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PROSPECTUS |
Pricing Supplement No. 3609 |
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Dated September 5, 2000 |
Dated December 6, 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
(Floating Rate Notes)
Trade Date: December 6, 2000
Settlement Date (Original Issue Date): December 11, 2000
Maturity Date: December 15, 2004
Principal Amount (in Specified Currency): USD600,000,000
Price to Public (Issue Price): 99.808%
Agent's Discount or Commission: 0.108%
Net Proceeds to Issuer (in Specified Currency): USD598,200,000
Interest Rate:
Interest Calculation:
n Regular Floating Rate
o Inverse Floating Rate
o Other Floating Rate
Interest Rate Basis: o CD Rate o Commercial Paper Rate
o Federal Funds Rate (See "Additional Terms - Interest" below)
n LIBOR o Prime Rate o Treasury Rate
o Other (See "Additional Terms - Interest" below)
Spread (Plus or Minus): Three Month LIBOR plus 4.5 basis points
Spread Multiplier: N/A
Index Maturity: Three Months
Index Currency: United Stated Dollars
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Quarterly
Interest Payment Dates: March 15th June 15th, September 15th and December 15th of each year commencing, March 15, 2001.
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(Floating Rate Notes) |
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Page 2 |
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Pricing Supplement No. 3609 |
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Dated December 6, 2000 |
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Rule 424(b)(3)-Registration Statement |
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No.'s 333-87367 and 333-40880 |
Initial Interest Rate: To be determined two London Business Days prior to the Original Issue Date based on the three month LIBOR plus 4.5 basis points.
Interest Reset Periods and Dates: Quarterly on each Interest Payment Date.
Interest Determination Dates: two London Business Days prior to each Interest Reset Date.
Form of Notes:
n DTC registered o non-DTC registered
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Original Issue Discount
Amount of OID: N/A
Interest Accrual Date: N/A
Yield to Maturity: 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
Indexed Notes:
Currency Base Rate: N/A
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(Floating Rate Notes) |
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Page 3 |
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Pricing Supplement No. 3609 |
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Dated December 6, 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, |
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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 |
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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:
Goldman, Sachs & Co. is acting as agent in connection with the distribution of the Notes.
The Agent will receive a selling commission equal to 0.108% of the principal amount of the Notes.
Goldman Sachs Capital Markets, L.P. will be the Calculation Agent for the Notes.
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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