424B3 1 MTN2264 PROSPECTUS Pricing Supplement No. 2264 Dated January 10, 1995 Dated March 22, 1995 PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement No. 33-55209 Dated January 25, 1995 GENERAL ELECTRIC CAPITAL CORPORATION GLOBAL MEDIUM-TERM NOTES, SERIES A (Floating Rate Notes) Trade Date: March 22, 1995 Settlement Date (Original Issue Date): March 29, 1995 Maturity Date: March 29, 1996 Principal Amount (in Specified Currency): US$300,000,000 Price to Public (Issue Price): 100.00% Agent's Discount or Commission: 0.046% Net Proceeds to Issuer (in Specified Currency): US$299,862,000 Interest Rate: Interest Calculation: X Regular Floating Rate __ Inverse Floating Rate __ Other Floating Rate Interest Rate Basis: __ CD Rate __ Commercial Paper Rate __ Federal Funds Rate __ LIBOR X Prime Rate __ Treasury Rate __ Other (See "Additional Terms--Interest" below) Spread (Plus or Minus): minus 2.75% Spread Multiplier: N/A Index Maturity: N/A Index Currency: N/A Maximum Interest Rate: N/A Minimum Interest Rate: N/A Interest Payment Period: Quarterly Interest Payment Dates: June 29, 1995, September 29, 1995, December 29, 1995 and March 29, 1996 Initial Interest Rate Per Annum: To be determined two Business Days prior to the Original Issue Date based on Prime minus 2.75% 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. (Floating Rate Notes) Page 2 Pricing Supplement No. 2264 Dated March 22, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Interest Reset Periods and Dates: Daily, on each Business Day Interest Determination Dates: Two Business Days prior to each Interest Reset Date Form of Notes: X DTC registered __ 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. 2264 Dated March 22, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Additional Terms: Interest: The interest rate applicable to each daily Interest Reset Period will equal the Prime Rate (as defined below) minus the Spread set forth on the cover page of this Pricing Supplement. Interest will be payable quarterly on June 29, 1995, September 29, 1995, December 29, 1995 and March 29, 1996 (each, an "Interest Payment Date"). Interest will reset each Business Day (each, an "Interest Reset Date") from the Original Issue Date up to but excluding the Maturity Date. The Interest Determination Date with respect to an Interest Reset Date will be two Business Day prior to each Interest Reset Date. Interest payments on the Notes will equal the amount of interest accrued from and including the next preceding Interest Payment Date in respect of which interest has been paid (or from and including the Original Issue Date, if no interest has been paid with respect to the Notes) to but excluding the related Interest Payment Date. "Prime Rate" means, with respect to any Interest Reset Date, the rate (expressed on the basis of the actual number of days in the year divided by 360) appearing on Telerate Page 125 (as defined below) as of 11:00 a.m., New York City time, on the related Interest determination Date under the heading "Bank Prime Rate History". If Telerate Page 125 is not available for such Interest Determination Date, then the Prime Rate for the related Interest Reset Date shall be the rate appearing in the Federal Reserve Statistical Release H.15(519) opposite the caption "Bank Prime Loan" for such Interest Determination Date. If Telerate Page 125 and the Federal Reserve Statistical Release H.15(519) are not available for any Interest Determination Date, the Prime Rate applicable to such Interest Reset Date shall be the arithmetic mean of the rates appearing on Telerate Page 38 (as defined below) as of 11:00 a.m., New York City time, on such Interest Determination Date under the heading "Prime Rates-Top 30 U.S. Banks". If Telerate Page 125, the Federal Reserve Statistical Release H.15(519) and Telerate Page 38 are unavailable for any Interest Determination Date with respect to an Interest Reset Date, then the Prime Rate will be based on the arithmetic mean of the prime rates or base lending rates (quoted on the basis of the actual number of days in the year divided by a 360 day year) quoted by three major money center banks in the City of New York selected by the Calculation Agent; provided, however, that if fewer than three banks selected as aforesaid by the Calculation Agent are quoting as described in this sentence, the Prime Rate applicable to such Interest Reset (Floating Rate Notes) Page 4 Pricing Supplement No. 2264 Dated March 22, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Date shall be the Prime Rate in effect on such Interest Reset Date. "Telerate Page 125" and "Telerate Page 38" mean the display pages designated as "Page 125" and "Page 38", respectively, on the Dow Jones Telerate Service (or such other pages as may replace such pages on that service, or such other service as may be nominated as the information vendor for the purposes of displaying rates comparable to the Prime Rate). Plan of Distribution The Notes are being purchased by Goldman, Sachs & Co. (the "Underwriter"), as principal, at 100.000% of the aggregate principal amount less an underwriting discount equal to 0.046%. The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.