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PROSPECTUS |
Pricing Supplement No. 4192 |
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Dated May 17, 2005 |
Dated June 1, 2005 |
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PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
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Dated May 17, 2005 |
No. 333-123085 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
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Trade Date: |
June 1, 2005 |
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Settlement Date (Original Issue Date): |
June 6, 2005 |
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Maturity Date: |
June 15, 2012 |
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Principal Amount (in Specified Currency) |
US$ 500,000,000 |
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Price to Public (Issue Price): |
99.345% |
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Agent's Discount or Commission: |
0.350% |
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Net Proceeds to Issuer (in Specified Currency): |
US$ 494,975,000 |
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Interest Rate Per Annum: |
4.25% |
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Interest Payment Date(s): |
June 15 and December 15 of each year commencing December 15, 2005 (with respect to the period from and including June 6, 2005 to but excluding December 15, 2005) and ending on the Maturity Date. |
Clearance and Settlement:
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DTC Only |
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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) |
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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). |
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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.
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(Fixed Rate) |
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Page 2 |
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Pricing Supplement No. 4192 |
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Dated June 1, 2005 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-123085 |
CUSIP: 36962GR30
ISIN: US36962GR307
Common Code: 022171330
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
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(Fixed Rate) |
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Page 3 |
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Pricing Supplement No. 4192 |
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Dated June 1, 2005 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-123085 |
Listing:
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Listed on the Luxembourg Exchange |
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X |
Not Listed on the Luxembourg Exchange |
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Other Listing |
Additional Information:
General.
At March 31, 2005, the Company had outstanding indebtedness totaling $350.741 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, 2005, excluding subordinated notes payable after one year was equal to $349.921 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:
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Year Ended December 31, |
Three Months Ended March 31, 2005 |
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2000 |
2001 |
2002 |
2003 |
2004 |
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(Restated) |
(Restated) |
(Restated) |
(Restated) |
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1.52 |
1.73 |
1.66 |
1.86 |
1.89 |
1.74 |
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.
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(Fixed Rate) |
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Page 4 |
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Pricing Supplement No. 4192 |
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Dated June 1, 2005 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-123085 |
Plan of Distribution:
The Notes are being purchased by the following financial institutions in their respective amounts (collectively, the "Underwriters"), as principal, at 99.345% of the aggregate principal amount less an underwriting discount equal to 0.350% of the principal amount of the Notes.
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Institution Lead Managers: |
Commitment |
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Deutsche Bank DBSI |
$ 161,666,668 |
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Lehman Brothers Inc. |
161,666,666 |
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Morgan Stanley & Co. Incorporated |
161,666,666 |
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Co-Managers: |
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Blaylock & Partners, L.P. |
$ 5,000,000 |
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Loop Capital Markets, LLC |
5,000,000 |
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SBK-Brooks Investment Corp. |
5,000,000 |
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Total |
$ 500,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.