PROSPECTUS Pricing Supplement No's. 3573 and 3574
Dated September 5, 2000 Dated October 5, 2000
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated September 7, 2000 No. 333-87367 and 333-40880
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
( Fixed Rate Notes)
Trade Date: Tranche A: October 4, 2000
Tranche B: October 5, 2000
Settlement Date (Original Issue Date) : October 10, 2000
Maturity Date: October 1, 2002
Principal Amount (in Specified Currency): Tranche A: USD 750,000,000
Tranche B: USD 250,000,000
Price to Public (Issue Price): Tranche A: 99.919%
Tranche B: The Tranche B Notes are being purchased
by the Underwriters at 99.719% of
their principal amount and will be
sold initially at 99.919% of their
principal amount and thereafter at
varying prices to be determined at
the time of sale. For further
information with respect to any
discounts, commissions or profits
on resales of the Tranche B Notes
that may be deemed underwriting
discounts or commissions, see "Plan
of Distribution" below.
Agent's Discount or Commission: Tranche A: 0.20%
Tranche B: The Tranche
B Notes will be sold at varying
prices to be determined by the
Underwriters at the time of each
sale.
Net Proceeds to Issuer: Tranche A: USD$ 747,892,500
Tranche B: USD$ 249,297,500
Interest Rate Per Annum: 6.70%
Interest Payment Date(s):
April 1 and October 1 of each year commencing April 1, 2001
(for the period from and including October 10, 2000 to but
excluding April 1, 2001, each period from and including an
Interest Payment Date or the Original Issue Date as the case
may be, to but excluding the next succeeding Interest
Payment date is referred to herein as an "Interest Period").
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP Number: 36962GVK7
ISIN Number: US36962GVK74
Common Code: 011895760
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.
(Fixed Rate)
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Pricing Supplement No.'s 3573 and 3574
Dated October 5, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367 and 333-40880
Repayment, Redemption and Acceleration
Initial Redemption Date:
N/A
Initial Redemption Percentage: N/A
Optional Repayment Date: Not applicable(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
Additional Terms
Interest.
Accrued interest on the Notes for each Interest Period
shall be calculated and paid on the basis of a year of
360 days consisting of twelve 30-day months. As a
result, the amount payable on each Interest Payment Date
will remain constant irrespective of the actual number of
days that have elapsed since the preceding Interest
Payment Date.
(Fixed Rate Notes)
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Pricing Supplement No.'s 3573 and 3574
Dated October 5, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367 and 333-40880
Additional Information:
General.
At July 1, 2000, the Company had outstanding indebtedness
totaling $189.429 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 July 1, 2000
excluding subordinated notes payable after one year was
equal to $188.732 billion.
Plan of Distribution:
The Tranche A Notes are being purchased by the following
financial institutions (collectively, the
"Underwriters"), in the respective amounts set forth
below, as principal, at a price of 99.919% of the
aggregate principal amount less an underwriting discount
equal to 0.20% of the principal amount of the Tranche A
Notes.
The Tranche B Notes are being purchased by the
Underwriters, as principal, at 99.719% of their aggregate
principal amount. The Underwriters have advised the
Company that the Underwriters propose to offer the
Tranche B Notes from time to time for sale in negotiated
transactions or otherwise, at prices determined at the
time of sale.
Tranche A Tranche B
Underwriters Commitment Commitment
Morgan Stanley & Co.Incorporated $352,500,000 $117,500,000
UBS Warburg LLC $352,500,000 $117,500,000
ABN AMRO IncorporateD $7,500,000 $2,500,000
Blaylock & Partners, L.P. $7,500,000 $2,500,000
Lehman Brothers Inc. $7,500,000 $2,500,000
Merrill Lynch, Pierce, Fenner & Smith $7,500,000 $2,500,000
Incorporated
Salomon Smith Barney Inc. $7,500,000 $2,500,000
The Williams Capital Group, L.P. $7,500,000 $2,500,000
Total $750,000,000 $250,000,000
The Company has agreed to indemnify the Underwriters
against certain liabilities, including liabilities under
the Securities Act of 1933, as amended.
