PROSPECTUS Pricing Supplement No.: 3557
Dated October 7, 1999 Dated August 14, 2000
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated December 17, 1999 No. 333-87367
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Redeemable Fixed Rate Notes)
Trade Date: August 14, 2000
Settlement Date (Original Issue Date): September 1, 2000
Maturity Date: September 1, 2010, (subject to earlier redemption,
as set forth under "Additional Terms-Optimal Redemption")
Principal Amount (in Specified Currency): USD50,000,000
Price to Public (Issue Price): 100%
Agent's Discount or Commission: 1.250%
Net Proceeds to Issuer: USD49,375,000.00
Interest Rate Per Annum: 7.50%
Interest Payment Date(s):
X Semi-Annually on the March 1st and September 1st of each
year, commencing March 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: 36962G VE1
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 Notes)
<PAGE> Page 2
Pricing Supplement No.: 3557
Dated August 14, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
Repayment, Redemption and Acceleration
Initial Redemption Date: September 1, 2001 (See
"Additional Terms-Optional
Redemption" below)
Initial Redemption Percentage: 100%
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
December 17, 1999.
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.: 3557
Dated August 14, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
Optional Redemption.
The Company may at its option elect to redeem the Notes in
whole or in part, semi-annually on each March 1st and
September 1st , commencing on September 1, 2001 (each such
date, an "Optional Redemption Date") at 100% of their
principal amount plus accrued interest to but excluding the
date of redemption (the "Redemption Date"). In the event the
Company elects to redeem the Notes, notice will be given to
registered holders at least 30 days prior to the Redemption
Date.
Additional Information:
General.
At July 1, 2000, the Company had outstanding indebtedness
totalling $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.
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:
Six Months ended
Year Ended December 31, July 1, 2000
1995 1996 1997 1998 1999
1.51 1.53 1.48 1.50 1.60 1.61
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 Salomon Brothers Inc. (the
"Underwriter"), acting as principal, at 100.00% of the
aggregate principal amount less an underwriting discount equal
to 1.250% of the principal amount of the Notes.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
