PROSPECTUS	Pricing Supplement No. 4214
Dated May 17, 2005	Dated July 18, 2005
PROSPECTUS SUPPLEMENT	Rule 424(b)(3)-Registration Statement
Dated May 17, 2005	No. 333-123085

 

 

GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Redeemable Fixed Rate Step-Up Coupon Notes)

Trade Date:	July 18, 2005
Settlement Date (Original Issue Date):	July 29, 2005
Maturity Date:	July 29, 2020 (unless earlier redeemed as described under "Additional Terms Optional Redemption" below).
Principal Amount (in Specified Currency):	US$ 25,000,000
Price to Public (Issue Price):	100.00%
Agent's Discount or Commission:	0.00%
Net Proceeds to Issuer:	US$ 25,000,000
Interest Rate Per Annum:	The Notes will bear interest at a fixed rate unless as otherwise specified hereunder. The Notes will pay interest at the rate of 4.75% per annum for the period from and including the Original Issue Date up to but excluding the Interest Payment Date scheduled to occur on July 29, 2010. The interest rate on the Notes will reset on July 29, 2010 and on certain dates thereafter, in accordance with the schedule set forth below. Interest on the Notes will accrue on the basis of a 360-day year of twelve 30-day months.

 

 

 

 

 

 

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.

 

	(Redeemable Fixed Rate)
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Interest Payment Period:	Semi-Annually
Interest Payment Date(s):	Semi-Annually on each January 29 and July 29 of each year, commencing January 29, 2006 and ending on the Maturity Date, unless earlier redeemed. See "Additional Terms Interest" below.

Clearance and Settlement:

X		DTC Only
		DTC global (including through its indirect participants Euroclear and Clearstream, Luxembourg as described under "Global Clearance and Settlement Procedures" in the accompanying Prospectus Supplement)
		DTC and Euroclear/Clearstream, Luxembourg (as described under "Description of Notes - General - Special Provisions Relating to Certain Foreign Currency Notes" in the accompanying Prospectus Supplement).
		Euroclear and Clearstream, Luxembourg only

CUSIP No.: 36962GR97

Repayment, Redemption and Acceleration

Initial Redemption Date:	July 29, 2009 (See "Additional Terms Optional Redemption" below)
Initial Redemption Percentage	100.00%
Optional Repayment Date(s):	N/A
Annual Redemption Percentage Reduction:	N/A
Modified Payment Upon Acceleration:	N/A

 

	(Redeemable Fixed Rate)
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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

Option Value Calculation Agent: N/A

Option Election Date(s): N/A

Indexed Notes:

Currency Base Rate: N/A

Determination Agent: N/A

Listing:

		Listed on the Luxembourg Exchange
X		Not Listed on the Luxembourg Exchange

Additional Terms: Interest:

Interest on the Notes will accrue from and including July 29, 2005 and will be payable in U.S. Dollars semi-annually on each January 29 and July 29, commencing on January 29, 2006 and ending on the Maturity Date or date of earlier redemption (each, an "Interest Payment Date"). Thereafter, 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, date of earlier redemption or the Maturity Date falls on a day other than a Business Day, principal and/or 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, date of earlier redemption or Maturity Date to such next succeeding Business Day. The interest rate on the Notes will be equal to 4.75% per annum from and including the Original Issue Date up to but excluding July 29, 2010.

 

	(Redeemable Fixed Rate)
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On July 29, 2010, and on the Interest Payment Dates set forth in the schedule below, the interest rate on the Notes will be reset. The applicable interest per annum with respect to each Interest Period set forth below, will be in effect from and including the first day of each Interest Period, to and including the last day of such Interest Period:

Interest Period:	Interest Rate:
July 29, 2005 to July 28, 2010	4.75% per annum
July 29, 2010 to July 28, 2015	5.375% per annum
July 29, 2015 to but excluding July 29, 2020	6.00% per annum

Optional Redemption:

The Company may at its option elect to redeem the Notes in whole on July 29, 2009 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. 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 Optional 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 Information:

General.

At March 31, 2005, the Company had outstanding indebtedness totaling $350.741 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, 2005, excluding subordinated notes payable after one year was equal to $349.921 billion.

 

 

 

 

	(Redeemable Fixed Rate)
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	Pricing Supplement No. 4214
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	Rule 424(b)(3)-Registration Statement
	No. 333-123085

 

 

 

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,			Three Months Ended March 31, 2005
2000	2001	2002	2003	2004
	(Restated)	(Restated)	(Restated)	(Restated)
1.52	1.73	1.66	1.86	1.89	1.74

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.

Plan of Distribution:

The Notes are being purchased by Citigroup Global Markets Inc. (the "Underwriter"), as principal, at the Issue Price of 100.00% of the aggregate principal amount. The Underwriter has advised the Company that the Underwriter proposes to offer the Notes for sale at the Price to Public referenced above.

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