calculation of registration fee
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Unsecured Notes |
$500,000,000.00 |
$15,350.00 |
|
PROSPECTUS |
Pricing Supplement Number: 4621 |
|
Dated March 29, 2006 |
Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT |
Dated May 17, 2007 |
|
Dated March 29, 2006 |
Registration Statement: No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured Fixed Rate-Floating Rate Notes)
|
Issuer: |
General Electric Capital Corporation |
|
Ratings: |
Aaa/AAA |
|
Trade Date-Pricing Effective Time: |
May 17, 2007 |
|
Settlement Date (Original Issue Date): |
May 23, 2007 |
|
Maturity Date: |
May 23, 2011 |
|
Principal Amount: |
US$ 500,000,000 |
|
Price to Public (Issue Price): |
100.00% |
|
Underwriters Commission: |
0.12% |
|
All-in Price: |
99.88% |
|
Net Proceeds to Issuer: |
US$ 499,400,000 |
|
Fixed Rate Provisions |
|
|
Fixed Rate Period: |
May 23, 2007 to but excluding May 23, 2008 |
|
Benchmark: |
Eurodollar Synthetic Forward Rate as per Bloomberg Page EDSF |
|
Yield: |
5.327% |
|
Spread to Benchmark: |
Plus 0.07% |
|
Re-Offer Yield: |
5.397% |
|
Fixed Interest Rate: |
5.397% |
|
Fixed Rate Interest Payment Date: |
May 23, 2008 |
|
Day Count Convention: |
Actual/360 |
|
Page 2 |
|
Dated May 17, 2007 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Registration Statement No. 333-132807 |
|
Floating Rate Provisions |
|
|
Floating Rate Period: |
May 23, 2008 to but excluding the Maturity Date |
|
Interest Rate Basis (Benchmark): |
LIBOR, as determined by Reuters |
|
Index Currency: |
U.S. Dollars |
|
Spread (plus or minus): |
Plus 0.07% |
|
Index Maturity: |
Three Months |
|
Index Payment Period: |
Quarterly |
|
Floating Rate Interest Payment Dates:
|
Quarterly on the 23nd day of each February, May, August and November, commencing on August 23, 2008, ending on the Maturity Date |
|
Initial Interest Rate:
|
To be determined two London Business Days prior to May 23, 2008 based on three month USD LIBOR plus 0.07% |
|
Interest Reset Periods and Dates:
|
Quarterly on each Floating Rate Interest Payment Date |
|
Interest Determination Dates:
|
Quarterly, two London business Days prior to each Interest Reset Date |
|
Day Count Convention: |
Actual/360 |
|
Denominations:
|
Minimum of $1,000 with increments of $1,000 thereafter |
|
Call Dates (if any): |
Not Applicable |
|
Call Notice Period: |
Not Applicable |
|
Dated May 17, 2007 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Registration Statement No. 333-132807 |
|
Put Dates (if any): |
Not Applicable |
|
Put Notice Period: |
Not Applicable |
|
CUSIP: |
36962G2Y9 |
|
ISIN: |
Not Applicable |
|
Common Code: |
Not Applicable |
Investing in the Notes involves risks. See "Risks of Foreign Currency Notes and Indexed Notes" on page 2 of the accompanying prospectus supplement and "Risk Factors" on page 2 of the accompanying prospectus.
Additional Terms:
Interest on the Notes for the period from and including May 23, 2007 to but excluding May 23, 2008 (the "Fixed Rate Period") will be payable in U.S. Dollars on May 23, 2008 (the "Fixed Rate Interest Payment Date"). During the Fixed Rate Period, the interest on the Notes will be equal to 5.397% per annum. During the Fixed Rate Period, interest will be computed and paid on an Actual/360 basis (based upon the actual number of days elapsed in each month in a 360-day year of twelve 30-day months).
Interest on the Notes for the period from and including May 23, 2008 to but excluding the Maturity Date (the "Floating Rate Period") will be payable in U.S. Dollars quarterly, in arrears, on the 23nd day of each February, May, August and November, commencing August 23, 2008 (each a "Floating Rate Interest Payment Date"). During the Floating Rate Period, the interest rate on the Notes will be equal to the sum of three month USD LIBOR plus 0.07%. The initial floating rate will be determined two London Business Days prior to May 23, 2008 based on three month USD LIBOR plus 0.07%. During the Floating Rate Period, the interest rate will be reset quarterly on each Floating Rate Interest Payment Date (the "Interest Reset Date"), and will be determined quarterly, two London Business Days prior to each Interest Reset Date. During the Floating Rate Period, interest will be computed and paid on the basis as provided for the Notes in the prospectus
of the Issuer dated March 29, 2006, as supplemented by the prospectus supplement of the Issuer dated March 29, 2006, under "DESCRIPTION OF NOTES, Interest and Interest Rates, Floating Rate Notes, How Interest is Calculated."Plan of Distribution:
The Notes are being purchased by Goldman, Sachs & Co.
(the "Underwriter"), as principal, at 100.00% of the aggregate principal amount less an underwriting discount equal to 0.12% of the principal amount of the Notes. GE Capital Markets, Inc. will act as a sales agent (the "Agent") in connection with the offering and will receive a fee from the Underwriter equal to 0.06% of the principal amount of the Notes.The Issuer has agreed to indemnify the Underwriter and the Agent against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
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Page 4 |
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Dated May 17, 2007 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Registration Statement No. 333-132807 |
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:
|
Year Ended December 31, |
Three Months Ended |
||||
|
2002 |
2003 |
2004 |
2005 |
2006 |
March 31, 2007 |
|
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.
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.