|
PROSPECTUS |
Pricing Supplement No. 4074 |
|
Dated June 17, 2004 |
Dated September 24, 2004 |
|
PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
|
Dated June 18, 2004 |
No.s 333-100527 and 333-114095 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
|
Trade Date: |
September 24, 2004 |
|
Settlement Date (Original Issue Date): |
September 29, 2004 |
|
Maturity Date: |
September 15, 2014 |
|
Principal Amount (in Specified Currency) |
U.S.$ 250,000,000 |
|
Price to Public (Issue Price): |
100.044100.035% |
|
Agent's Discount or Commission: |
0.400% |
|
Net Proceeds to Issuer (in Specified Currency): |
U.S.$ 249,087266,510.83,500000,000 (plus accrued interest from September 1417, 2004) |
|
Interest Rate:
Interest Calculation: n Regular Floating Rate Inverse Floating Rate Other Floating Rate |
|
|
Interest Rate Basis: |
LIBOR |
|
Index Currency: |
U.S. Dollars |
|
Spread (Plus or Minus) |
Plus 0.26% |
|
Index Maturity: |
Three Months |
|
Spread Multiplier: |
N/A |
|
Index Maturity: |
Quarterly |
|
Maximum Interest Rate: |
N/A |
|
Minimum Interest Rate: |
N/A |
|
Interest Payment Period: |
Quarterly |
|
Interest Payment Dates: |
Quarterly on each March 15th, June 15th, September 15th and December 15th of each year, commencing December 15, 2004. |
|
Initial Interest Rate: |
To be determined two London Business Days prior to the Original Issue Date based on three month USD LIBOR plus 26 basis points. |
|
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. |
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.
|
|
(Floating Rate) |
|
|
Page 2 |
|
|
Pricing Supplement No. 4074 |
|
|
Dated September 24, 2004 |
|
|
Rule 424(b)(3)-Registration Statement |
|
|
No.s 333-100527 and 333-114095 |
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. |
CUSIP No.: 36962GK94
ISIN: US36962GK948
Common Code: 020149493
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
|
|
(Floating Rate) |
|
|
Page 3 |
|
|
Pricing Supplement No. 4074 |
|
|
Dated September 24, 2004 Amended |
|
|
September 16, 2004 |
|
|
Rule 424(b)(3)-Registration Statement |
|
|
No.s 333-100527 and 333-114095 |
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
Listing:
___ Listed on the Luxembourg Exchange
_X_ Not listed on the Luxembourg Exchange
Reopening of Issue:
The Notes are intended to be fully fungible and be consolidated and form a single issue for all purposes with the company's issue of US$ 750,000,000 Floating Rate Notes due September 15, 2014 as described in the company's pricing supplement number 4063 dated September 14, 2004, and amended September 16, 2004.
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.
|
|
(Floating Rate) |
|
|
Page 4 |
|
|
Pricing Supplement No. 4074 |
|
|
Dated September 24, 2004 Amended |
|
|
September 16, 2004 |
|
|
Rule 424(b)(3)-Registration Statement |
|
|
No.s 333-100527 and 333-114095 |
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.
Plan of Distribution:
The Notes are being purchased by Morgan Stanley & Co. Incorporated (the "Underwriter"), as principal, at 100.035% of the aggregate principal amount less an underwriting discount equal to 0.400% of the principal amount of the Notes.
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.