-----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, UIb2j47Dgi9WUE2d6PT9gPlnD7PvfSuaX+TnqJvACxjQFMUn9RxF67t7Go/XUeht NgiErRpzHGvobCNTCXhAmg== 0000040554-96-000091.txt : 19960227 0000040554-96-000091.hdr.sgml : 19960227 ACCESSION NUMBER: 0000040554-96-000091 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960223 SROS: NYSE 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: 033-60723 FILM NUMBER: 96524746 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. 2793 Dated January 10, 1995 Dated February 21, 1996 PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement No. 33-60723 Dated January 25, 1995 GENERAL ELECTRIC CAPITAL CORPORATION GLOBAL MEDIUM-TERM NOTES, SERIES A (Redeemable Step Up Coupon Notes) Principal Amount: US$30,000,000 Trade Date: February 21, 1996 Settlement Date (Original Issue Date): February 26, 1996 Maturity Date: February 28, 2011 (unless earlier redeemed as described under "Additional Terms--Optional Redemption" below.) Price to Public (Issue Price): 100.00% Agent's Discount or Commission: 0.125% Net Proceeds to Issuer (in Specified Currency): US$29,962,500 Interest: Interest Rate: The Notes will pay interest at the rate of 6.75% per annum for the period from the Original Issue Date up to but excluding the Interest Payment Date scheduled to occur on February 26, 1997; thereafter, the interest rate on the Notes will reset annually on each February 26 in accordance with the schedule set forth under "Additional Terms--Interest" below. Interest Payment Period: __ Annual X Semi-Annual __ Monthly __ Quarterly Interest Payment Dates: August 26 and February 26 of each year, commencing August 26, 1996, up to and including the Maturity Date (with respect to the period from and including the preceding Interest Payment Date on August 26, 2010 to but excluding 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. 2793 Dated February 21, 1996 Rule 424(b)(3)-Registration Statement No. 33-60723 Repayment, Redemption and Acceleration: Initial Redemption Date: February 26, 1997 (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 Yield to Maturity: N/A Interest Accrual Date: 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. 2793 Dated February 21, 1996 Rule 424(b)(3)-Registration Statement No. 33-60723 Additional Terms: Interest. Interest on the Notes will accrue from February 26, 1996 and will be payable in U.S. dollars semi-annually on August 26 and February 26 of each year, commencing August 26, 1996 up to and including the Maturity Date (with respect to the period from and including the preceding Interest Payment Date on August 26, 2010 to but excluding 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 6.75% per annum from and including the Original Issue Date up to but excluding February 26, 1997. Thereafter, the interest rate will be subject to adjustment annually on each February 26 in accordance with the following schedule: Interest Period Interest Rate (per annum) February 26, 1997 to February 25, 1998 6.800% February 26, 1998 to February 25, 1999 6.850% February 26, 1999 to February 25, 2000 6.900% February 26, 2000 to February 25, 2001 6.950% February 26, 2001 to February 25, 2002 7.000% February 26, 2002 to February 25, 2003 7.050% February 26, 2003 to February 25, 2004 7.100% February 26, 2004 to February 25, 2005 7.150% February 26, 2005 to February 25, 2006 7.200% February 26, 2006 to February 25, 2007 7.250% February 26, 2007 to February 25, 2008 7.500% February 26, 2008 to February 25, 2009 7.750% February 26, 2009 to February 25, 2010 8.000% February 26, 2010 to February 27, 2011 8.250% Page 4 Pricing Supplement No. 2793 Dated February 21, 1996 Rule 424(b)(3)-Registration Statement No. 33-60723 Optional Redemption. The Company may at its option elect to redeem the Notes in whole on February 26, 1997 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. 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. Additional Terms: General At September 30, 1995, the Company had outstanding indebtedness totalling $100.241 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, 1995 excluding subordinated notes payable after one year was equal to $99.544 billion. Plan of Distribution: The Notes are being purchased by Goldman, Sachs & Co. (hereinafter referred to as the "Underwriter") as principal at a issue price of 100% of the aggregate principal amount of the Notes, less an underwriting discount equal to 0.125%. The Company has agreed to indemnify the Underwriter against and contribute toward certain liabilities, including liability under the Securities Act of 1933, as amended. -----END PRIVACY-ENHANCED MESSAGE-----