-----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,
Ao2VVAuL2vqjqi3tVCUpjpuizMJsH+5QbB+ZjJhtOP2fSYzU2HPFj3jMqZCu9Ioi
8puz4QYfur6uqcjjuPKsxw==
PROSPECTUS Pricing Supplement No. 4103 Dated June 17, 2004 Dated December 6, 2004 PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement Dated June 18, 2004 No. 333-114095 GENERAL ELECTRIC CAPITAL CORPORATION GLOBAL MEDIUM-TERM NOTES, SERIES A (Floating Rate Notes) Trade Date: December 6, 2004 Settlement Date (Original Issue Date): December 9, 2004 Maturity Date: December 8, 2006 Principal Amount (in Specified Currency) U.S.$ 1,000,000,000 Price to Public (Issue Price): 100.00% Agent's Discount or Commission: 0.100% Net Proceeds to Issuer (in Specified Currency): U.S.$ 999,000,000 Interest Rate: Interest Calculation: n
Regular Floating Rate Inverse Floating Rate Other Floating Rate Interest Rate Basis: Federal Funds Open Rate (See "Additional Terms-Interest" below) Index Currency: U.S. Dollars Spread (Plus or Minus) Plus 0.10% Index Maturity: Overnight Spread Multiplier: N/A Maximum Interest Rate: N/A Minimum Interest Rate: N/A Interest Payment Period: Quarterly Interest Payment Dates: Quarterly on each March 8th, June 8th, September 8th and December 8th of each year, commencing March 8, 2005. Initial Interest Rate: Determined as described herein. Interest Reset Periods and Dates: Daily, on each Business Day provided that the Federal Funds Open Rate in effect for any day that is not a Business Day shall be the Federal Funds Open rate in effect for the prior Business Day. Interest Determination Dates: On each Interest Reset Date. 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) Page 2 Pricing Supplement No. 4103 Rule 424(b)(3)-Registration Statement No.333-114095 Clearance and Settlement: ___ DTC Only. X DTC global (including through its indirect participants Euroclear and Clearstream, Luxembourg as described under "Global Clearance and Settlement Procedures" in the accompanying Prospectus Supplement). ___ DTC and Euroclear/Clearstream, Luxembourg (as described under "Description of Notes - General - Special Provisions Relating to Certain Foreign Currency Notes" in the accompanying Prospectus Supplement). ___ Euroclear and Clearstream, Luxembourg only. CUSIP No.: 36962GN26 ISIN: US36962GN264 Common Code: 020805544 Repayment, Redemption and Acceleration Optional Repayment Date(s): N/A Initial Redemption Date: N/A Initial Redemption Percentage: N/A Annual Redemption Percentage Reduction: N/A Modified Payment Upon Acceleration: N/A 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 (Floating Rate) Page 3 Pricing Supplement No. 4103 Dated December 6, 2004 Rule 424(b)(3)-Registration Statement No. 333-114095 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 Listing: ___ Listed on the Luxembourg Exchange _X_ Not listed on the Luxembourg Exchange Additional Information
General.
At September 30, 2004, the Company had outstanding indebtedness totaling $320.210 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, 2004, excluding subordinated notes payable after one year was equal to $319.393 billion.
Consolidated Ratio of Earnings 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, |
Nine Months Ended September 30, 2004 |
||||
1999 |
2000 |
2001 |
2002 |
2003 |
|
1.60 |
1.52 |
1.72 |
1.65 |
1.86 |
1.85 |
|
(Floating Rate) |
Page 4 |
|
Pricing Supplement No. 4103 |
|
Dated December 6, 2004 |
|
Rule 424(b)(3)-Registration Statement |
|
No. 333-114095 |
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.
Additional Terms:
Interest
The interest rate applicable to each Interest Reset Period will equal the Federal Funds Open Rate (as defined below) plus the Spread set forth above.
The "Federal Funds Open Rate" for an Interest Determination Date will be the rate for that day under the heading "Federal Funds" for the relevant Index Maturity and opposite the caption "Open" as such rate is displayed on Moneyline Telerate Page 5.
If on a Calculation Date for an Interest Period such rate for an Interest Determination Date in that Interest Period does not appear on Moneyline Telerate Page 5, the rate for the Interest Determination Date will be the rate for that day displayed on FFPREBON Index page on Bloomberg which is the Fed Funds Opening Rate as reported by Prebon Yamane (or a successor) on Bloomberg.
If on a Calculation Date for an Interest Period such rate for an Interest Determination Date in that Interest Period does not appear on Moneyline Telerate Page 5 or FFPREBON Index page on Bloomberg, the rate for such Interest Determination Date will be the arithmetic mean of the rates for the last transaction in overnight U.S. Dollar Federal Funds prior to 9.00 am, New York City time, on that day arranged by three brokers of Federal Funds transactions in New York City as selected by the Calculation Agent.
|
(Floating Rate) |
Page 5 |
|
Pricing Supplement No. 4103 |
|
Dated December 6, 2004 |
|
Rule 424(b)(3)-Registration Statement |
|
No. 333-114095 |
Plan of Distribution:
The Notes are being purchased by the following financial institutions in their respective amounts (collectively, the "Underwriters"), as principal, at 100.00% of the aggregate principal amount less an underwriting discount equal to 0.100% of the principal amount of the Notes.
Institution Lead Managers: |
Commitment |
Deutsche Bank Securities Inc. |
$313,333,334 |
HSBC Securities (USA) Inc. |
$313,333,333 |
Merrill Lynch, Pierce, Fenner & Smith Incorporated |
$313,333,333 |
Co-Managers: |
|
Blaylock & Partners, L.P. |
$ 20,000,000 |
The Williams Capital Group, L.P. |
$ 20,000,000 |
Toussaint Capital Partners, LLC |
$ 20,000,000 |
Total |
$1,000,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
-----END PRIVACY-ENHANCED MESSAGE-----