-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WdvxkPQmK9Y3Pt3av/MzE1642uJhzEAaAvot4tTvV2YGVHsn4g6OTXx1RsLKQUYJ MLlg6Ng1i+foh5AaaHZaDQ== 0000040554-99-000051.txt : 19990430 0000040554-99-000051.hdr.sgml : 19990430 ACCESSION NUMBER: 0000040554-99-000051 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CAPITAL CORP CENTRAL INDEX KEY: 0000040554 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 131500700 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-59707 FILM NUMBER: 99603995 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 PROSPECTUS Pricing Supplement No. 3354 and 3356 Dated January 10, 1995 Dated April 28, 1999 PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement No.333-59707 Dated January 25, 1995 GENERAL ELECTRIC CAPITAL CORPORATION GLOBAL MEDIUM-TERM NOTES, SERIES A (Floating Rate Notes) Trade Date: April 28, 1999 Settlement Date (Original Issue Date): May 3, 1999 Maturity Date: May 3, 2000 Principal Amount (in Specified Currency): USD1,149,000,000 Price to Public (Issue Price): 100% Agent's Discount or Commission: 0% Net Proceeds to Issuer (in Specified Currency): USD1,149,000,000 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 (See "Additional Terms - Interest" below) X LIBOR _ Prime Rate _ Treasury Rate _ Other (See "Additional Terms - Interest" below) Spread (Plus or Minus): minus 5 basis points Spread Multiplier: N/A Index Maturity: 3 Months Index Currency: U.S. Dollar Maximum Interest Rate: N/A Minimum Interest Rate: N/A Interest Payment Period: Quarterly Interest Payment Dates: August 3, 1999, November 3, 1999, February 3, 2000 and May 3, 2000. 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. 3354 and 3356 Dated April 28, 1999 Rule 424(b)(3)-Registration Statement No. 333-59707 Initial Interest Rate Per Annum: To be Determined two London Banking Days prior to the Original Issue Date."London Banking Day" means any day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London, England. Interest Reset Periods and Dates: Quarterly on each Interest Payment Date. Interest Determination Dates: Two London Banking 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. 3354 and 3356 Dated April 28, 1999 Rule 424(b)(3)-Registration Statement No. 333-59707 Additional Terms: Certain Covenants of the Company. As of August 1, 1996, the Company entered into a supplemental indenture with The Chase Manhattan Bank, as trustee (the "Trustee"), eliminating the covenants of the Company described in the Prospectus under the caption "Certain Covenants of the Company". Consequently, the information under such caption is not applicable to the Notes. As of February 27, 1997, the Company entered into a Third Amended and Restated Indenture with the Trustee. References in the accompanying Prospectus Supplement and Prospectus to "Indenture" shall be amended to refer to such Third Amended and Restated Indenture Additional Information: The Calculation Agent for the Notes will be GECC Capital Markets Group, Inc. General. At December 31, 1998, the Company had outstanding indebtedness totalling $165.602 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 December 31, 1998 excluding subordinated notes payable after one year was equal to $164.905 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: Year Ended December 31, 1994 1995 1996 1997 1998 1.63 1.51 1.53 1.48 1.50 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. (Floating Rate Notes) Page 4 Pricing Supplement No. 3354 and 3356 Dated April 28, 1999 Rule 424(b)(3)-Registration Statement No.333-59707 Documents Incorporated by Reference. The information contained in the Prospectus in the first paragraph of text under the caption "Documents Incorporated by Reference" is hereby amended in its entirety, as follows: There is hereby incorporated in the Prospectus by reference the Company's Annual Report on Form 10-K for the year ended December 31, 1998 heretofore filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, to which reference is hereby made. Plan of Distribution: GECC Capital Markets Group, Inc. is acting as agent in connection with the distribution of the Notes in the amounts set forth below. In such role, the Agent is not authorized to hold securities or funds on behalf of its customers. Therefore, purchasers will clear and settle directly with the issuer of the Notes. The Agent will receive a selling commission equal to 0% of the principal amount of the Notes. GECC Capital Markets Group, Inc. USD700,000,000 GECC Capital Markets Group, Inc. 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