PROSPECTUS Pricing Supplement No. 3354 and 3356
Dated January 10, 1995 Dated April 28, 1999
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement No.333-59707
Dated January 25, 1995
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: April 28, 1999
Settlement Date (Original Issue Date): May 3, 1999
Maturity Date: May 3, 2000
Principal Amount (in Specified Currency): USD1,149,000,000
Price to Public (Issue Price): 100%
Agent's Discount or Commission: 0%
Net Proceeds to Issuer (in Specified Currency): USD1,149,000,000
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 (See "Additional Terms - Interest" below)
X LIBOR _ Prime Rate _ Treasury Rate
_ Other (See "Additional Terms - Interest" below)
Spread (Plus or Minus): minus 5 basis points
Spread Multiplier: N/A
Index Maturity: 3 Months
Index Currency: U.S. Dollar
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Quarterly
Interest Payment Dates: August 3, 1999, November 3, 1999, February 3, 2000 and
May 3, 2000.
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. 3354 and 3356
Dated April 28, 1999
Rule 424(b)(3)-Registration Statement No. 333-59707
Initial Interest Rate Per Annum: To be Determined two London Banking Days
prior to the Original Issue Date."London
Banking Day" means any day on which
commercial banks are open for business
(including dealings in foreign exchange
and foreign currency deposits) in London,
England.
Interest Reset Periods and Dates: Quarterly on each Interest Payment Date.
Interest Determination Dates: Two London Banking Days prior to each
Interest Reset Date.
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
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
<PAGE> (Floating Rate Notes)
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Pricing Supplement No. 3354 and 3356
Dated April 28, 1999
Rule 424(b)(3)-Registration Statement No. 333-59707
Additional Terms:
Certain Covenants of the Company.
As of August 1, 1996, the Company entered into a supplemental
indenture with The Chase Manhattan Bank, as trustee (the
"Trustee"), eliminating the covenants of the Company
described in the Prospectus under the caption "Certain
Covenants of the Company". Consequently, the information
under such caption is not applicable to the Notes. As of
February 27, 1997, the Company entered into a Third Amended
and Restated Indenture with the Trustee. References in the
accompanying Prospectus Supplement and Prospectus to
"Indenture" shall be amended to refer to such Third Amended
and Restated Indenture
Additional Information:
The Calculation Agent for the Notes will be GECC Capital
Markets Group, Inc.
General.
At December 31, 1998, the Company had outstanding
indebtedness totalling $165.602 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 December 31, 1998
excluding subordinated notes payable after one year was equal
to $164.905 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,
1994 1995 1996 1997 1998
1.63 1.51 1.53 1.48 1.50
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.
<PAGE> (Floating Rate Notes)
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Pricing Supplement No. 3354 and 3356
Dated April 28, 1999
Rule 424(b)(3)-Registration Statement No.333-59707
Documents Incorporated by Reference.
The information contained in the Prospectus in the first
paragraph of text under the caption "Documents Incorporated
by Reference" is hereby amended in its entirety, as follows:
There is hereby incorporated in the Prospectus by reference
the Company's Annual Report on Form 10-K for the year ended
December 31, 1998 heretofore filed with the Securities and
Exchange Commission pursuant to the Securities Exchange Act
of 1934, as amended, to which reference is hereby made.
Plan of Distribution:
GECC Capital Markets Group, Inc. is acting as agent in
connection with the distribution of the Notes in the amounts
set forth below. In such role, the Agent is not authorized to
hold securities or funds on behalf of its customers.
Therefore, purchasers will clear and settle directly with the
issuer of the Notes. The Agent will receive a selling
commission equal to 0% of the principal amount of the Notes.
GECC Capital Markets Group, Inc. USD700,000,000
GECC Capital Markets Group, Inc. USD449,000,000
