GECC SERIES A FIXED RATE PRICING SUPPLEMENT
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PROSPECTUS |
Pricing Supplement No. 3791 |
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Dated April 9, 2002 |
Dated September 26, 2002 |
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PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
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Dated April 16, 2002 |
No. 333-84462 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: September 26, 2002
Settlement Date (Original Issue Date): September 30, 2002
Maturity Date: September 23, 2005
Principal Amount (in Specified Currency): US$ 60,000,000
Price to Public (Issue Price): 100.00% (plus accrued interest from and including September 25, 2002 to but excluding September 30, 2002)
Agent's Discount or Commission: 0.25%
Net Proceeds to Issuer: US$ 59,850,000 (plus accrued interest from and including September 25, 2002 to but excluding September 30, 2002)
Interest Rate:
Interest Calculation:
n Regular Floating Rate
o Inverse Floating Rate
o Other Floating Rate
Interest Rate Basis:
o CD Rate o Commercial Paper Raten Federal Funds Effective Rate
o LIBOR o Prime Rate o Treasury Rate
o Other (See "Additional Terms - Interest" below)
Spread (Plus or Minus): plus 40 basis points
Spread Multiplier: N/A
Index Maturity: N/A
Index Currency: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
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. 3791 |
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Dated September 26, 2002 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-84462 |
Interest Payment Period: Quarterly
Interest Payment Dates: Quarterly on each March 23rd, June 23rd , September 23rd and December 23rd of each year, commencing December 23, 2002.
Initial Interest Rate Per Annum: To be determined as described herein.
Interest Reset Periods and Dates: Daily on each Business Day, commencing September 30, 2002, provided that the Federal Funds Effective Rate in effect for any day that is not a Business Day shall be the Federal Funds Effective Rate in effect for the prior Business Day.
Interest Determination Dates: The Business Day preceding each Interest Reset Date.
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP No.: 36962GZK3
USISIN: US36962GZK39
Common Code: 015543302
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. 3791 |
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Dated September 26, 2002 |
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Rule 424(b)(3)-Registration Statement |
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No.333-84462 |
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
Additional Information Recent Events.
On July 26, 2002, General Electric Company ("GE") announced organizational changes that will result in the businesses that comprise GE Capital Services becoming four separate businesses, effective August 1, 2002: GE Commercial Finance, GE Insurance, GE Consumer Finance and GE Equipment Management. Each of these businesses will report directly to Jeff Immelt, Chairman and Chief Executive Officer of GE and GE Vice Chariman, Dennis Dammerman. GE Capital Services and GE Capital Corporation will remain legal entities and continue as the major borrowers of funds necessary to support all of GEs financial services activities.
Reopening of Issue:
Additional notes may be issued with the same terms as these Notes. After such additional notes are issued, they will be fungible with these Notes. See "Description of Notes Reopening of Issue" as described in the Prospectus Supplement dated April 16, 2002.
The Notes are intended to be fully fungible with and will be consolidated and form a single issue for all purposes with the Companys issue of US$ 1,050,000,000 Floating Rate Notes due September 23, 2005, described in the Companys Pricing Supplement number 3785 dated September 20, 2002.
General.
The information contained in the Prospectus under the caption "Consolidated Ratio of Earnings to Fixed Charges" is hereby amended in its entirety, as follows:
At June 29, 2002 the Company had outstanding indebtedness totaling $249.497 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 29, 2002 excluding subordinated notes payable after one year was equal to $248.614 billion.
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(Floating Rate) |
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Page 4 |
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Pricing Supplement No. 3791 |
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Dated September 26, 2002 |
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Rule 424(b)(3)-Registration Statement |
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No.333-84462 |
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Year Ended December 31, |
Six Months ended June 29, 2002 |
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1997 |
1998 |
1999 |
2000 |
2001 |
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1.48 |
1.50 |
1.60 |
1.52 |
1.72 |
1.61 |
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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:
The Notes are being purchased by Lehman Brothers Inc. (the "Underwriter"), as principal, at 100.00% of the aggregate principal amount less an underwriting discount equal to 0.25% of the principal amount of the Notes.
The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.