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Dated August 7, 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
(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: |
August 7, 2006 |
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Settlement Date (Original Issue Date): |
August 15, 2006 |
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Maturity Date: |
August 15, 2036 |
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Principal Amount: |
US$ 300,000,000 |
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Price to Public (Issue Price): |
100.000% |
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Agents Commission: |
0.75% |
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All-in Price: |
99.25% |
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Net Proceeds to Issuer: |
$297,750,000 |
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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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Spread (plus or minus): |
Plus 0.48% |
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Index Maturity: |
Three Months |
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Index Payment Period: |
Quarterly |
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Interest Payment Dates: |
Quarterly on each February 15, May 15, August 15 and November 15 of each year, commencing on November 15, 2006 and ending on the Maturity Date |
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Initial Interest Rate: |
To be determined two London Business Days prior to the Original Issue Date based on three month USD LIBOR plus 0.48% |
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Page 2 |
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Dated August 7, 2006 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807
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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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Call Notice Period: |
None |
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Put Dates: |
None |
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Put Notice Period: |
None |
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CUSIP: |
36962GX74 |
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Common Code: |
026461847 |
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ISIN: |
US 36862GX74 3 |
Plan of Distribution:
The Notes are being purchased by the following institutions (collectively, "the Underwriters"), as principal, at the Issue Price of 100.000% of the aggregate principal amount less an underwriting discount equal to 0.75% of the principal amount of the Notes.
Institution Commitment
Lehman Brothers Inc. $150,000,000
Morgan Stanley & Co. Incorporated $150,000,000
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Total $300,000,000
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 August 7, 2006 |
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Filed Pursuant to Rule 433 |
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Registration Statement No. 333-132807 |
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, |
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Six Months Ended |
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2001 |
2002 |
2003 |
2004 |
2005 |
June 30, 2006 |
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1.56 |
1.62 |
1.71 |
1.82 |
1.66 |
1.62 |
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 Lehman Brothers Inc. at 1-888-603-5847, Morgan Stanley & Co. Incorporated at 1-866-718-1649 or Investor Communications of the issuer at 1-203-357-3950.