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PROSPECTUS |
Pricing Supplement No. 4086 |
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Dated June 17, 2004 |
Dated October 26, 2004 |
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PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
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Dated June 18, 2004 |
No. 333-114095 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
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Trade Date: |
October 26, 2004 |
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Settlement Date (Original Issue Date): |
October 29, 2004 |
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Maturity Date: |
December 15, 2009 |
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Principal Amount (in Specified Currency) |
US$ 1,000,000,000 |
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Price to Public (Issue Price): |
99.750% |
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Agent's Discount or Commission: |
0.250% |
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Net Proceeds to Issuer (in Specified Currency): |
US$995,000,000 |
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Interest Rate Per Annum: |
3.75% |
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Interest Payment Date(s): |
June 15 and December 15 of each year commencing June 15, 2005 (with respect to the period from and including October 29, 2004 to but excluding June 15, 2005) and ending on the Maturity Date. |
Clearance and Settlement:
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DTC Only |
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X |
DTC global (including through its indirect participants Euroclear and Clearstream, Luxembourg as described under "Global Clearance and Settlement Procedures" in the accompanying Prospectus Supplement) |
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DTC and Euroclear/Clearstream, Luxembourg (as described under "Description of Notes - General - Special Provisions Relating to Certain Foreign Currency Notes" in the accompanying Prospectus Supplement). |
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Euroclear and Clearstream, Luxembourg only |
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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(Fixed Rate) |
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Page 2 |
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Pricing Supplement No. 4086 |
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Dated October 26, 2004 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-114095 |
CUSIP: 36962GM27
ISIN: US36962GM274
Common Code: 020469374
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
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
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(Fixed Rate) |
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Page 3 |
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Pricing Supplement No. 4086 |
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Dated October 26, 2004 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-114095 |
Listing:
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Listed on the Luxembourg Exchange |
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X |
Not Listed on the Luxembourg Exchange |
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Other Listing |
Additional Information:
General.
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 , |
Nine Months Ended September 30, 2004 |
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1999 |
2000 |
2001 |
2002 |
2003 |
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1.60 |
1.52 |
1.72 |
1.65 |
1.86 |
1.85 |
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.
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(Fixed Rate) |
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Page 4 |
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Pricing Supplement No. 4086 |
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Dated October 26, 2004 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-114095 |
Plan of Distribution:
The Notes are being purchased by the following financial institutions in their respective amounts (collectively, the "Underwriters"), as principal, at 99.750% of the aggregate principal amount less an underwriting discount equal to 0.250% of the principal amount of the Notes.
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Institution Joint Lead Managers: |
Commitment |
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Credit Suisse First Boston LLC |
$313,333,000 |
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J.P. Morgan Securities Inc. |
$313,334,000 |
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Lehman Brothers Inc. |
$313,333,000 |
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Co-Managers: |
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Guzman & Company |
$20,000,000 |
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Ormes Capital Markets Inc. |
$20,000,000 |
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Samuel A. Ramirez & Co. Inc. |
$20,000,000 |
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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.