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Dated May 15, 2007 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured 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: |
May 15, 2007 |
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Settlement Date (Original Issue Date): |
May 21, 2007 |
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Maturity Date: |
June 20, 2014 |
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Principal Amount: |
US$75,000,000 |
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Price to Public (Issue Price): |
100.000% |
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Agents Commission: |
0.200% |
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All-in Price: |
99.80% |
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Accrued Interest: |
N/A |
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Net Proceeds to Issuer: |
US$74,850,000 |
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Interest Rate Basis: |
LIBOR, as determined by Reuters |
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Index Currency: |
U.S. Dollars |
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Spread: |
Plus 0.14% |
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Index Maturity: |
Three Months |
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Index Payment Period: |
Quarterly |
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Interest Payment Dates: |
Quarterly on March 20, June 20, September 20, and December 20, commencing June 20, 2007 (short first coupon) and ending on the Maturity Date |
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Initial Interest Rate: |
To be determined two London Business days prior to the Original Issue Date |
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Interest Reset Periods and Dates: |
Quarterly on each Interest Payment Date |
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Interest Determination Dates: |
Quarterly, two London Business Days prior to 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): |
N/A |
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Call Notice Period: |
N/A |
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Put Dates (if any): |
N/A |
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Put Notice Period: |
N/A |
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CUSIP: |
36962G2X1 |
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Dated May 15, 2007 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
Plan of Distribution:
The Notes are being purchased by Goldman, Sachs & Co. (the "Underwriter"), as principal, at 100% of the aggregate principal amount less an underwriting discount equal to 0.200% 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 Information
At March 31, 2007, the Company had outstanding indebtedness totaling $443.274 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, 2007, excluding subordinated notes payable after one year, was equal to $438.374 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 |
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2002 |
2003 |
2004 |
2005 |
2006 |
March 31, 2007 |
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1.43 |
1.77 |
1.87 |
1.70 |
1.64 |
1.48 |
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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Page 3 |
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Dated May 15, 2007 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
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 or the underwriter participating in the offering will arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co. at 1-866-471-2526 or Investor Communications of the issuer at 1-203-357-3950.