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Previous: FORTUNE NATURAL RESOURCES CORP, 4, 2000-11-03 |
Next: GENERAL ELECTRIC CAPITAL CORP, 424B3, 2000-11-03 |
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PROSPECTUS |
Pricing Supplement No. 3589 |
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Dated September 5, 2000 |
Dated: November 1, 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: October 30, 2000
Settlement Date (Original Issue Date): November 2, 2000
Maturity Date: November 1, 2005
Principal Amount (in Specified Currency): USD750,000,000
Price to Public (Issue Price): 99.913%
Agent's Discount or Commission: 0.325%
Net Proceeds to Issuer: $746,910,000
Interest Rate Per Annum: 6.80%
Interest Payment Date(s):
X Semi-Annually on May 1 and November 1, commencing May 1, 2001 (with respect to
the period from and including November 2, 2000 to but excluding May 1, 2001) and on the
Maturity Date.
___ Other:
CUSIP Number: 36962GVM3
ISIN Number: US36962GVM31
Common Code: 012016255
Form of Notes:
X DTC registered ___ non-DTC registered
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) Page 2 |
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Pricing Supplement No. 3589 |
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Dated November 1, 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) Page 3 |
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Pricing Supplement No. 3589 |
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Dated November 1, 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, |
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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 |
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 99.913% of the aggregate principal amount less an underwriting discount equal to 0.3250% of the principal amount of the Notes.
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Institution Goldman, Sachs & Co |
.Commitment $352,500,000 |
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Lehman Brothers Inc. Bank One Capital Markets, Inc |
$352,500,000 $ 11,250,000 |
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Blaylock & Partners UBS Warburg |
$ 11,250,000 $ 11,250,000 |
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The Williams Capital Group, L.P. |
$ 11,250,000 |
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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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