0000040554-95-000238.txt : 19950817 0000040554-95-000238.hdr.sgml : 19950817 ACCESSION NUMBER: 0000040554-95-000238 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950816 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: 95564746 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 MTN2456 PROSPECTUS Pricing Supplement No. 2456 Dated January 10, 1995 Dated August 14, 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$25,000,000 Trade Date: August 14, 1995 Settlement Date (Original Issue Date):August 17, 1995 Maturity Date: August 17, 2007 (unless earlier redeemed as described under "Additional Terms--Optional Redemption" below.) Price to Public (Issue Price): 100.00% Agent's Discount or Commission: 2.00% Net Proceeds to Issuer (in Specified Currency): US$24,500,000 Interest: Interest Rate: The Notes will pay interest at the rate of 7.05% per annum for the period from the Original Issue Date up to but excluding the Interest Payment Date scheduled to occur on August 17, 1996; thereafter, the interest rate on the Notes will reset annually on each August 17 in accordance with the schedule set forth under "Additional Terms--Interest" below. Interest Payment Period: __ Annual X Semi-Annual __ Monthly __Quarterly Interest Payment Dates: Every February 17 and August 17, commencing February 17, 1996 up to and including the Maturity Date unless earlier redeemed. See "Additional Terms--Interest" below. Repayment, Redemption and Acceleration: Initial Redemption Date: August 17, 1996 (See "Additional Terms--Redemption" below) Initial Redemption Percentage: 100% Optional Repayment Date: Not applicable ("N/A") 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. 2456 Dated August 14, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 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 Additional Terms: Interest. Interest on the Notes will accrue from August 17, 1995 and will be payable in U.S. dollars semi-annually on February 17 and August 17, commencing February 17, 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 Page 3 Pricing Supplement No. 2456 Dated August 14, 1995 Rule 424(b)(3)-Registration Statement No. 33-55209 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 7.05% per annum from and including the Original Issue Date up to but excluding August 17, 1996. Thereafter, the interest rate will be subject to adjustment annually on each August 17 in accordance with the following schedule: Interest Period Interest Rate (per annum) August 17, 1996 to August 16, 1997 7.10% August 17, 1997 to August 16, 1998 7.15% August 17, 1998 to August 16, 1999 7.25% August 17, 1999 to August 16, 2000 7.40% August 17, 2000 to August 16, 2001 7.50% August 17, 2001 to August 16, 2002 7.60% August 17, 2002 to August 16, 2003 7.75% August 17, 2003 to August 16, 2004 7.85% August 17, 2004 to August 16, 2005 8.00% August 17, 2005 to August 16, 2006 8.25% August 17, 2006 to August 16, 2007 8.50% 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 17, 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. 2456 Dated August 14, 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated (hereinafter referred to as the "Underwriter") as principal at a purchase price of 100% of the aggregate principal amount of the Notes, less an underwriting discount equal to 2.00%. The Company has agreed to indemnify the Underwriter against and contribute toward certain liabilities, including liability under the Securities Act of 1933, as amended.