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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured Floating Rate Notes)
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Issuer: |
General Electric Capital Corporation |
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Ratings: |
Aaa/AAA |
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Trade Date: |
June 4, 2008 |
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Settlement Date (Original Issue Date): |
June 9, 2008 |
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Maturity Date: |
June 9, 2010 |
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Principal Amount: |
US$ 1,000,000,000 |
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Price to Public (Issue Price): |
100.00% |
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Underwriters Commission: |
0.06% |
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All-In Price: |
99.94% |
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Net Proceeds to Issuer |
US$ 999,400,000 |
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Interest Rate Basis: |
LIBOR, as determined by Reuters |
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Index Currency: |
U.S. Dollars |
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Coupon: |
Plus 40 basis points |
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Index Maturity: |
Three Months |
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Index Payment Period: |
Quarterly |
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Interest Payment Dates: |
Quarterly on each March 9, June 9, September 9, and December 9, commencing September 9, 2008 and ending on the Maturity Date |
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Initial Interest Rate: |
To be determined two London Business days prior to the Original Issue Date |
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Interest Reset Periods and Dates: |
Quarterly on each Interest Payment Date |
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Interest Determination Dates: |
Quarterly, two London Business Days prior to each Interest Reset Date |
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Day Count Convention: |
Actual/360 |
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Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter |
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Call Dates (if any): |
N/A |
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Call Notice Period: |
N/A |
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Put Dates (if any): |
N/A |
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Put Notice Period: |
N/A |
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CUSIP: |
36962G3X0 |
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Page 2 |
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Filed Pursuant to Rule 433 |
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Dated June 4, 2008 |
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Registration Statement: No. 333-132807 |
Plan of Distribution:
The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters"), as principal, at 100.00% of the aggregate principal amount less an underwriting discount equal to 0.06% of the principal amount of the Notes.
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Institution Lead Manager: |
Commitment |
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Goldman, Sachs & Co. |
$ 250,000,000 |
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JP Morgan Securities Inc. |
$ 250,000,000 |
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Merrill Lynch, Pierce, Fenner & Smith Incorporated |
$ 250,000,000 |
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Morgan Stanley & Co. Incorporated |
$ 250,000,000 |
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Total |
$ 1,000,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
Additional Information:
General
At March 31, 2008, the Company had outstanding indebtedness totaling $530.57 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 March 31, 2008, excluding subordinated notes payable after one year, was equal to $519.13 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:
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Year Ended December 31, |
Quarter Ended March 31, 2008 |
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2003 |
2004 |
2005 |
2006 |
2007 |
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1.73 |
1.83 |
1.67 |
1.63 |
1.56 |
1.41 |
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.
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Page 3 |
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Filed Pursuant to Rule 433 |
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Dated June 4, 2008 |
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Registration Statement: No. 333-132807 |
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.
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 underwriters participating in the offering will arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co. toll-free at 1-866-471-2526, JPMorgan Securities Inc. at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-866-500-5408, Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649 or Investor Communications of the issuer at 1-203-357-3950.