calculation of registration fee
|
Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee |
|
Senior Unsecured Notes |
$350,000,000.00 |
$10,745.00 |
|
PROSPECTUS |
Pricing Supplement Number: 4618 |
|
Dated March 29, 2006 |
Filed Pursuant to Rule 424(b)(3) |
|
PROSPECTUS SUPPLEMENT |
Dated May 10, 2007 |
|
Dated March 29, 2006 |
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: |
May 10, 2007 |
|
Settlement Date (Original Issue Date): |
May 15, 2007 |
|
Maturity Date: |
May 4, 2020 |
|
Principal Amount: |
US$350,000,000 (plus accrued interest from and including May 4, 2007 to but excluding May 15, 2007) |
|
Price to Public (Issue Price): |
100.163% |
|
Agents Commission: |
0.330% |
|
All-in Price: |
99.833% |
|
Accrued Interest: |
US$593,541.67 |
|
Net Proceeds to Issuer: |
US$350,009,041.67 |
|
Treasury Benchmark: |
4.625% due February 15, 2017 |
|
Treasury Yield: |
4.652% |
|
Spread to Treasury Benchmark: |
Plus 88 basis points |
|
Reoffer Yield: |
5.532% |
|
Interest Rate per Annum: |
5.550% |
|
Interest Payment Dates: |
|
|
Day Count Convention: |
30/360 |
|
Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter |
|
Call Dates (if any): |
N/A |
|
Call Notice Period: |
N/A |
|
Put Dates (if any): |
N/A |
|
Put Notice Period: |
N/A |
|
CUSIP: |
36962G2T0 |
|
ISIN: |
US36962G2T02 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated May 10, 2007 |
|
Registration Statement: No. 333-132807 |
Investing in the Notes involves risks. See "Risks 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 100.163% of the aggregate principal amount less an underwriting discount equal to 0.330% of the principal amount of the Notes.
|
Institution |
Commitment |
|
Lead Managers |
|
|
Banc of America Securities LLC |
$200,000,000 |
|
Citigroup Global Markets, Inc. |
$150,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
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$750,000,000 principal amount of Fixed Rate Notes due May 4, 2020 as described in the Issuers pricing supplement number 4605 dated April 27, 2007.
General Information
At March 31, 2007, the Company had outstanding indebtedness totaling $443.274 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 31, 2007, excluding subordinated notes payable after one year, was equal to $438.374 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, |
Three Months Ended |
||||
|
2002 |
2003 |
2004 |
2005 |
2006 |
March 31, 2007 |
|
1.43 |
1.77 |
1.87 |
1.70 |
1.64 |
1.48 |
|
Filed Pursuant to Rule 424(b)(3) |
|
Dated May 10, 2007 |
|
Registration Statement: No. 333-132807 |
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.