0000040554-95-000225.txt : 19950809 0000040554-95-000225.hdr.sgml : 19950809 ACCESSION NUMBER: 0000040554-95-000225 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950808 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: 95559667 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 MTN2445 PROSPECTUS Pricing Supplement No. 2445 Dated January 10, 1995 Dated August 4, 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 (Redeemable Step Up Coupon Notes) Principal Amount: US$40,000,000 Trade Date: August 4, 1995 Settlement Date (Original Issue Date): August 9, 1995 Maturity Date: August 9, 2005 (unless earlier redeemed as described under "Additional Terms--Optional Redemption" below.) Price to Public (Issue Price): The Notes will be sold at varying prices to be determined by the Underwriter at the time of each sale. See "Plan of Distribution" below. Agent's Discount or Commission: The Notes are being purchased by the Underwriter at 100% of their principal amount and will be sold at varying prices to be determined at the time of sale. For further information with respect to the plan of distribution and any discounts, commissions or profits on resales of Notes that may be deemed underwriting discounts or commissions, see "Plan of Distribution" below. Net Proceeds to Issuer (in Specified Currency): US$40,000,000 Interest: Interest Rate: The Notes will pay interest at the rate of 7.00% per annum for the period from the original issue date up to but excluding the second Interest Payment Date scheduled to occur on August 9, 1996; thereafter, the interest rate on the Notes will reset annually on each August 9 in accordance with the schedule set forth under "Additional Terms--Interest" below. Interest Payment Period: __ Annual X Semi-Annual __ Monthly __ Quarterly Interest Payment Dates: Each August 9 and February 9, commencing on February 9, 1996 up to and including the Maturity Date unless earlier redeemed. See "Additional Terms--Interest" below. POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS DATED JANUARY 10, 1995 AND PROSPECTUS SUPPLEMENT DATED JANUARY 25, 1995. SEE "CERTAIN INVESTMENT CONSIDERATIONS" HEREIN. 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 Page 2 Pricing Supplement No. 2445 Dated August 4, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Repayment, Redemption and Acceleration: Initial Redemption Date: August 9, 1996 (See "Additional Terms--Redemption" below) Initial Redemption Percentage: 100% Optional Repayment Date: Not applicable ("N/A") Form of Notes: X DTC registered __ non-DTC registered The Notes will be available in denominations of $1,000 and increments of $1,000 in excess thereof. 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 Page 3 Pricing Supplement No. 2445 Dated August 4, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Additional Terms: Interest. Interest on the Notes will accrue from August 9, 1995 and will be payable in U.S. dollars semiannually on each August 9 and February 9, commencing February 9, 1996 up to and including the Maturity Date or date of earlier redemption (each, an "Interest Payment Date"). Interest will accrue from and including each Interest Payment Date to but excluding the next succeeding Interest Payment Date. In the event an Interest Payment Date falls on a day other than a Business Day, interest will be paid on the next succeeding Business Day and no interest on such payment shall accrue for the period from and after such Interest Payment Date to such next succeeding Business Day. The interest rate on the Notes will be equal to 7.00% per annum from and including the Original Issue Date up to but excluding August 9, 1996. Thereafter, the interest rate will be subject to adjustment annually on each August 9 in accordance with the following schedule: Interest Period Interest Rate (per annum) August 9, 1996 to August 8, 1997 7.05% August 9, 1997 to August 8, 1998 7.10% August 9, 1998 to August 8, 1999 7.15% August 9, 1999 to August 8, 2000 7.20% August 9, 2000 to August 8, 2001 7.25% August 9, 2001 to August 8, 2002 7.30% August 9, 2002 to August 8, 2003 7.50% August 9, 2003 to August 8, 2004 7.75% August 9, 2004 to August 8, 2005 8.00% The amount of interest payable on each Interest Payment Date will be computed on the basis of a 360 day year consisting of twelve (12) thirty (30) day months. Optional Redemption. The Company may at its option elect to redeem the Notes in whole or in part on August 9, 1996 or on any Interest Payment Date thereafter (each such date, an "Optional Redemption Date") at 100% of their principal amount plus accrued interest to but excluding the date of redemption (the "Redemption Date"). In the event the Company elects to redeem the Notes, notice will be given to registered holders not more than 60 nor less than 30 days prior to the Redemption Date. Page 4 Pricing Supplement No. 2445 Dated August 4, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 Certain Investment Considerations: Prospective purchasers of the Notes should be aware that the Notes will pay interest at different fixed rates each year through the Maturity Date unless earlier redeemed by the Company. Prospective purchasers should also be aware that the Company has the option to redeem the Notes on any Optional Redemption Date and will be likely to elect to redeem the Notes in the event prevailing market interest rates are lower than the then-current interest rate on the Notes. Plan of Distribution: The Notes are being purchased by Salomon Brothers Inc (hereinafter referred to as the "Underwriter") as principal at a purchase price of 100% of the aggregate principal amount of the Notes. The net proceeds to the Corporation will be 100% of the principal amount of the Notes. The Underwriter has advised the Company that the Underwriter proposed to offer the Notes from time to time for sale in negotiated transactions or otherwise, at prices determined at the time of sale. The Underwriter may effect such transactions by selling Notes to or through dealers and such dealers may receive compensation in the form of underwriting discounts, concessions or commissions from the Underwriter and any purchasers of Notes (which may include other dealers) for whom they may act as agent. The Underwriter and any dealers that participate with the Underwriter or other dealers in the distribution of the Notes may be deemed to be underwriters, and any discounts or commission received by them and any profit on the resale of Notes by them may be deemed to be underwriting compensation. The Company has agreed to indemnify the Underwriter against and contribute toward certain liabilities, including liability under the Securities Act of 1933, as amended.