| PROSPECTUS | Pricing Supplement No. 4270 |
| Dated May 17, 2005 | Dated December 15, 2005 |
| PROSPECTUS SUPPLEMENT | Rule 424(b)(3)-Registration Statement |
| Dated August 24, 2005 | No. 333-123085 |
| Issuer: | General Electric Capital Corporation |
| Ratings: | Aaa/AAA |
| Trade Date: | December 15, 2005 |
| Settlement Date (Original Issue Date): | January 5, 2006 |
| Maturity Date: | January 5, 2009 |
| Principal Amount: | U.S.$ 1,000,000,000 |
| Price to Public (Issue Price): | 100.00% |
| Agent's Commission: | 0.150% |
| All-in Price: | 99.85% |
| Accrued Interest: | None |
| Net Proceeds to Issue: | U.S.$ 998,500,000 |
| Interest Rate Basis: | LIBOR, as determined by LIBOR Telerate |
| Index Currency: | U.S. Dollars |
| Spread (Plus or Minus) | Plus 0.04% |
| Index Maturity: | Three Months |
| Interest Payment Period: | Quarterly |
| Interest Payment Dates: | Quarterly on each April 5, July 5, October 5, and January 5, ending on the |
| Maturity Date | |
| Initial Interest Rate: | To be determined two London Business Days prior to the Original Issue |
| Date based on three month USD LIBOR plus 0.04% | |
| 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 |
| Day Count Convention: | Actual/360 |
| Denominations: | Minimum of $1,000 with increments of $1,000 thereafter |
| Redemption Dates: | None |
| Put Dates: | None |
| Settlement: | DTC |
| CUSIP: | 36962GT79 |
| (Floating Rate) | |
| Page 2 | |
| Pricing Supplement No. 4270 | |
| Dated December 15, 2005 | |
| Rule 424(b)(3)-Registration Statement | |
| No. 333-123085 |
Additional Information:
Reopening of Issue:
The Notes are intended to be fully fungible and be consolidated and form a single issue for all purposes with the company's issue of US$ 1,000,000,000 Floating Rate Notes due January 5, 2009 as described in the company's pricing supplement number 4269 dated December 12, 2005.
General
At
September 30, 2005, the Company had outstanding indebtedness totaling $344.022 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 30, 2005, excluding subordinated notes payable after one year was equal to $341.143
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, | Nine Months Ended | ||||
|
2000
|
2001 | 2002 | 2003 | 2004 | September 30, 2005 |
| (Restated) | (Restated) | (Restated) | (Restated) | ||
|
1.52
|
1.73 | 1.66 | 1.86 | 1.89 | 1.82 |
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 the following financial institutions in their respective amounts (collectively, the “Underwriters”), as principal, at 100% of the aggregate principal amount less an underwriting discount equal to 0.15 % of the principal amount of the Notes.
| |
Commitment
|
| Lead Managers: | |
| Merrill Lynch, Pierce, Fenner & | $400,000,000 |
| Smith Incorporated | |
| Barclays Capital Inc. | $400,000,000 |
| Co-Manager: | |
| Bank of America Securities LLC | $200,000,000 |
| Total | $1,000,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.