CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered

Maximum Aggregate Offering Price

Amount of Registration Fee

Senior Notes

$2,000,000,000

$142,600

 

PROSPECTUS

Dated January 23, 2009

Pricing Supplement Number: 4986

Filed Pursuant to Rule 424(b)(3)

PROSPECTUS SUPPLEMENT

Dated January 23, 2009

Dated September 13, 2010

Registration Statement: No. 333-156929

                             

GENERAL ELECTRIC CAPITAL CORPORATION

GLOBAL MEDIUM-TERM NOTES, SERIES A

(Senior Unsecured Fixed Rate Notes)

 

Investing in these notes involves risks. See "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2009 filed with the Securities and Exchange Commission.

 

Issuer:

General Electric Capital Corporation

Trade Date:

September 13, 2010

Settlement Date (Original Issue Date):

September 16, 2010

Maturity Date:

September 16, 2013

Principal Amount:

US $2,000,000,000

Price to Public (Issue Price):

99.849%

Agents Commission:

0.200%

All-in Price:

99.649%

Net Proceeds to Issuer:

US $1,992,980,000

Treasury Benchmark:

0.750% due September 15, 2013

Treasury Yield:

0.827%

Spread to Treasury Benchmark:

Plus 1.100%

Reoffer Yield:

1.927%

Interest Rate Per Annum:

1.875%

Interest Payment Dates:

Semi-annually on the 16th day of each March and September, commencing March 16, 2011 and ending on the Maturity Date

Day Count Convention:

30/360

 

 

 

 



Filed Pursuant to Rule 424(b)(3)
Dated September 13, 2010
Registration Statement No. 333-156929

 

Denominations:

Minimum of $1,000 with increments of $1,000 thereafter

Call Notice Period:

None

Put Dates (if any):

None

Put Notice Period:

None

CUSIP:

36962G4Q4

ISIN:

US36962G4Q45

Common Code:

054306130

 

Plan of Distribution:

The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters"), as principal, at 99.849% of the aggregate principal amount less an underwriting discount equal to 0.200% of the principal amount of the Notes.

Institution

Lead Managers:

Commitment

Banc of America Securities LLC

$475,000,000

Barclays Capital Inc.

$475,000,000

Citigroup Global Markets Inc.

$475,000,000

Credit Suisse Securities (USA) LLC

$475,000,000

Co-Managers:

 

Blaylock Robert Van, LLC

$20,000,000

CastleOak Securities, L.P.

$20,000,000

Loop Capital Markets LLC

$20,000,000

Samuel A. Ramirez & Company, Inc.

$20,000,000

The Williams Capital Group, L.P.

$20,000,000

Total

$2,000,000,000

 

 

 



Filed Pursuant to Rule 424(b)(3)
Dated September 13, 2010
Registration Statement No. 333-156929

The Issuer has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

Additional Information

General

At the quarter ended June 30, 2010, we had outstanding indebtedness totaling $405.714 billion, consisting of notes payable within one year, senior notes payable after one year and subordinated notes payable after one year, and excluding bank deposits and non-recourse borrowings of consolidated securitization entities. The total amount of outstanding indebtedness at June 30, 2010, excluding subordinated notes and debentures payable after one year, was equal to $396.650 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,

Six Months Ended

2005

2006

2007

2008

2009

June 30, 2010

1.66

1.63

1.56

1.24

0.85

1.08

For purposes of computing the consolidated ratio of earnings to fixed charges, earnings consist of net earnings adjusted for the provision for income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

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.

As set forth above, GE Capital’s ratio of earnings to fixed charges increased to 1.08:1 in the first six months of 2010 due to higher pre-tax earnings at GECC, which were primarily driven by lower losses and delinquencies.

CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.