CALCULATION OF REGISTRATION FEE
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Unsecured Notes |
$350,000,000 |
$13,755.00 |
|
PROSPECTUS Dated March 29, 2006 |
Pricing Supplement Number: 4810 Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT Dated March 29, 2006 |
Dated May 2, 2008 Registration Statement: No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured Fixed Rate Notes)
|
Issuer: |
General Electric Capital Corporation |
|
Ratings: |
Aaa/AAA |
|
Trade Date: |
May 2, 2008 |
|
Settlement Date (Original Issue Date): |
May 7, 2008 |
|
Maturity Date: |
January 14, 2038 |
|
Principal Amount: |
US $ 350,000,000 |
|
Price to Public (Issue Price): |
95.019% (plus accrued interest from and including January 14, 2008 to but excluding May 7, 2008) |
|
Agents Commission: |
0.500% |
|
All-in Price: |
94.519% |
|
Accrued Interest: |
US $ 6,454,340.28 |
|
Net Proceeds to Issuer: |
$337,270,840.28 |
|
Treasury Benchmark: |
5.000% due May 15, 2037 |
|
Treasury Yield: |
4.525% |
|
Spread to Treasury Benchmark: |
1.720% |
|
Reoffer Yield: |
6.245% |
|
Interest Rate Per Annum: |
5.875% |
|
Interest Payment Dates: |
Semi-annually on the 14th of each July and January, commencing July 14, 2008 and ending on the Maturity Date |
|
Page 2 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated May 2, 2008 |
|
Registration Statement: No. 333-132807 |
|
Day Count Convention: |
30/360 |
|
Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter. |
|
Call Notice Period: |
None |
|
Put Dates (if any): |
None |
|
Put Notice Period: |
None |
|
CUSIP: |
36962G3P7 |
|
ISIN: |
US36962G3P70 |
|
Common Code: |
033997728 |
Investing in the Notes involves risks. See "Risk of Foreign Currency Notes and Indexed Notes" on page 2 of the accompanying prospectus supplement and "Risk Factors" on page 2 of the accompanying prospectus.
Plan of Distribution:
The Notes are being purchased by the underwriter listed below (the "Underwriter"), as principal, at 95.019% of the aggregate principal amount less an underwriting discount equal to 0.50% of the principal amount of the Notes.
|
Institution Lead Manager: |
Commitment |
|
Lehman Brothers Inc. |
$ 350,000,000 |
|
Total |
$ 350,000,000 |
The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
|
Page 3 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated May 2, 2008 |
|
Registration Statement: No. 333-132807 |
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 Issuer,s issue of US $ 6,000,000,000 principal amount of Fixed Rate Notes due January 14, 2038 as described in the Issuer,s pricing supplement number 4708 dated January 8, 2008 and the Issuer,s pricing supplement number 4798 dated April 16, 2008, as amended May 1, 2008.
General
At March 31, 2008, the Company had outstanding indebtedness totaling $530.80 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:
|
Year Ended December 31 , |
Quarter Ended March 31, 2008 |
||||
|
2003 |
2004 |
2005 |
2006 |
2007 |
|
|
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.
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.