PROSPECTUS Pricing Supplement No.: 3546
Dated October 7, 1999 Dated June 26, 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: June 26, 2000
Settlement Date (Original Issue Date): July 13, 2000
Maturity Date: July 13, 2015 (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): 100.00%
Agent's Discount or Commission: 1.50%
Net Proceeds to Issuer: USD49,250,000
Interest Rate Per Annum: 8.00%
Interest Payment Date(s):
X Semi-Annually on July 13th and January 13th of each year
commencing, January 13, 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 UZ5
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.
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No.: 3546
Dated June 26, 2000
Rule 424(b)(3)-Registration Statement
No. 333-87367
Repayment, Redemption and Acceleration
Initial Redemption Date: July 13, 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
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No.: 3546
Dated June 26, 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 based on the number of days in such
Period divided by 360 (the number of days in such Interest
Period to be calculated 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.
Optional Redemption.
The Company may at its option elect to redeem the Notes in
whole or in part on July 13, 2001 or on any Interest Payment
Date thereafter (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 April 1, 2000, the Company had outstanding indebtedness
totalling $186.789 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 April 1, 2000 excluding subordinated notes
payable after one year was equal to $186.092 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:
Three Months ended
Year Ended December 31, April 1, 2000
1995 1996 1997 1998 1999
1.51 1.53 1.48 1.50 1.60 1.67
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:
Salomon Smith Barney Inc. is acting as Agent in connection
with the distribution of the Notes. The Agent will receive a
selling commission equal to 1.50% of the principal amount of
the Notes.
