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Dated September 10, 2007 |
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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 Fixed Rate Notes)
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Issuer: |
General Electric Capital Corporation |
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Ratings: |
Aaa/AAA |
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Trade Date: |
September 10, 2007 |
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Settlement Date (Original Issue Date): |
September 13, 2007 |
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Maturity Date: |
April 28, 2011 |
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Interest Rate: |
5.50 % |
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Principal Amount: |
US$50,000,000.00 |
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Price to Public (Issue Price): |
101.715% |
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Agents Commission: |
0.12% |
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All-in Price: |
101.595% |
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Net Proceeds to Issuer: |
$51,828,750.00 (including Accrued Interest) |
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Accrued Interest: |
$1,031,250.00 |
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Benchmark: |
4.50% US Treasury Note due May 15, 2010 |
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Spread to Benchmark: |
Plus 1.109% |
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Interest Payment Dates: |
Semi-Annually on April 28th and October 28th, commencing October 28, 2007 and ending on the maturity date. |
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Day Count Convention: |
30/360 |
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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: |
36962GW59 |
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Dated September 10, 2007 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
Plan of Distribution:
The Notes are being purchased by CastleOak Securities, L.P.. (the "Underwriter"), as principal, at 101.715% of the aggregate principal amount less an underwriting discount equal to 0.12% of the principal amount of the Notes.
The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
Additional Information:
Reopening of Issue:
The Notes are intended to be fully fungible and be consolidated and form a single issue for all purposes with the Issuers issue of US$1,250,000,000 principal amount of Fixed Rate Notes due April 28, 2011 as described in the Issuers pricing supplement number 4341 dated April 25, 2006.
General
At June 30, 2007, the Company had outstanding indebtedness totaling $461.381 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 June 30, 2007, excluding subordinated notes payable after one year, was equal to $456.421 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 , |
Six Months Ended |
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2002 |
2003 |
2004 |
2005 |
2006 |
June 30, 2007 |
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1.43 |
1.77 |
1.87 |
1.70 |
1.64 |
1.44 |
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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Dated September 10, 2007 |
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Filed Pursuant to Rule 433 |
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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 underwriter participating in the offering will arrange to send you the prospectus if you request it by calling CastleOak LLP. at 1-212-829-4879 or Investor Communications of the issuer at 1-203-357-3950.