CALCULATION OF REGISTRATION FEE
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Notes |
$975,000,000 |
$54,405.00 |
|
PROSPECTUS Dated January 23, 2009 |
Pricing Supplement Number: 4914 Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT Dated January 23, 2009 |
Dated March 27, 2009 Registration Statement: No. 333-156929 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES G
(Senior Floating Rate Notes pursuant to the FDICs Temporary Liquidity Guarantee Program)
This debt is guaranteed under the Federal Deposit Insurance Corporations Temporary Liquidity Guarantee Program and is backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in the FDICs regulations, 12 CFR Part 370, and at the FDICs website, www.fdic.gov/tlgp. The expiration date of the FDICs guarantee is the earlier of the maturity date of the debt or June 30, 2012.
|
Issuer: |
General Electric Capital Corporation ("GE Capital") |
|
Guarantor: |
Federal Deposit Insurance Corporation ("FDIC") |
|
Ratings: |
Aaa/AAA |
|
Trade Date: |
March 27, 2009 |
|
Settlement Date (Original Issue Date): |
March 31, 2009 |
|
Maturity Date: |
March 30, 2012 |
|
Principal Amount: |
US $975,000,000 |
|
Price to Public (Issue Price): |
100% |
|
Agents Commission: |
0.150% |
|
All-in Price: |
99.850% |
|
Net Proceeds to Issuer: |
US $973,537,500 |
|
Ranking: |
Senior |
|
Interest Rate Basis (Benchmark): |
LIBOR, as determined by LIBOR Reuters |
|
Index Currency: |
U.S. Dollars |
|
Spread (Plus or Minus): |
Plus 0.22% |
|
Index Maturity: |
Three Month |
|
Interest Payment Period: |
Quarterly |
|
Page 2 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated March 27, 2009 |
|
Registration Statement No. 333-156929 |
|
Interest Payment Dates:
|
Quarterly on the 30th day of each March, June, September and December, commencing June 30, 2009 and ending on the Maturity Date |
|
Initial Interest Rate: |
To be determined two London Business Days prior to the Original Issue Date |
|
Interest Reset Periods and Dates: |
Quarterly on each Interest Payment Date |
|
Interest Determination Date: |
Quarterly, two London Business Days prior to each Interest Reset Date |
|
Day Count Convention: |
Actual/360, Modified Following |
|
Business Day Convention: |
New York |
|
Denominations: |
Minimum of $2,000 with increments of $1,000 thereafter |
|
CUSIP: |
36967HAQ0 |
|
ISIN: |
US36967HAQ02 |
|
Common Code: |
042227803 |
|
Method of Settlement: |
Depository Trust Company (DTC), and its direct participants, including Euroclear and Clearstream, Luxembourg |
|
Trustee: |
The Bank of New York Mellon |
Risks Relating to FDIC Guaranteed Notes
Investors should be aware that the FDIC Guarantee is made pursuant to the FDICs regulations, 12 C.F.R. Part 370, as specified at the FDICs website, www.fdic.gov/tlgp. Such regulations may be subject to further interpretive decisions and rulemaking by the FDIC that could adversely affect how the FDIC Guarantee (as defined in the prospectus supplement) would apply to the Notes. The FDIC Guarantee is subject to additional risks as described in the prospectus supplement under "Risk Factors, Risks Relating to FDIC Guaranteed Notes". See "FDIC Guarantee under the Temporary Liquidity Guarantee Program".
|
Page 3 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated March 27, 2009 |
|
Registration Statement No. 333-156929 |
Plan of Distribution
The Notes are being purchased by Banc of America Securities LLC and Morgan Stanley & Co. Incorporated (collectively, the "Underwriters") as principal, at 100% of the aggregate principal amount less an underwriting discount equal to 0.150% of the principal amount of the Notes. The Notes will not be exclusively marketed and targeted to retail customers.
|
Institution Lead Manager: |
Commitment |
|
Banc of America Securities LLC |
|
|
Morgan Stanley & Co. Incorporated |
$487,500,000 |
|
Total |
$975,000,000 |
We have agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
Additional Information
General
At the year ended December 31, 2008, we had outstanding indebtedness totaling $510.356 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 December 31, 2008, excluding subordinated notes and debentures payable after one year, was equal to $500.474 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, |
||||
|
2004 |
2005 |
2006 |
2007 |
2008 |
|
1.82 |
1.66 |
1.63 |
1.56 |
1.24 |
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 we believe 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 INFORMATION ON THE INTERNET SITE OF THE FDIC IS NOT A PART OF THIS PRICING SUPPLEMENT OR ANY PROSPECTUS.