| Filed Pursuant to Rule 433 | |
| Dated September 9, 2011 | |
| Registration Statement No. 333-156929 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured Floating Rate Notes)
Investing in these notes involves risks. See "Risk
Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange
Commission.
| Issuer: | General Electric Capital Corporation |
| Trade Date: | September 9, 2011 |
| Settlement Date (Original Issue Date): | September 14, 2011 |
| Maturity Date: | March 14, 2013 |
| Principal Amount: | US $750,000,000 |
| Price to Public (Issue Price): | 100.00% |
| Agents Commission: | 0.10% |
| All-in Price: | 99.90% |
| Net Proceeds to Issuer: | US $749,250,000 |
| Interest Rate Basis (Benchmark): | 3-month LIBOR, as determined by Reuters |
| Index Currency: | U.S. Dollars |
| Spread (Plus or Minus): | Plus 0.60% |
| Index Maturity: | Three Months |
| Interest Payment Period: | Quarterly |
| Interest Payment Dates: | Quarterly on the 14th day of each March, June, September and December, commencing December 14, 2011 and ending on the Maturity Date |
| Initial Interest Rate: | To be determined two London Business Days prior to the Original Issue Date |
| Interest Reset Periods and Dates: | Quarterly on each Interest Payment Date |
| Page 2 | |
| Filed Pursuant to Rule 433 | |
| Dated September 9, 2011 | |
| Registration Statement No. 333-156929 |
| Interest Determination Date: | Quarterly, two London Business Days prior to each Interest Reset Date |
| Day Count Convention: | Actual/360, Modified Following Adjusted |
| Business Day Convention: | New York |
| Denominations: | Minimum of $2,000 with increments of $1,000 thereafter. |
| CUSIP: | 36962G5G5 |
| ISIN: | US36962G5G53 |
| Common Code: | 067806077 |
Plan of Distribution:
The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters"), as principal, at 100% of the aggregate principal amount less an underwriting discount equal to 0.10% of the principal amount of the Notes. GE Capital Markets, Inc. will act as a sales agent (the “Agent”) in connection with the offering.
|
Institution Lead Managers: |
Commitment |
| Citigroup Global Markets Inc. | $375,000,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $375,000,000 |
| Total | $750,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
| Page 3 | |
| Filed Pursuant to Rule 433 | |
| Dated September 9, 2011 | |
| Registration Statement No. 333-156929 |
Additional Information
General
At the quarter ended June 30, 2011, we had outstanding indebtedness totaling $387.429 billion, consisting of notes payable within one year, senior notes payable after one year and subordinated notes payable after one year, and excluding bank deposits and non-recourse borrowings of consolidated securitization entities. The total amount of outstanding indebtedness at June 30, 2011, excluding subordinated notes and debentures payable after one year, was equal to $375.476 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, | Six Months Ended | ||||
| 2006 | 2007 | 2008 | 2009 | 2010 | June 30, 2011 |
| 1.66 | 1.59 | 1.24 | 0.85 | 1.13 | 1.57 |
For purposes of computing the consolidated ratio of earnings to fixed charges, earnings consist of net earnings adjusted for the provision for income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
Fixed charges consist of interest and discount on all indebtedness and one-third of rentals, which we believe 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 or the underwriters participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.