PROSPECTUS |
Pricing Supplement No. 3686 |
Dated August 31, 2001 |
Dated January 4, 2002 (REV. 1/8/02) |
PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
Dated September 5, 2001 |
No. 333-40880 and 333-66560 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: January 4, 2002
Settlement Date (Original Issue Date): January 8, 2002
Maturity Date: January 8, 2003
Principal Amount (in Specified Currency): USD 100,000,000
Price to Public (Issue Price): 100%
Agent's Discount or Commission: 0.020%
Net Proceeds to Issuer: USD 99,980,000
Interest Rate
:Interest Calculation:
x Regular Floating Rate
o Inverse Floating Rate
o Other Floating Rate
Interest Rate Basis: o CD Rate o Commercial Paper Rate
o Federal Funds Rate (See "Additional Terms - Interest" below)
x LIBOR o Prime Rate o Treasury Rate
o Other (See "Additional Terms - Interest" below)
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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(Fixed Rate) |
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Pricing Supplement No. 3686 |
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Dated January 4, 2002 (REV. 1/8/02) |
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Rule 424(b)(3)-Registration Statement |
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No. 333-40880 and 333-66560 |
Spread (Plus or Minus): Three Month USD LIBOR minus 0.125 %
Spread Multiplier: N/A
Index Maturity: Three Month
Index Currency: U.S. Dollars
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Quarterly
Interest Payment Dates: Quarterly, commencing April 8, 2002.
Initial Interest Rate Per Annum: To be determined two London Business Days prior to the Original Issue Date based on the three month USD LIBOR minus 0.125%
Interest Reset Periods and Dates: Quarterly, on each Interest Payment Date
Interest Determination Dates: Quarterly, two London Business Days prior to each Interest Reset Date.
Form of Notes:
x DTC registered o non-DTC registered
CUSIP No: 36962GXD1
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
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Pricing Supplement No. 3686 |
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Dated January 4, 2002 (REV. 1/8/02) |
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Rule 424(b)(3)-Registration Statement |
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 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
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No. 333-40880 and 333-66560 |
Recent Developments.
On July 2, 2001, General Electric Capital Corporation changed its state of incorporation from New York to Delaware.
Additional Information:
General.
At September 29, 2001, the Company had outstanding indebtedness totaling $205.043 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 29, 2001 excluding subordinated notes payable after one year was equal to $204.345 billion.
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Pricing Supplement No. 3686 |
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Dated January 4, 2002 (REV. 1/8/02) |
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Rule 424(b)(3)-Registration Statement No. 333-40880 and 333-66560 |
Consolidated Ratio of Earning 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 29, 2001 |
1996 |
1997 |
1998 |
1999 |
2000 |
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1.53 |
1.48 |
1.50 |
1.60 |
1.52 |
1.69 |
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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 Company believes is a reasonable approximation of the interest factor of such rentals.
Plan of Distribution:
Credit Suisse First Boston is acting as Agent in connection with the distribution of the Notes. The Agent will receive a selling commission equal to 0.020% of the principal amount of the Notes.