PROSPECTUS Pricing Supplement No. 3535
Dated October 7, 1999 Dated May 10, 2000
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated December 17, 1999 No.'s 333-76479 and 333-87367
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: May 10, 2000
Settlement Date (Original Issue Date): May 15, 2000
Maturity Date: January 19, 2010
Principal Amount (in Specified Currency): USD500,000,000
Price to Public (Issue Price): 97.75%
Agent's Discount or Commission: 0.4250% (plus accrued interest
from January 19, 2000)
Net Proceeds to Issuer: USD486,625,000 (plus accrued
interest from January 19, 2000)
Interest Rate Per Annum: 7.375%
Interest Payment Date(s):
X Semi-Annually on January 19th and July 19th of each
year commencing, July 19, 2000.
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP Number: 36962G UL6
ISIN Number: US36962GUL66
Common Code: 10689406
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. 3535
Dated May 10, 2000
Rule 424(b)(3)-Registration Statement
No.'s 333-76479 and 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 with USD1,000,000,000 (consisting of tranche
A USD750,000,000 and Tranche B USD250,000,000 7.375% Notes Due
January 19, 2010 described in the Company's Pricing Supplement
Number's 3507 and 3508 dated January 13, 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. 3535
Dated May 10, 2000
Rule 424(b)(3)-Registration Statement
No.'s 333-76479 and 333-87367
Indexed Notes:
Currency Base Rate: N/A
Determination Agent: N/A
Additional Information:
General.
At December 31, 1999, the Company had outstanding indebtedness
totalling $191.935 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, 1999 excluding subordinated notes
payable after one year was equal to $191.237 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,
1995 1996 1997 1998 1999
1.51 1.53 1.48 1.50 1.60
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 Salomon Smith Barney Inc. and
Lehman Brothers Inc. (the "Underwriters"), as principal, at
97.75% of the aggregate principal amount less an underwriting
discount equal to 0.425% 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.
