-----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, JnItns9Mh9zbZiAJHsRQABiSNG+8L60fl65HpL0w0WwU7+atT8pTAiyKBASXJ2ua oJjlVxTfU/mp9Kst6mkmGw== 0000930413-10-004801.txt : 20100915 0000930413-10-004801.hdr.sgml : 20100915 20100915172013 ACCESSION NUMBER: 0000930413-10-004801 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100915 DATE AS OF CHANGE: 20100915 SUBJECT COMPANY: 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: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-156929 FILM NUMBER: 101074490 BUSINESS ADDRESS: STREET 1: 3135 EASTON TURNPIKE CITY: FAIRFIELD STATE: CT ZIP: 06828-0001 BUSINESS PHONE: 203-373-2211 MAIL ADDRESS: STREET 1: 3135 EASTON TURNPIKE CITY: FAIRFIELD STATE: CT ZIP: 06828-0001 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL ELECTRIC CREDIT CORP DATE OF NAME CHANGE: 19871216 FILED BY: 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: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 3135 EASTON TURNPIKE CITY: FAIRFIELD STATE: CT ZIP: 06828-0001 BUSINESS PHONE: 203-373-2211 MAIL ADDRESS: STREET 1: 3135 EASTON TURNPIKE CITY: FAIRFIELD STATE: CT ZIP: 06828-0001 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL ELECTRIC CREDIT CORP DATE OF NAME CHANGE: 19871216 FWP 1 c62764_fwp.htm

 

Filed Pursuant to Rule 433

Dated September 13, 2010

Registration Statement No. 333-156929

GENERAL ELECTRIC CAPITAL CORPORATION

GLOBAL MEDIUM-TERM NOTES, SERIES A

(Senior Unsecured Fixed Rate Notes)

Investing in these notes involves risks. See "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2009 filed with the Securities and Exchange Commission.

 

Issuer:

General Electric Capital Corporation

Trade Date:

September 13, 2010

Settlement Date (Original Issue Date):

September 16, 2010

Maturity Date:

September 16, 2013

Principal Amount:

US $2,000,000,000

Price to Public (Issue Price):

99.849%

Agents Commission:

0.200%

All-in Price:

99.649%

Net Proceeds to Issuer:

US $1,992,980,000

Treasury Benchmark:

0.750% due September 15, 2013

Treasury Yield:

0.827%

Spread to Treasury Benchmark:

Plus 1.100%

Reoffer Yield:

1.927%

Interest Rate Per Annum:

1.875%

Interest Payment Dates:

Semi-annually on the 16th day of each March and September, commencing March 16, 2011 and ending on the Maturity Date

Day Count Convention:

30/360

Denominations:

Minimum of $1,000 with increments of $1,000 thereafter

 

 



 

 

Page 2

Filed Pursuant to Rule 433

Dated September 13, 2010

Registration Statement No. 333-156929

 

Call Notice Period:

None

Put Dates (if any):

None

Put Notice Period:

None

CUSIP:

36962G4Q4

ISIN:

US36962G4Q45

Common Code:

054306130

 

Plan of Distribution:

The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters"), as principal, at 99.849% of the aggregate principal amount less an underwriting discount equal to 0.200% of the principal amount of the Notes.

Institution

Lead Managers:

Commitment

Banc of America Securities LLC

$475,000,000

Barclays Capital Inc.

$475,000,000

Citigroup Global Markets Inc.

$475,000,000

Credit Suisse Securities (USA) LLC

$475,000,000

Co-Managers:

 

Blaylock Robert Van, LLC

$20,000,000

CastleOak Securities, L.P.

$20,000,000

Loop Capital Markets LLC

$20,000,000

Samuel A. Ramirez & Company, Inc.

$20,000,000

The Williams Capital Group, L.P.

$20,000,000

Total

$2,000,000,000

 

 

The Issuer has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

 



  

 

Page 3

Filed Pursuant to Rule 433

Dated September 13, 2010

Registration Statement No. 333-156929

Additional Information

General

At the quarter ended June 30, 2010, we had outstanding indebtedness totaling $405.714 billion, consisting of notes payable within one year, senior notes payable after one year and subordinated notes payable after one year, and excluding bank deposits and non-recourse borrowings of consolidated securitization entities. The total amount of outstanding indebtedness at June 30, 2010, excluding subordinated notes and debentures payable after one year, was equal to $396.650 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,

Six Months Ended

2005

2006

2007

2008

2009

June 30, 2010

1.66

1.63

1.56

1.24

0.85

1.08

 

 

For purposes of computing the consolidated ratio of earnings to fixed charges, earnings consist of net earnings adjusted for the provision for income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

Fixed charges consist of interest and discount on all indebtedness and one-third of rentals, which we believe is a reasonable approximation of the interest factor of such rentals.

As set forth above, GE Capital’s ratio of earnings to fixed charges increased to 1.08:1 in the first six months of 2010 due to higher pre-tax earnings at GECC, which were primarily driven by lower losses and delinquencies.

CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.

 

 

 



 

 

Page 4

Filed Pursuant to Rule 433

Dated September 13, 2010

Registration Statement No. 333-156929

The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting the SEC Web site at www.sec.gov. Alternatively, the Issuer or the underwriter participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC toll-free in the United States at 1-800-294-1322, Barclays Capital Inc. toll-free at 1-888-603-5847, Citigroup Global Markets Inc. at 1-877-858-5407, Credit Suisse Securities (USA) LLC at 1-800-221-1037 or Investor Communications of the Issuer at 1-203-357-3950.

 

 

 


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