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Previous: GARMENT CAPITOL ASSOCIATES, 10-Q, EX-27, 2000-11-16 |
Next: GOLDEN TRIANGLE INDUSTRIES INC/, NT 10-Q, 2000-11-16 |
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PROSPECTUS |
Pricing Supplement No. 3599 |
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Dated September 5, 2000 |
Dated November 15, 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
(Fixed Rate Notes)
Trade Date: November 13, 2000
Settlement Date (Original Issue Date): November 16, 2000
Maturity Date: November 15, 2010
Principal Amount (in Specified Currency): USD750,000,000
Price to Public (Issue Price): 99.36%
Agent's Discount or Commission: 0.4250%
Net Proceeds to Issuer: 742,012,500
Interest Rate Per Annum: 6.8750%
Interest Payment Date(s):
X May 15 and November 15 of each year commencing May 15, 2001 (with respect
to the period from and including November 16, 2000 to but excluding May 15, 2001) and
on the Maturity Date .
___ Other:
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP No: 36962GVSO
ISIN No. US369626VSO1
Common Code: 012078757
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
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(Fixed Rate) |
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Page 2 |
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Pricing Supplement No. 3599 |
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Dated November 15, 2000 |
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Rule 424(b)(3)-Registration Statement |
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No.'s 333-87367 and 333-40880 |
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.
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 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.
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(Fixed Rate) |
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Page 3 |
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Pricing Supplement No. 3599 |
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Dated November 15, 2000 |
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Rule 424(b)(3)-Registration Statement |
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No.'s 333-87367 and 333-40880 |
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, |
Nine Months ended |
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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
:The Notes are being purchased by the following institutions (collectively, the "Underwriters"), as principal, at 99.36% of the aggregate principal amount less an underwriting discount equal to 0.4250% of the principal amount of the Notes.
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Institution Merrill Lynch, Pierce Fenner & Smith Inc. |
Commitment $360,000,000 |
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Lehman Brothers Inc. |
$360,000,000 |
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Banc One Capital Markets, Inc. |
$ 7,500,000 |
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Deutsche Alex Brown |
$ 7,500,000 |
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Salomon Smith Barney Inc. |
$ 7,500,000 |
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UBS Warburg LLC |
$ 7,500,000 |
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Total |
$750,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
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