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Dated January 26, 2006 |
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Filed Pursuant to Rule 433 |
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No. 333-123085 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
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Issuer: |
General Electric Capital Corporation |
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Ratings: |
Aaa/AAA |
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Trade Date/Pricing Effective Time: |
January 26, 2006 |
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Settlement Date (Original Issue Date): |
January 30, 2006 |
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Maturity Date: |
April 28, 2009 |
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Principal Amount: |
US$200,000,000 |
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Price to Public (Issue Price): |
100.00% |
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Agents Commission: |
0.00% |
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All-in Price: |
100.00% |
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Net Proceeds to Issuer: |
US$200,000,000 |
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Interest Rate Basis (Benchmark): |
Federal Funds Open |
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Index Currency: |
U.S. Dollars |
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Spread (Plus or Minus): |
Plus 0.155% |
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Index Maturity: |
Overnight |
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Index Payment Period: |
Quarterly |
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Interest Payment Dates: |
Quarterly on each January 28, April 28, July 28 and October 28 of each year, commencing April 28, 2006 and ending on the Maturity Date |
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Initial Interest Rate: |
As described in "Additional Terms-Interest" below |
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Interest Reset Periods and Dates: |
Daily, on each Business Day provided that the Federal Funds Open Rate in effect for any day that is not a Business Day shall be the Federal Funds open Rate in effect for the prior Business Day |
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Page 2 |
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Dated January 26, 2006 |
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Filed Pursuant to Rule 433 |
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No. 333-123085 |
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Interest Determination Dates: |
On Each Interest Reset Date |
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Day Count Convention: |
Actual/360 |
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Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter. |
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Call Dates (if any): |
None |
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Call Notice Period: |
None |
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Put Dates (if any): |
None |
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Put Notice Period: |
None |
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CUSIP: |
36962GV27 |
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Other: |
Plan of Distribution:
GE Capital Markets, Inc. is acting as Agent in connection with the distribution of the Notes. The Agent will receive a selling commission equal to 0.00% 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.
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Page 3 |
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Dated January 26, 2006 |
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Filed Pursuant to Rule 433 |
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No. 333-123085 |
Additional Terms:
Interest
The interest rate applicable to each Interest Reset Period will equal the Federal Funds Open Rate (as defined below) plus the Spread set forth above.
The "Federal Funds Open Rate" for an Interest Determination Date will be the rate for that day under the heading "Federal Funds" for the relevant Index Maturity and opposite the caption "Open" as such rate is displayed on Moneyline Telerate Page 5.
If on a Calculation Date for an Interest Period such rate for an Interest Determination Date in that Interest Period does not appear on Moneyline Telerate Page 5, the rate for the Interest Determination Date will be the rate for that day displayed on FFPREBON Index page on Bloomberg which is the Fed Funds Opening Rate as reported by Prebon Yamane (or a successor) on Bloomberg.
If on a Calculation Date for an Interest Period such rate for an Interest Determination Date in that Interest Period does not appear on Moneyline Telerate Page 5 or FFPREBON Index page on Bloomberg, the rate for such Interest Determination Date will be the arithmetic mean of the rates for the last transaction in overnight U.S. Dollar Federal Funds prior to 9.00 am, New York City time, on that day arranged by three brokers of Federal Funds transactions in New York City as selected by the Calculation Agent.
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Page 4 |
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Dated January 2 , 2006 |
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Filed Pursuant to Rule 433 |
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No. 333-123085 |
Additional Information:
General
At September 30, 2005, the Company had outstanding indebtedness totaling $344.022 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 September 30, 2005, excluding subordinated notes payable after one year, was equal to $341.143 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 , |
Nine Months Ended |
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2000 |
2001 |
2002 |
2003 |
2004 |
September 30, 2005 |
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(Restated) |
(Restated) |
(Restated) |
(Restated) |
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1.52 |
1.73 |
1.66 |
1.86 |
1.89 |
1.82 |
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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
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting the SEC Web site at www.sec.gov. Alternatively, the issuer, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Investor Communications of the issuer at 1-203-357-3950.