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PROSPECTUS Pricing Supplement No.3602
Dated September 7, 2000 Dated November 7, 2000
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated September 5, 2000 No.'s 333-87367 and 333-40880
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: November 16, 2000
Settlement Date (Original Issue Date): November 21, 2000
Maturity Date: November 21, 2002
Principal Amount (in Specified Currency): USD200,000,000
Price to Public (Issue Price): 100%
Agent's Discount or Commission: 0.20%
Net Proceeds to Issuer (in Specified Currency): USD199,600,000
Interest Rate:
Interest Calculation:
n Regular Floating Rate
o Inverse Floating Rate
o Other Floating Rate
Interest Rate Basis: o CD Rate o Commercial Paper Rate
o Federal Funds Rate (See "Additional Terms - Interest" below)
n LIBOR o Prime Rate o Treasury Rate
o Other (See "Additional Terms - Interest" below)
Spread (Plus or Minus): One Month LIBOR plus 2 basis points
Spread Multiplier: N/A
Index Maturity: One Month
Index Currency: USD
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Monthly
Interest Payment Dates: On the 21st day of each month, commencing December 21, 2000.
Initial Interest Rate: To be determined two London Business Days prior to the Original Issue Date based on the one month LIBOR plus 2 basis points.
(Floating Rate Notes)
Page 2
Pricing Supplement No.3602
Dated November 7, 2000
Rule 424(b)(3)-Registration Statement
No.'s 333-87367 and 333-40880
Interest Reset Periods and Dates: Monthly on each Interest Payment Date.
Interest Determination Dates: Monthly, at least two London Business Days prior to
each Interest Reset Date.
Form of Notes:
n DTC registered o non-DTC registered
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Original Issue Discount
Amount of OID: N/A
Interest Accrual Date: N/A
Yield to Maturity: 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
Indexed Notes:
Currency Base Rate: N/A
(Floating Rate Notes)
Page 3
Pricing Supplement No. 3602
Dated November 7, 2000
Rule 424(b)(3)-Registration Statement
No.'s 333-87367 and 333-40880
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.
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:
Nine Months ended
Year Ended December 31, September 30, 2000
1995 1996 1997 1998 1999
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:
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 0.2% of the principal amount of the Notes.
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.
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