CALCULATION OF REGISTRATION FEE
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Unsecured Notes |
$87,000,000 |
$3,419.10 |
|
PROSPECTUS Dated March 29, 2006 |
Pricing Supplement Number: 4864 Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT Dated March 29, 2006 |
Dated September10, 2008 Registration Statement: No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured Floating Rate Notes)
|
Issuer: |
General Electric Capital Corporation |
|
Ratings: |
Aaa/AAA |
|
Trade Date: |
September 10, 2008 |
|
Settlement Date (Original Issue Date): |
September 23, 2008 |
|
Maturity Date: |
September 23, 2013 |
|
Principal Amount: |
US$87,000,000 |
|
Price to Public (Issue Price): |
98.963% |
|
Agents Commission: |
0.15% |
|
All-in Price: |
98.813 |
|
Net Proceeds to Issuer: |
US$85,967,310 |
|
Interest Rate Basis: |
LIBOR, as determined by Reuters |
|
Index Currency: |
U.S. Dollars |
|
Coupon: |
3 Month Libor + 100 basis points |
|
Reoffer Spread: |
3 Month Libor +123 basis points |
|
Index Maturity: |
Three Months |
|
Index Payment Period: |
Quarterly |
|
Interest Payment Dates: |
Quarterly on each March 23, June 23, September 23, and December 23, commencing December 23, 2008 and ending on the Maturity Date. |
|
Initial Interest Rate: |
To be determined two London Business days prior to the Original Issue Date |
|
Interest Reset Periods and Dates: |
Quarterly on each Interest Payment Date |
|
Interest Determination Dates: |
Quarterly, two London Business Days prior to each Interest Reset Date |
|
Page 2 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated September 10, 2008 |
|
Registration Statement: No. 333-132807 |
|
Day Count Convention: |
Actual/360, Modified following |
|
Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter |
|
Call Dates (if any): |
N/A |
|
Call Notice Period: |
N/A |
|
Put Dates (if any): |
N/A |
|
Put Notice Period: |
N/A |
|
CUSIP: |
36962G3Z5 |
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 CastleOak Securities, L.P. (the "Underwriter"), as principal, at 98.963% of the aggregate principal amount less an underwriting discount equal to 0.15% 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:
General
At June 30, 2008, the Company had outstanding indebtedness totaling $539.759 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, 2008, excluding subordinated notes payable after one year, was equal to $528.548 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:
|
Page 3 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated September 10, 2008 |
|
Registration Statement: No. 333-132807 |
Year Ended December 31 , |
Six Months ended June 30, |
|||||
|
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
|
|
1.73 |
1.83 |
1.67 |
1.63 |
1.56 |
1.43 |
|
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.