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Filed Pursuant to Rule 433 |
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Dated November 14, 2006 |
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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: |
November 14, 2006 |
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Settlement Date (Original Issue Date): |
November 17, 2006 |
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Maturity Date: |
November 1, 2012 |
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Principal Amount: |
US$220,000,000 |
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Price to Public (Issue Price): |
99.998% |
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Agents Commission: |
0.30% |
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All-in Price: |
99.698% |
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Accrued Interest: |
US$537,900 |
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Net Proceeds to Issuer: |
US$219,873,500 (which includes accrued interest) |
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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 0.13% |
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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 1, May 1, August 1, and November 1 of each year, commencing February 1, 2007 and ending on the Maturity Date |
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Page 2 |
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Filed Pursuant to Rule 433 |
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Dated November 14, 2006 |
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Registration Statement: No. 333-132807 |
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Initial Interest Rate: |
To be determined two London Business Days prior to the Original Issue Date |
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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 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: |
36962GZ49 |
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ISIN: |
US36962GZ490 |
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Common Code: |
N/A |
Additional Information:
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 issues of US$300,000,000 and US$625,000,000 principal amount of Floating Rate Notes due November 1, 2012 as described in the Issuers pricing supplements number 4466 and 4475 dated October 25, 2006 and November 6, 2006, respectively.
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Page 3 |
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Filed Pursuant to Rule 433 |
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Dated November 14, 2006 |
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Registration Statement: No. 333-132807 |
Plan of Distribution:
The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters"), as principal, at 99.998% of the aggregate principal amount less an underwriting discount equal to 0.30% of the principal amount of the Notes.
Institution Commitment
Morgan Stanley & Co. Incorporated $ 75,000,000
Wachovia Capital Markets LLC $ 75,000,000
JPMorgan Securities Inc $ 45,000,000
HSBC Securities (USA) Inc $ 25,000,000
Total: $220,000,000
The Issuer has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
Additional Information:
At September 30, 2006, the Issuer had outstanding indebtedness totaling $398.803 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 September 30, 2006, excluding subordinated notes payable after one year, was equal to $394.061 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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Nine Months ended September 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 Issuer 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.
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Page 4 |
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Filed Pursuant to Rule 433 |
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Dated November 14, 2006 |
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Registration Statement: No. 333-132807 |
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(s) participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc 1-212-834-4533, Wachovia Capital Markets LLC 1-800-326-5897, HSBC Securities (USA) Inc. at 1-866-811-8049, Morgan Stanley & Co. Incorporated at 1-866-718-1649 or Investor Communications of the Issuer at 1-203-357-3950.