calculation of registration fee
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Unsecured Notes |
$750,000,000.00 |
$23,025.00 |
|
PROSPECTUS |
Pricing Supplement Number: 4562 |
|
Dated March 29, 2006 |
Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT |
Dated March 8, 2007 |
|
Dated March 29, 2006 |
Registration Statement: No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured Floating Rate Notes)
|
Issuer: |
General Electric Capital Corporation |
|
Ratings: |
Aaa/AAA |
|
Trade Date: |
March 8, 2007 |
|
Settlement Date (Original Issue Date): |
March 13, 2007 |
|
Maturity Date: |
March 12, 2010 |
|
Principal Amount: |
US$750,000,000 |
|
Price to Public (Issue Price): |
100.000% |
|
Agents Commission: |
0.090% |
|
All-in Price: |
99.910% |
|
Accrued Interest: |
N/A |
|
Net Proceeds to Issuer: |
US$749,325,000 |
|
Interest Rate Basis (Benchmark): |
Federal Funds Open |
|
Index Currency: |
U.S. Dollars |
|
Spread (plus or minus): |
Plus 0.120% |
|
Index Maturity: |
Overnight |
|
Interest Payment Period: |
Quarterly |
|
Interest Payment Dates: |
Quarterly on the 12th day of each March, June, September, and December, commencing June 12, 2007 (Short first coupon) and ending on the Maturity Date |
|
Page 2 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated March 8, 2007 |
|
Registration Statement No. 333-132807 |
|
Initial Interest Rate: |
Described as in "Additional Terms-Interest" below |
|
Interest Reset Periods and Dates: |
Daily, on each Business Day provided that the Federal Funds Open Rate in effect for any day that is not a Business Day shall be the Federal Funds Open Rate in effect for the prior Business Day |
|
Interest Determination Date: |
On each Interest Reset Date. See "Additional Terms-Interest" below. |
|
Day Count Convention: |
Actual/360 |
|
Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter |
|
CUSIP: |
36962G2J2 |
|
ISIN: |
US36962G2J20 |
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
The interest rate applicable to each Interest Reset Period will equal the Federal Funds Open Rate (as defined below) plus the Spread set forth above.
The "Federal Funds Open Rate" for an Interest Determination Date will be the rate for that day under the heading "Federal Funds" for the relevant Index Maturity and opposite the caption "Open" as such rate is displayed on Moneyline Telerate Page 5.
If on a Calculation Date for an Interest Period such rate for an Interest Determination Date in that Interest Period does not appear on Moneyline Telerate Page 5, the rate for the Interest Determination Date will be the rate for that day displayed on FFPREBON Index page on Bloomberg which is the Fed Funds Opening Rate as reported by Prebon Yamane (or a successor) on Bloomberg.
If on a Calculation Date for an Interest Period such rate for an Interest Determination Date in that Interest Period does not appear on Moneyline Telerate Page 5 or FFPREBON Index page on Bloomberg, the rate for such Interest Determination Date will be the arithmetic mean of the rates for the last transaction in overnight U.S. Dollar Federal Funds prior to 9.00 am, New York City time, on that day arranged by three brokers of Federal Funds transactions in New York City as selected by the Calculation Agent.
|
Page 3 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated March 8, 2007 |
|
Registration Statement No. 333-132807 |
Plan of Distribution:
The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters"), as principal, at 100.000% of the aggregate principal amount less an underwriting discount equal to 0.090% of the principal amount of the Notes.
|
Institution Lead Managers: |
Commitment |
|
Goldman, Sachs & Co. |
$356,250,000 |
|
Merrill Lynch, Pierce Fenner & Smith Incorporated |
$356,250,000 |
|
Co-managers: |
|
|
The Williams Capital Group, L.P. |
$13,125,000 |
|
Blaylock & Company, Inc. |
$9,375,000 |
|
Samuel A. Ramirez & Company, Inc. |
$7,500,000 |
|
Utendahl Capital Group, L.L.C. |
$7,500,000 |
|
Total |
$750,000,000 |
GE Capital Markets, Inc. will act as a sales agent in connection with the offering and will receive a fee from the underwriters equal to 0.0285% of the principal amount of the notes.
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
At December 31, 2006, the Company had outstanding indebtedness totaling $425.713 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, 2006, excluding subordinated notes payable after one year, was equal to $420.811 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 ,
|
||||||||
|
2002 |
2003 |
2004 |
2005 |
2006 |
||||
|
1.43 |
1.77 |
1.87 |
1.70 |
1.64 |
||||
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.
|
Page 4 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated March 8, 2007 |
|
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.