CALCULATION OF REGISTRATION FEE
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Unsecured Notes |
$2,000,000,000 |
$78,600.00 |
|
PROSPECTUS Dated March 29, 2006 |
Pricing Supplement Number: 4798 Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT Dated March 29, 2006 |
Dated April 16, 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: |
April 16, 2008 |
|
Settlement Date (Original Issue Date): |
April 21, 2008 |
|
Maturity Date: |
January 14, 2038 |
|
Principal Amount: |
US $ 2,000,000,000 |
|
Price to Public (Issue Price): |
92.424% (plus accrued interest from and including January 14, 2008 to but excluding April 21, 2008) |
|
Agents Commission: |
0.500% |
|
All-in Price: |
91.924% |
|
Accrued Interest: |
US $ 31,659,722.22 |
|
Net Proceeds to Issuer: |
US $ 1,870,139,722.22 |
|
Treasury Benchmark: |
5.000% due May 15, 2037 |
|
Reoffer Yield: |
6.450% |
|
Interest Rate Per Annum: |
5.875% |
|
Interest Payment Dates: |
Semi-annually on the 14th of each July and January, commencing July 14, 2008 and ending on the Maturity Date |
|
Page 2 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated April 16, 2008 |
|
Registration Statement: No. 333-132807 |
|
Day Count Convention: |
30/360 |
|
Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter. |
|
Call Notice Period: |
None |
|
Put Dates (if any): |
None |
|
Put Notice Period: |
None |
|
CUSIP: |
36962G3P7 |
|
ISIN: |
US36962G3P70 |
|
Common Code: |
033997728 |
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 underwriters listed below (collectively, the "Underwriters"), as principal, at 92.424% of the aggregate principal amount less an underwriting discount equal to 0.50% of the principal amount of the Notes.
|
Institution Lead Managers: |
Commitment |
|
Banc of America Securities LLC |
$ 450,000,000 |
|
Goldman, Sachs & Co. |
$ 450,000,000 |
|
Lehman Brothers Inc. |
$ 450,000,000 |
|
Morgan Stanley & Co. Incorporated |
$ 450,000,000 |
|
Co-Managers: |
|
|
Castle Oak Securities, L.P. |
$ 45,000,000 |
|
Robert Van Securities, Inc. |
$ 45,000,000 |
|
Samuel A. Ramirez & Co., Inc. |
$ 45,000,000 |
|
Utendahl Capital Partners, L.P. |
$ 40,000,000 |
|
The Williams Capital Group, L.P. |
$ 25,000,000 |
|
Total |
$ 2,000,000,000 |
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 424(b)(3) |
|
Dated April 16, 2008 |
|
Registration Statement: No. 333-132807 |
Additional Information:
Reopening of Issue
The Notes are intended to be fully fungible and be consolidated and form a single issue for all purposes with the Issuers issue of US $ 4,000,000,000 principal amount of Fixed Rate Notes due January 14, 2038 as described in the Issuers pricing supplement number 4708 dated January 8, 2008.
General
At December 31, 2007, the Company had outstanding indebtedness totaling $496.00 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 December 31, 2007, excluding subordinated notes payable after one year, was equal to $484.93 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 , |
||||
|
2003 |
2004 |
2005 |
2006 |
2007 |
|
1.73 |
1.83 |
1.67 |
1.63 |
1.56 |
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.