PROSPECTUS Pricing Supplement No. 3370
Dated April 28, 1999 Dated May 12, 1999
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated May 3, 1999 No's 333-59707 and 333-76479
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: May 12, 1999
Settlement Date (Original Issue Date): May 19, 1999
Maturity Date: May 19, 2000
Principal Amount (in Specified Currency): USD300,000,000
Price to Public (Issue Price): 100%
Agent's Discount or Commission: 0.040%
Net Proceeds to Issuer (in Specified Currency): USD299,880,000
Interest Rate:
Interest Calculation:
X Regular Floating Rate
_ Inverse Floating Rate
_ Other Floating Rate
Interest Rate Basis: _ CD Rate _ Commercial Paper Rate
_ Federal Funds Rate _ LIBOR _ Treasury Rate _ Prime Rate
_ CMT Rate _ 11th District Cost of Funds Rate X Other: See Below
Spread (Plus or Minus): flat Spread Multiplier: N/A
Index Maturity: 10 years Index Currency: U.S. Dollar
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Interest Payment Period: Monthly
Interest Payment Dates: Monthly, on the 19th of each month,
commencing June 19, 1999.
CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE
DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS
ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.
<PAGE> (Floating Rate Notes)
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Pricing Supplement No. 3370
Dated May 12, 1999
Rule 424(b)(3)-Registration Statement
No.'s 333-59707 and 333-76479
Interest will be determined for each observation period based
on the formula described below. In the event that any
Interest Payment Date would otherwise be a day that is not a
Business Day, the rate will be that rate set on the previous
Business Day.
Interest Rate Per Annum:
= 6.32% X number of days where CMT Rate > 4.75% and < 6.25%
in the Observation Period below
___________________________________________________
the total number of days in the Observation Period
Interest Reset Periods and Dates: Daily.
Observation Period Observation Period Interest Payment
Start End Date
4/19/99 5/18/99 6/19/99
5/19/99 6/18/99 7/19/99
6/19/99 7/18/99 8/19/99
7/19/99 8/18/99 9/19/99
8/19/99 9/18/99 10/19/99
9/19/99 10/18/99 11/19/99
10/19/99 11/18/99 12/19/99
11/19/99 12/18/99 1/19/00
12/19/99 1/18/00 2/19/00
1/19/00 2/18/00 3/19/00
2/19/00 3/18/00 4/19/00
3/19/00 4/18/00 5/19/00
Day Count Basis: Actual/Actual
Form of Notes:
X DTC registered _ non-DTC registered
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Original Issue Discount
Amount of OID: N/A
Interest Accrual Date: N/A
Yield to Maturity: N/A
Initial Accrual Period OID: N/A
<PAGE> (Floating Rate Notes)
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Pricing Supplement No. 3370
Dated May 12, 1999
Rule 424(b)(3)-Registration Statement
No.'s 333-59707 and 333-76479
Amortizing Notes:
Amortization Schedule: N/A
Dual Currency Notes:
Face Amount Currency: N/A
Optional Payment Currency: N/A
Designated Exchange Rate: N/A
Indexed Notes:
Currency Base Rate: N/A
Additional Information:
The Calculation Agent for the Notes will be Lehman Brothers
Inc.
General.
At March 27, 1999 the Company had outstanding indebtedness
totalling $167.367 billion, consisting of notes payable
within one year, senior notes payable after one year and
subordinated notes payable after one year. The total amount
of outstanding indebtedness at March 27, 1999, excluding
subordinated notes payable after one year, was equal to
$166.670 billion.
Consolidated Ratio of Earning to Fixed Charges.
The information contained in the Prospectus under the caption
"Consolidated Ratio of Earnings to Fixed Charges" is hereby
amended in its entirety, as follows:
Year Ended December 31, Three Months Ended
1994 1995 1996 1997 1998 March 27, 1999
1.63 1.51 1.53 1.48 1.50 1.53
For purposes of computing the consolidated ratio of earnings
to fixed charges, earnings consist of net earnings adjusted
for the provision for income taxes, minority interest and
fixed charges. Fixed charges consist of interest and
discount on all indebtedness and one-third of rentals, which
the Company believes is a reasonable approximation of the
interest factor of such rentals.
Plan of Distribution:
Lehman Brothers Inc. is acting as agent in connection with the
distribution of the Notes. The Agent will receive a selling
commission equal to 0.040% of the principal amount of the
Notes.
