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Dated September 13, 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 Fixed Rate Notes)
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Issuer: |
General Electric Capital Corporation |
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Ratings: |
Aaa/AAA |
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Trade Date: |
September 13, 2007 |
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Settlement Date (Original Issue Date): |
September 20, 2007 |
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Maturity Date: |
September 20, 2013 |
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Interest Rate: |
5.400 % |
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Principal Amount: |
US$500,000,000.00 |
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Price to Public (Issue Price): |
99.939 % |
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Agents Commission: |
0.175% |
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All-in Price: |
99.764 % |
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Net Proceeds to Issuer: |
$498,820,000 |
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Accrued Interest: |
N/A |
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Benchmark: |
4.125% US Treasury Note due August 31, 2012 |
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Spread to Benchmark: |
Plus 1.22% |
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Interest Payment Dates: |
Semi-Annually on March 20th and September 20th, commencing March 20, 2008 and ending on the Maturity Date. |
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Day Count Convention: |
30/360 |
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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: |
36962G3F9 |
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Dated September 13, 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 Citigroup Global Markets Inc. (the "Underwriter"), as principal, at 99.939% of the aggregate principal amount less an underwriting discount equal to 0.175% 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
At June 30, 2007, the Company had outstanding indebtedness totaling $461.381 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 June 30, 2007, excluding subordinated notes payable after one year, was equal to $456.421 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 , |
Six Months Ended |
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2002 |
2003 |
2004 |
2005 |
2006 |
June 30, 2007 |
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1.43 |
1.77 |
1.87 |
1.70 |
1.64 |
1.44 |
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 September 13, 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 Citigroup Global Markets Inc. at 1-877-858-5407 or Investor Communications of the issuer at 1-203-357-3950.