-----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, UU6QNkdg0BapS5nq0RVqE1LlXkzI6PvRDY48YQSo4GFkb6LpqslRo0qeqZAuqpCo mWkdqEOeFY2ADL1/4LUuCg== 0000040554-98-000046.txt : 19980504 0000040554-98-000046.hdr.sgml : 19980504 ACCESSION NUMBER: 0000040554-98-000046 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980430 SROS: NYSE 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: 333-07469 FILM NUMBER: 98606395 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. 3113 Dated January 10, 1995 Dated April 29, 1998 PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement No. 333-07469 Dated January 25, 1995 GENERAL ELECTRIC CAPITAL CORPORATION GLOBAL MEDIUM-TERM NOTES, SERIES A (Floating Rate Notes) Trade Date: April 29, 1998 Settlement Date (Original Issue Date): May 4, 1998 Maturity Date: May 4, 1999 Principal Amount (in Specified Currency): US$400,000,000 Price to Public (Issue Price): 100.00% Agent's Discount or Commission: 0.075% Net Proceeds to Issuer (in Specified Currency): US$399,700,000 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) LIBOR X Prime Rate Treasury Rate Other (See "Additional Terms - Interest" below) Spread (Plus or Minus): minus 2.89% Spread Multiplier: N/A Index Maturity: N/A Index Currency: N/A Maximum Interest Rate: N/A Minimum Interest Rate: N/A Interest Payment Period: Quarterly Interest Payment Dates: Every February 4, May 4, August 4 and November 4, commencing August 4, 1998 and on the Maturity Date (with respect to the period from and including February 4, 1999 to but excluding May 4, 1999) 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. 3113 Dated April 29, 1998 Rule 424(b)(3)-Registration Statement No. 333-07469 Initial Interest Rate Per Annum: To be determined two Business Days prior to the Original Issue Date Interest Reset Periods and Dates: Daily, on each Business Day Interest Determination Dates: Two Business 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. 3113 Dated April 29, 1998 Rule 424(b)(3)-Registration Statement No. 333-07469 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: General. At December 31, 1997, the Company had outstanding indebtedness totaling $136.814 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, 1997 excluding subordinated notes payable after one year was equal to $136.117 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, 1993 1994 1995 1996 1997 1.62 1.63 1.51 1.53 1.48 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. 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, 1997, heretofore filed with the Securities and Exchange Commission pursuant to the 1934 Act to which reference is hereby made. (Floating Rate Notes) Page 3 Pricing Supplement No. 3113 Dated April 29, 1998 Rule 424(b)(3)-Registration Statement No. 333-07469 Prime Rate: "Prime Rate" means, with respect to any Interest Determination Date, the rate as published by the Board of Governors of the Federal Reserve System in "Statistical Release H.15(519), Selected Interest Rates", or any successor publication ("H.15(519))" set forth in the H.15(519) for that day under the heading "Bank Prime Loan". If prior to 3:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date such rate is not yet published in the H.15(519), the rate for that Interest Determination Date will be the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen US Prime 1 Page (as defined below) as such bank's prime rate or base lending rate as in effect for that Interest Determination Date. If fewer than four such rates appear on the Reuters Screen US Prime 1 Page for that Interest Determination Date, the Prime Rate will be the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of days in the year divided by a 360 day year as of the close of business on such Interest Determination Date by three major money center banks in New York City selected by the Calculation Agent and shall be determined as the arithmetic mean of the prime rates so quoted; provided, however, that if fewer than three banks selected as aforesaid by the Calculation Agent are quoting as mentioned in this sentence, the Prime Rate will continue to be the Prime Rate in effect on such Interest Determination Date. "Reuters Screen US Prime 1 Page" means the display page designated as "US Prime 1" on the Reuters Monitor Money Rates Service (or such other page as may replace the US Prime 1 Page on that service for the purpose of displaying prime rates or base lending rates of major United States banks). Plan of Distribution: The Notes are being purchased by Lehman Brothers Inc. (the "Underwriter"), as principal, at the Price to Public set forth on the cover page hereof less an underwriting discount equal to 0.075% of the principal amount of the Notes. -----END PRIVACY-ENHANCED MESSAGE-----