GECC SERIES A FIXED RATE PRICING SUPPLEMENT
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PROSPECTUS |
Pricing Supplement No. 3751 |
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Dated April 9, 2002 |
Dated May 13, 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: May 13, 2002
Settlement Date (Original Issue Date): May 23, 2002
Maturity Date: May 23, 2005
Principal Amount (in Specified Currency): US$ 160,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.1750%
Net Proceeds to Issuer: US$ 159,720,000
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 Rateo Federal Funds Rate (See "Additional Terms - Interest" below)
n LIBOR
o Prime Rate o Treasury Rateo Other (See "Additional Terms - Interest" below)
Spread (Plus or Minus): Three Month USD LIBOR plus 16 basis points
Spread Multiplier: N/A
Index Maturity: Three Months
Index Currency: U.S. Dollars
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. 3751 |
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Dated May 13, 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 May 23, August 23, November 23 and February 23, commencing August 23, 2002.
Initial Interest Rate: To be determined two London Business Days prior to the Original Issue Date based on the three month USD LIBOR plus 16 basis points.
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.
Form of Notes:
X DTC registered ___ non-DTC registered
CUSIP No.: 36962GYR9
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. 3751 |
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Dated May 13, 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:
General.
At March 30, 2002 the Company had outstanding indebtedness totaling $231.585 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 30, 2002 excluding subordinated notes payable after one year was equal to $230.700 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:
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Year Ended December 31, |
Three Months ended March 30, 2002 |
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1997 |
1998 |
1999 |
2000 |
2001 |
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1.48 |
1.50 |
1.60 |
1.52 |
1.72 |
1.43 |
Plan of Distribution:
The Notes are being purchased by J.P. Morgan Securities Inc. (the "Underwriter"), as principal, at the Issue Price of 100.00% of the aggregate principal amount less an underwriting discount equal to 0.1750% 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.