0000040554-95-000274.txt : 19950914 0000040554-95-000274.hdr.sgml : 19950914 ACCESSION NUMBER: 0000040554-95-000274 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950912 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CAPITAL CORP CENTRAL INDEX KEY: 0000040554 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 131500700 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-58506 FILM NUMBER: 95573002 BUSINESS ADDRESS: STREET 1: 260 LONG RIDGE RD CITY: STAMFORD STATE: CT ZIP: 06927 BUSINESS PHONE: 2033574000 MAIL ADDRESS: STREET 1: 260 LONG RIDGE ROAD CITY: STAMFORD STATE: CT ZIP: 06927 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL ELECTRIC CREDIT CORP DATE OF NAME CHANGE: 19871216 424B3 1 MTN2508 PROSPECTUS Pricing Supplement No. 2508 Dated January 10, 1995 Dated September 8, 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: September 8, 1995 Settlement Date (Original Issue Date): September 13, 1995 Maturity Date: September 15, 1997 Principal Amount (in Specified Currency): US$25,000,000 Price to Public (Issue Price): 100.00% Agent's Discount or Commission: 0.0368% Net Proceeds to Issuer (in Specified Currency): US$24,990,800 Interest Rate: Interest Calculation: X Regular Floating Rate __ Inverse Floating Rate __ Other Floating Rate Interest Rate Basis: __ CD Rate __ Commercial Paper Rate X Federal Funds Rate (See "Additional Terms--Interest" below) __ LIBOR __ Prime Rate __ Treasury Rate __ Other (See "Additional Terms--Interest" below). Spread (Plus or Minus): plus 0.130% 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: Each March 15, June 15, September 15 and December 15, commencing December 15, 1995. Initial Interest Rate Per Annum: The interest rate applicable to the period from and including the Original Issue Date to but excluding the first Interest Reset Date shall be______. 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. 2508 Dated September 8, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Interest Reset Periods and Dates: Weekly, on each Tuesday and on each Interest Payment Date. Interest Determination Dates: The Friday immediately preceding 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. 2508 Dated September 8, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Additional Terms: Interest. Interest will reset on each Tuesday and on each Interest Payment Date (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 Friday immediately preceding such 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. "Federal Funds Rate" means, with respect to an Interest Reset Date, the rate (expressed as a percentage per annum) that appears opposite the caption "Federal Funds FRB-H.15" for the seven- day period ending on the Interest Determination Date pertaining to such Interest Reset Date on Telerate Page 122 (as defined below) as of 11:00 a.m., New York City time, on such Interest Determination Date; if such rate is not available on Telerate Page 122 for any Interest Determination Date, than the "Fed Funds Rates" for the related Interest Reset Date shall be the "Federal Funds (effective) Week Ending" rate applicable to such Interest Determination Date as published in Federal Reserve Statistical Release H.15(519); if such rate is not available on Telerate Page 122 or H.15(519) for any Interest Determination Date, than the rate shall be determined by the Calculation Agent based upon the arithmetic mean of the rates for the last transaction in overnight United States dollar Federal funds as of 9:00 a.m., New York City time, on such Interest Determination Date arranged by three leading brokers of Federal funds transactions in The City of New York selected by the Calculation Agent; provided, however, that if the brokers selected as aforesaid by the Calculation Agent are not quoting as set forth above, the Federal Funds Rate with respect to such Interest Determination Date shall be the Federal Funds Rate in effect on such Interest Determination Date. (Floating Rate Notes) Page 4 Pricing Supplement No. 2508 Dated September 8, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 "Telerate Page 122" means the display designated as "Page 122" on the Telerate Service (or such other page as may replace Page 122 on that service or such other service as may be nominated as the information vendor for the purpose of displaying Federal funds rates). Merrill Lynch Derivative Products shall act as Calculation Agent. Plan of Distribution: The Notes are being purchased by Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "Underwriter"), as principal, at 100% of the aggregate principal amount less an underwriting discount equal to 0.0368% of the principal amount of the Notes. The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.