PROSPECTUS

Pricing Supplement No. 4062

Dated June 17, 2004

Dated September 14, 2004

PROSPECTUS SUPPLEMENT

Rule 424(b)(3)-Registration Statement

Dated June 18, 2004

Nos. 333-100527 and 333-114095

 

 

GENERAL ELECTRIC CAPITAL CORPORATION

GLOBAL MEDIUM-TERM NOTES, SERIES A

(Fixed Rate Notes)

 

 

Trade Date:

September 14, 2004

Settlement Date (Original Issue Date):

September 17, 2004

Maturity Date:

September 15, 2014

Principal Amount (in Specified Currency)

US$ 1,250,000,000

Price to Public (Issue Price):

99.364%

Agent's Discount or Commission:

0.400%

Net Proceeds to Issuer (in Specified Currency):

US$ 1,237,050,000

Interest Rate Per Annum:

4.75%

Interest Payment Date(s):

March 15 and September 15 of each year commencing March 15, 2005 (with respect to the period from and including September 17, 2004 to but excluding March 15, 2005) and ending on the Maturity Date.

 

Clearance and Settlement:

   

DTC Only
     

X

  

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

 

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.

 

 

(Fixed Rate)
 

Page 2
 

Pricing Supplement No. 4062
 

Dated September 14, 2004

 

Rule 424(b)(3)-Registration Statement
 

Nos. 333-100527 and 333-114095

CUSIP: 36962GK86

ISIN: US36962GK864

Common Code: 020157216

Repayment, Redemption and Acceleration


Optional Repayment Date(s): N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A

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

 

(Fixed Rate)
 

Page 3
 

Pricing Supplement No. 4062
 

Dated September 14, 2004

 

Rule 424(b)(3)-Registration Statement
 

Nos. 333-100527 and 333-114095

Listing:
   

Listed on the Luxembourg Exchange

X

  

Not Listed on the Luxembourg Exchange
   

Other Listing

Additional Information:

General.


At June 30, 2004, the Company had outstanding indebtedness totaling $316.226 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, 2004, excluding subordinated notes payable after one year was equal to $315.333 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,

 

Six Months Ended June 30, 2004

1999

2000

2001

2002

2003

  

1.60

1.52

1.72

1.65

1.86

1.73
           

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.

 

 

(Fixed Rate)
 

Page 4
 

Pricing Supplement No. 4062
 

Dated September 14, 2004

 

Rule 424(b)(3)-Registration Statement
 

Nos. 333-100527 and 333-114095

 

Plan of Distribution:

The Notes are being purchased by the following financial institutions in their respective amounts (collectively, the "Underwriters"), as principal, at 99.364% of the aggregate principal amount less an underwriting discount equal to 0.400% of the principal amount of the Notes.

Institution

Lead Managers:

Commitment

Goldman, Sachs & Co.

$404,170,000

Citigroup Global Markets Inc.

$404,165,000

Morgan Stanley & Co. Incorporated

$404,165,000

Co-Managers:

 

Blaylock & Partners, L.P.

$12,500,000

Loop Capital Markets, LLC

$12,500,000

The Williams Capital Group, L.P.

$12,500,000

Total

$1,250,000,000

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