PROSPECTUS Pricing Supplement No. 3549
Dated October 7, 1999 Dated July 13, 2000
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated December 17, 1999 Number: 333-87367
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: July 13, 2000
Settlement Date (Original Issue Date): July 18, 2000
Maturity Date: March 1, 2002
Principal Amount (in Specified Currency): USD500,000,000
Price to Public (Issue Price): 99.967% (Plus accrued interest
from March 13, 2000)
Agent's Discount or Commission: 0.150%
Net Proceeds to Issuer: USD499,085,000 (Plus accrued
interest from March 13, 2000)
Interest Rate Per Annum: 7.00%
Interest Payment Date(s):
X Semi-Annually on March 1st and September 1st of
each year commencing, September 1, 2000.
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP Number: 36962G UP7
ISIN Number: US36962GUP70
Common Code: 010921155
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. 3549
Dated July 13, 2000
Rule 424(b)(3)-Registration Statement
Number: 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.
The notes are intended to be fully fungible with and will be
consolidated and form a single issue for all purposes with the
Company's issue of USD750,000,000 7.0% Notes Due March 1, 2002,
described in the Company's Pricing Supplement number 3519 dated
March 8, 2000 and with USD500,000,000 7.0% Notes Due March 1,
2002, described in the Company's Pricing Supplement number 3527
dated April 19, 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
<PAGE> (Fixed Rate)
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Pricing Supplement No. 3549
Dated July 13, 2000
Rule 424(b)(3)-Registration Statement
Number: 333-87367
Indexed Notes:
Currency Base Rate: N/A
Determination Agent: N/A
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:
On May 25, 2000, the Board of Directors of the Company
adopted resolutions approving the reincorpration and change
of domicile of the Company from New York to Delaware. This
reincorporation is currently expected to occur in the third
quarter of 2000.
Plan of Distribution:
The Notes are being purchased by Lehman Brothers Inc. (the
"Underwriter"), as principal, at 99.967% of the aggregate
principal amount less an underwriting discount equal to 0.150%
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.
