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Dated October 19, 2006 |
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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: |
October 19, 2006 |
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Settlement Date (Original Issue Date): |
October 24, 2006 |
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Maturity Date: |
October 6, 2010 |
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Principal Amount: |
US$70,000,000 |
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Price to Public (Issue Price): |
99.998% |
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0.200% |
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All-in Price: |
99.798% |
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Accrued Interest: |
$190,050.00 |
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Net Proceeds to Issuer: |
$70,048,650.00 |
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Interest Rate Basis (Benchmark): |
LIBOR, as determined by LIBOR Telerate |
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Index Currency: |
U.S. Dollars |
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Coupon: |
LIBOR plus 0.06% |
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Re-offer Spread (plus or minus): |
Plus 0.06% |
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Index Maturity: |
Three Months |
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Interest Payment Period: |
Quarterly |
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Interest Payment Dates: |
Quarterly on each January 6, April 6, July 6 and October 6 of each year, commencing on January 6, 2007 and ending on the Maturity Date |
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Page 2 |
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Dated October 19, 2006 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
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Initial Interest Rate: |
5.37% |
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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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CUSIP: |
36962GY24 |
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ISIN: |
N/A |
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Common Code: |
027127762 |
Additional Terms:
Reopening of Issue
The Notes are intended to be fully fungible and be consolidated and form a single issue for all purposes with the Issuers issue of US$750,000,000 principal amount of Floating Rate Notes due October 6, 2010 as described in the Issuers Pricing Supplement number 4447 dated October 3, 2006.
Plan of Distribution:
The Notes are being purchased by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("the Underwriter"), as principal, at the Issue Price of 99.998% of the aggregate principal amount less an underwriting discount equal to 0.20%. The Underwriter has advised the Company that the Underwriter proposes to offer the Notes for sale at the Re-offer Spread referenced above.
The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
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Page 3 |
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Dated October 19, 2006 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
Additional Information:
At June 30, 2006, the Company had outstanding indebtedness totaling $382.374 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, 2006, excluding subordinated notes payable after one year, was equal to $379.581 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 June 30, |
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2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
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1.56 |
1.62 |
1.71 |
1.82 |
1.66 |
1.62 |
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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
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, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith at 1-866-500-5408 or Investor Communications of the issuer at 1-203-357-3950.