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PROSPECTUS |
Pricing Supplement No. 3608 |
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Dated September 5, 2000 |
Dated December 5, 2000 |
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PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
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Dated September 7, 2000 |
No.'s 333-87367 and 333-40880 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: December 5, 2000
Settlement Date (Original Issue Date): December 8, 2000
Maturity Date: December 10, 2007
Principal Amount (in Specified Currency): USD750,000,000
Price to Public (Issue Price): 99.578%
Agent's Discount or Commission: 0.3750%
Net Proceeds to Issuer: USD744,022,500
Interest Rate Per Annum: 6.50%
Interest Payment Date(s):
X June 10 and December 10 of each year commencing June 10, 2001 (with respect
to the period from and including December 8, 2000 to but excluding June 10, 2001) and
on the Maturity Date.
___ Other:
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP No: 36962GVW1
ISIN No. US36962GVW13
Common Code: 012178808
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.
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(Fixed Rate) |
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Page 2 |
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Pricing Supplement No. 3608 |
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Dated December 5, 2000 |
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Rule 424(b)(3)-Registration Statement |
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No.'s 333-87367 and 333-40880 |
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 September 7, 2000.
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
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(Fixed Rate) |
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Page 3 |
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Pricing Supplement No. 3608 |
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Dated December 5, 2000 |
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Rule 424(b)(3)-Registration Statement |
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No.'s 333-87367 and 333-40880 |
Additional Information
:General.
At September 30, 2000, the Company had outstanding indebtedness totaling $189.922 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 September 30, 2000 excluding subordinated notes payable after one year was equal to $189.224 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:
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Year Ended December 31, |
Nine Months ended September 30, 2000 |
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1995 |
1996 |
1997 |
1998 |
1999 |
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1.51 |
1.53 |
1.48 |
1.50 |
1.60 |
1.64 |
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 following institutions (collectively, the "Underwriters"), as principal, at 99.578% of the aggregate principal amount less an underwriting discount equal to 0.3750% of the principal amount of the Notes.
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Institution Deutsche Bank Securities Inc. Morgan Stanley & Co. Incorporated ABN AMRO Bank N.V. A.G. Edwards & Sons Inc. Banc One Capital Markets, Inc. |
Commitment $356,250,000 $356,250,000 $ 7,500,000 $ 7,500.000 $ 7,500,000 |
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Merrill Lynch, Pierce Fenner & Smith Inc. |
$ 7,500,000 |
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Utendahl Capital Partners, L.P. |
$ 7,500,000 |
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Total |
$750,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
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