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PROSPECTUS |
Pricing Supplement No. 4168 |
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Dated June 17, 2004 |
Dated April 7, 2005 |
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PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
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Dated June 18, 2004 |
No. 333-114095 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
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Trade Date: |
April 7, 2005 |
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Settlement Date (Original Issue Date): |
April 12, 2005 |
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Maturity Date: |
April 11, 2008 |
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Principal Amount (in Specified Currency) |
U.S.$500,000,000 |
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Price to Public (Issue Price): |
100.00% |
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Agent's Discount or Commission: |
0.150% |
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Net Proceeds to Issuer (in Specified Currency): |
U.S.$ 499,250,000 |
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Interest Rate:
Interest Calculation: n Regular Floating Rate Inverse Floating Rate Other Floating Rate |
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Interest Rate Basis: |
LIBOR |
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Index Currency: |
U.S. Dollars |
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Spread (Plus or Minus) |
Plus 0.05% |
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Index Maturity: |
One Month |
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Spread Multiplier: |
N/A |
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Maximum Interest Rate: |
N/A |
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Minimum Interest Rate: |
N/A |
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Interest Payment Period: |
Monthly |
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Interest Payment Dates: |
Monthly on the 11th of each month, commencing May 11, 2005. |
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Initial Interest Rate: |
To be determined two London Business Days prior to the Original Issue Date based on one month USD LIBOR plus 0.05%. |
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Interest Reset Periods and Dates: |
Monthly on each Interest Payment Date. |
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Interest Determination Dates: |
Monthly, two London Business Days prior to each Interest Reset Date. |
CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.
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(Floating Rate) |
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Page 2 |
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Pricing Supplement No. 4168 |
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Rule 424(b)(3)-Registration Statement |
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No.333-114095 |
Clearance and Settlement:
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___ |
DTC Only. |
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X |
DTC global (including through its indirect participants Euroclear and Clearstream, Luxembourg as described under "Global Clearance and Settlement Procedures" in the accompanying Prospectus Supplement). |
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___ |
DTC and Euroclear/Clearstream, Luxembourg (as described under "Description of Notes - General Special Provisions Relating to Certain Foreign Currency Notes" in the accompanying Prospectus Supplement). |
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___ |
Euroclear and Clearstream, Luxembourg only. |
CUSIP No.: 36962GQ31
ISIN: US36962GQ317
Common Code: 021747068
Repayment, Redemption and Acceleration
Optional Repayment Date(s): N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A
Original Issue Discount:
Amount of OID: N/A
Yield to Maturity: N/A
Interest Accrual Date: N/A
Initial Accrual Period OID: N/A
Amortizing Notes:
Amortization Schedule: N/A
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(Floating Rate) |
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Page 3 |
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Pricing Supplement No. 4168 |
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Dated April 7, 2005 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-114095 |
Dual Currency Notes:
Face Amount Currency: N/A
Optional Payment Currency: N/A
Designated Exchange Rate: N/A
Option Value Calculation Agent: N/A
Option Election Date(s): N/A
Indexed Notes:
Currency Base Rate: N/A
Determination Agent: N/A
Listing:
___ Listed on the Luxembourg Exchange
_X_ Not listed on the Luxembourg Exchange
Additional Information
:General.
At December 31, 2004, the Company had outstanding indebtedness totaling $352.869 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, 2004, excluding subordinated notes payable after one year was equal to $352.049 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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2000 |
2001 |
2002 |
2003 |
2004 |
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1.52 |
1.72 |
1.65 |
1.83 |
1.87 |
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(Floating Rate) |
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Page 4 |
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Pricing Supplement No. 4168 |
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Dated April 7, 2005 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-114095 |
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.
Plan of Distribution:
The Notes are being purchased by Goldman, Sachs & Co. and J.P. Morgan Securities Inc. (collectively, the "Underwriters"), as principal, at 100.00% of the aggregate principal amount less an underwriting discount equal to 0.150% of the principal amount of the Notes. GE Capital Markets, Inc. is acting as Agent (the "Agent) in connection with the distribution of the Notes. The Agent will receive a selling commission equal to 0.150% of the principal amount of the Notes.
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Institution |
Commitment |
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Underwriter/Agent: |
Principal Amount of Notes: |
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GE Capital Markets, Inc. |
$ 166,666,000 |
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Goldman, Sachs & Co. |
$ 166,667,000 |
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J.P. Morgan Securities Inc. |
$ 166,667,000 |
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Total |
$ 500,000,000 |
The Company has agreed to indemnify the Underwriters and the Agent against certain liabilities, including liabilities under the Securities Act of 1933, as amended.