PROSPECTUS Pricing Supplement No.'s 3408, 3409,
3410, 3411, 3412, 3413 and 3414
Dated April 28, 1999 Dated July 20, 1999
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated May 3, 1999 No. 333-59707 and 333-76479
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: July 20, 1999
Settlement Date (Original Issue Date): July 23, 1999
Maturity Date: July 23, 2003
Principal Amount (in Specified Currency): USD350,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.300%
Net Proceeds to Issuer: USD348,950,000
Interest Rate Per Annum: 6.267%
Interest Payment Date(s):
X March 15 and September 15 of each year commencing
September 15, 1999 (with respect to the period from and
including July 23, 1999 to but excluding September 15,
1999) and on the Maturity Date (with respect to the
period from and including March 15, 2003 to but excluding
July 23, 2003).
___ Other:
Form of Notes:
X DTC registered ___ non-DTC registered
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> (Fixed Rate)
Page 2
Pricing Supplement No.'s 3408, 3409,
3410, 3411, 3412, 3413 and 3414
Dated July 20, 1999
Rule 424(b)(3)-Registration Statement
No. 333-59707 and 333-76479
Repayment, Redemption and Acceleration
Optional Repayment Date(s): N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A
Original Issue Discount:
Amount of OID: N/A
Yield to Maturity: N/A
Interest Accrual Date: N/A
Initial Accrual Period OID: N/A
Amortizing Notes:
Amortization Schedule: N/A
Dual Currency Notes:
Face Amount Currency: N/A
Optional Payment Currency: N/A
Designated Exchange Rate: N/A
Option Value Calculation Agent: N/A
Option Election Date(s): N/A
Indexed Notes:
Currency Base Rate: N/A
Determination Agent: N/A
<PAGE> (Fixed Rate)
Page 3
Pricing Supplement No.'s 3408, 3409,
3410, 3411, 3412, 3413 and 3414
Dated July 20, 1999
Rule 424(b)(3)-Registration Statement
No. 333-59707 and 333-76479
Additional Information:
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:
The Notes are being purchased by the underwriters listed below
(the "Underwriters"), individually as principal, at 100% of
the aggregate principal amount listed below less an
underwriting discount equal to 0.300% of the principal amount
of the Notes.
Chase Securities Inc. USD50,000,000
Deutsche Bank Securities Inc. USD50,000,000
Goldman Sachs & Co. USD50,000,000
J.P. Morgan Securities Inc. USD50,000,000
Lehman Brothers Inc. USD50,000,000
Merrill Lynch, Pierce,
Fenner & Smith Incorporated USD50,000,000
UBS AG, acting through its
division Warburg Dillon Read USD50,000,000
The Company has agreed to indemnify the Underwriters against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
