PROSPECTUS Pricing Supplement No. 3445
Dated April 28, 1999 Dated August 31, 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
(Fixed Rate Notes)
Trade Date: August 31, 1999
Settlement Date (Original Issue Date): September 3, 1999
Maturity Date: September 4, 2001
Principal Amount (in Specified Currency): US$20,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.175%
Net Proceeds to Issuer: US$19,965,000
Interest Rate Per Annum: 6.38%
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 September 3, 1999 to but excluding September
15, 1999) and on the Maturity Date (with respect to the
period from and including March 15, 2001 to but
excluding September 4, 2001).
___ 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)
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Pricing Supplement No. 3445
Dated August 31, 1999
Rule 424(b)(3)-Registration Statement
No.'s 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)
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Pricing Supplement No. 3445
Dated August 31, 1999
Rule 424(b)(3)-Registration Statement
No.'s 333-59707 and 333-76479
Additional Information:
General.
At June 26, 1999, the Company had outstanding indebtedness
totalling $172.790 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 June 26, 1999 excluding subordinated notes
payable after one year was equal to $172.093 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, Six Months Ended
1994 1995 1996 1997 1998 June 26, 1999
1.63 1.51 1.53 1.48 1.50 1.58
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.
PaineWebber Incorporated is acting as agent in connection with
the distribution of the Notes. The Agent will receive a
selling commission equal to 0.175% of the principal amount of
the Notes.
