PROSPECTUS Pricing Supplement No. 3542
Dated October 7, 1999 Dated May 31, 2000
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated December 17, 1999 No. 333-87367
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: May 31, 2000
Settlement Date (Original Issue Date): June 5, 2000
Maturity Date: June 5, 2003
Principal Amount (in Specified Currency): USD750,000,000
Price to Public (Issue Price): 99.799%
Agent's Discount or Commission: 0.225%
Net Proceeds to Issuer: USD746,805,000
Interest Rate Per Annum: 7.50%
Interest Payment Date(s):
X Semi-Annually on June 5th and December 5th of each
year commencing December 5, 2000.
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP Number: 36962G UX0
ISIN Number: US36962GUX05
Common Code: 11252877
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. 3542
Dated May 31, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
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
Reopening of Issue:
Additional notes may be issued with the same terms as these
Notes. After such additional notes are issued, they will be
fungible with these Notes. See "Description of Notes - Reopening
of Issue" as described in the Prospectus Supplement dated
December 17, 1999.
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. 3542
Dated May 31, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
Additional Information:
General.
At April 1, 2000, the Company had outstanding indebtedness
totalling $186.789 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 April 1, 2000 excluding subordinated notes
payable after one year was equal to $186.092 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:
Three Months ended
Year Ended December 31, April 1, 2000
1995 1996 1997 1998 1999
1.51 1.53 1.48 1.50 1.60 1.67
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.
Recent Developments:
The Board of Directors of the Company has adopted
resolutions approving the reincorpration and change of
domicile of the Company from New York to Delaware. Such
reincorporation is currently expected to occur in July,
2000.
Plan of Distribution:
The Notes are being purchased by Lehman Brothers Inc. and UBS
Warburg LLC as lead managers, and the other Underwriters
listed on Schedule I of the related terms agreement (the
"Underwriters"), as principal, at 99.799% of the aggregate
principal amount less an underwriting discount equal to 0.225%
of the principal amount of the Notes.
The Company has agreed to indemnify the Underwriters against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
