PROSPECTUS Pricing Supplement No's. 3558 and 3559
Dated October 7, 1999 Dated September 7, 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
( Fixed Rate Notes)
Trade Date: Tranche A: September 6, 2000
Tranche B: September 7, 2000
Settlement Date (Original Issue Date) : September 11, 2000
Maturity Date: September 11, 2003
Principal Amount (in Specified Currency):
Tranche A: USD 750,000,000.00
Tranche B: USD 750,000,000.00
Price to Public (Issue Price): Tranche A: 99.778%
Tranche B: 99.768%
Agent's Discount or Commission: Tranche A: 0.225%
Tranche B: 0.225%
Net Proceeds to Issuer: Tranche A:USD$746,647,500.00
Tranche B:USD$746,572,500.00
Interest Rate Per Annum: 6.75%
Interest Payment Date(s):
March 11 and September 11 of each year commencing March 11,
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: 36962GVF8
ISIN Number: US36962GVF89
Common Code: 011768016
(Fixed Rate
Page2 Pricing Supplement No.'s 3558 and 3555
Dated September 7, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
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.
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 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
(Fixed Rate Notes)
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Pricing Supplement No.'s 3558 and 3559
Dated September 7, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
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.
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.
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.
(Fixed Rate Notes)
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Pricing Supplement No.'s 3558 and 3559
Dated September 7, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
Recent Development:
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 fourth quarter of 2000.
Plan of Distribution:
The Notes are being purchased by Salomon Smith Barney
Inc. and Deutsche Bank Alex. Brown (collectively, the
"Underwriters"), as principal, at Tranche A: 99.778% and
Tranche B: 99.768% of the aggregate principal amount
less an underwriting discount equal to Tranche A: 0.2250%
and Tranche B: 0.2250% of the principal amount of the
Notes.
On September 6, 2000, the Company agreed to issue
$750,000,000 principal amount of Notes. The Underwriters
created a substantial short position. The Company was
under no obligation to issue additional Notes to cover
the Underwriters' short position.
On September 7, 2000, the Company reopened the offering
and agreed to issue $750,000,000 additional principal
amount of Notes. The Underwriters may use such
additional Notes to cover previously created short
positions.
The Company has agreed to indemnify the Underwriter
against certain liabilities, including liabilities under
the Securities Act of 1933, as amended.
