| Pricing Supplement Dated November 1, 2010 | Rule 424(b)(3) | |||||||
| (To Prospectus Supplement Dated July 9, 2009 |
File No. 333-160487 |
|||||||
| and Prospectus Dated July 9, 2009) | Pricing Supplement No. 2010-6 | |||||||
GENERAL ELECTRIC CAPITAL CORPORATION
GE Interest Plus®
Variable Denomination Floating Rate Notes
| Interest Rate: | Under | $15,000 to | $50,000 and | ||||||
| $15,000 | $49,999 | Over | |||||||
| Rate | Yield | Rate | Yield | Rate | Yield | ||||
| 1.25% | 1.26% | 1.35% | 1.36% | 1.45% | 1.46% | ||||
| Initial Investment Incentive: | $25 for an initial investment of at least $500 or an initial investment of at least | ||||||||
| $250 along with enrollment in the automatic investment plan. An additional | |||||||||
| $25 if automatic deduction from a GE employee payroll or GE pension check is | |||||||||
| authorized within the first 30 days after an investment account is opened. One | |||||||||
| lifetime incentive per Social Security number. Incentive will be reported as | |||||||||
| interest income on the 1099-INT statement issued at year-end. | |||||||||
| Effective Dates: | November 1, 2010 until such time as a different rate is determined by the GE | ||||||||
| Interest Plus Committee. Information on current interest rates is available at | |||||||||
| GEInterestPlus.com or by calling 800-433-4480, 24 hours a day, seven days a | |||||||||
| week. | |||||||||
The rates for GE Interest Plus Notes are separate and distinct from the rate established for GE Interest Plus for Businesses, which is offered to business investors.
Additional Information:
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, as follows:
|
Year Ended December 31, |
6 months ended | |||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | June 30, 2010 | |||||
| 1.66 | 1.63 | 1.56 | 1.24 | 0.85 | 1.08 | |||||
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 is considered to be representative of the interest factor of such rentals.