CALCULATION OF REGISTRATION FEE
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Unsecured Notes |
$800,000,000 |
$31,440.00 |
|
PROSPECTUS Dated March 29, 2006 |
Pricing Supplement Number: 4819 Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT Dated March 29, 2006 |
Dated May 21, 2008 Registration Statement: No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Senior Unsecured Fixed Rate Notes)
|
Issuer: |
General Electric Capital Corporation |
|
Ratings: |
Aaa/AAA |
|
Trade Date: |
May 21, 2008 |
|
Settlement Date (Original Issue Date): |
May 29, 2008 |
|
Maturity Date: |
June 1, 2011 |
|
Principal Amount: |
US$ 800,000,000 |
|
Price to Public (Issue Price): |
100% |
|
Underwriters Commission: |
0.09% |
|
All-In Price: |
99.91% |
|
Net Proceeds to Issuer |
US$ 799,280,000 |
|
Treasury Benchmark: |
4.875% due May 31, 2011 |
|
Treasury Yield: |
2.667% |
|
Spread to Treasury Benchmark: |
Plus 1.443% |
|
Reoffer Yield: |
4.110% |
|
Interest Rate Per Annum: |
4.110% |
|
Interest Payment Dates: |
Semi-annually on each June 1 and December 1, commencing December 1, 2008 and ending on the Maturity Date |
|
Day Count Convention: |
30/360 |
|
Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter |
|
Call Dates (if any): |
N/A |
|
Call Notice Period: |
N/A |
|
Put Dates (if any): |
N/A |
|
Put Notice Period: |
N/A |
|
CUSIP: |
36962G3W2 |
|
Page 2 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated May 21, 2008 |
|
Registration Statement: No. 333-132807 |
Investing in the Notes involves risks. See "Risk of Foreign Currency Notes and Indexed Notes" on Page 2 of the accompanying prospectus supplement and "Risk Factors" on Page 2 of the accompanying prospectus.
Plan of Distribution:
The Notes are being purchased by the underwriter listed below (the "Underwriter"), as principal, at 100% of the aggregate principal amount less an underwriting discount equal to 0.09% of the principal amount of the Notes.
|
Institution Lead Manager: |
Commitment |
|
Goldman, Sachs & Co. |
$ 800,000,000 |
|
Total |
$ 800,000,000 |
The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
Additional Information:
Settlement
It is expected that delivery of the notes will be made against payment therefor on or about the date specified above in this term sheet, which will be the fifth business day following the date of pricing of the notes (such settlement code being herein referred to as "T + 5"). Under SEC Rule 15c6-1 under the Exchange Act, trades in the secondary market generally are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the notes initially will settle T + 5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of notes who wish to trade notes on the date of pricing or the next succeeding business day should consult their own advisor.
General
At March 31, 2008, the Company had outstanding indebtedness totaling $530.57 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 March 31, 2008, excluding subordinated notes payable after one year, was equal to $519.13 billion.
|
Page 3 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated May 21, 2008 |
|
Registration Statement: No. 333-132807 |
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, |
Quarter Ended March 31, 2008 |
||||
|
2003 |
2004 |
2005 |
2006 |
2007 |
|
|
1.73 |
1.83 |
1.67 |
1.63 |
1.56 |
1.41 |
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.
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.