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Filed Pursuant to Rule 433 |
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Dated November 2, 2006 |
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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/Pricing Effective Time: |
November 2, 2006 |
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Settlement Date (Original Issue Date): |
November 10, 2006 |
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Maturity Date: |
November 10, 2011 |
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Principal Amount (in Specified Currency): |
JPY 65,000,000,000.00 |
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Equivalent Principal Amount in U.S. Dollars: |
US$555,798,824 (based on the exchange rate of JPY 1.00 = $0.008551) |
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Price to Public (Issue Price): |
99.986% |
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Agents Commission: |
0.250% |
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All-in Price: |
99.736% |
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Net Proceeds to Issuer (in Specified Currency): |
US$64,828,400,000 |
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Benchmark: |
JGB #234 (1.40% due September 20, 2011) |
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Benchmark Yield: |
1.18% (semi-annual) |
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Spread to Benchmark: |
Plus 0.273% |
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Re-Offer Yield: |
1.453% (semi-annual) |
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Net Proceeds to Issuer (in Specified Currency): |
JPY 64,828,400,000 |
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Page 2 |
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Filed Pursuant to Rule 433 |
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Dated November 2, 2006 |
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Registration Statement: No. 333-132807 |
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Interest Rate Per Annum: |
1.450% |
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Interest Payment Dates: |
Semi-annually on each May 10th and November 10th of each year, commencing on May 10, 2007 and ending on the Maturity Date. |
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Day Count Convention: |
30/360 |
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Denominations: |
Minimum of JPY 1,000,000. |
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Business Days: |
Tokyo, London, New York |
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Listing: |
Listed on the Official List of the UK Listing Authority and an application has been made for the Notes to be admitted to trading on the London Stock Exchanges Gilt Edged and Fixed Interest Market with effect on or after November 10, 2006 |
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Clearance and Settlement: |
Euroclear and Clearstream, Luxembourg only |
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CUSIP: |
N/A |
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ISIN: |
XS0274423580 |
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Common Code: |
27442358 |
Plan of Distribution:
The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters") in the aggregate principal amounts listed below, as principal, at 99.986% of the aggregate principal amount less an underwriting discount equal to 0.250% of the principal amount of the Notes.
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Page 3 |
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Filed Pursuant to Rule 433 |
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Dated November 2, 2006 |
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Registration Statement: No. 333-132807 |
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Institution |
Commitment |
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Lead Managers |
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Daiwa Securities SMBC Europe Limited |
JPY 31,750,000,000 |
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Mitsubishi UFJ Securities International |
JPY 31,750,000,000 |
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Co-Managers |
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Mizuho International plc |
JPY 500,000,000 |
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Citigroup Global Markets Limited |
JPY 500,000,000 |
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Nomura International plc |
JPY 500,000,000 |
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Total |
JPY 65,000,000,000 |
The Issuer has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
Additional Information:
At September 30, 2006, the Issuer had outstanding indebtedness totaling $398.803 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 September 30, 2006, excluding subordinated notes payable after one year, was equal to $394.061 billion.
Consolidated Ratio of Earnings to Fixed Charges
The information contained in the Prospectus dated March 29, 2006 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 ,
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Nine Months ended September 30, |
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2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
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1.56 |
1.62 |
1.71 |
1.82 |
1.66 |
1.62 |
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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 Issuer believes is a reasonable approximation of the interest factor of such rentals.
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Page 4 |
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Filed Pursuant to Rule 433 |
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Dated November 2, 2006 |
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Registration Statement: No. 333-132807 |
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT DATED MARCH 29, 2006 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 will arrange to send you the prospectus if you request it by calling Mitsubishi UFJ Securities International at + 44-20-7577 2800 or Investor Communications of the Issuer at 1-203-357-3950.