Obligation General Electric Co. 4.2% ( US369604BP74 ) en USD

General Electric Co.

100 % ▲

Etas-Unis

US369604BP74 ( en USD )

4.2% par an ( paiement semestriel )

Perpétuelle - Obligation échue

Prospectus brochure de l'obligation General Electric US369604BP74 en USD 4.2%, échue

1 000 USD

1 094 100 000 USD

369604BP7

BBB- ( Qualité moyenne inférieure )

N/A

General Electric est une société multinationale américaine opérant dans divers secteurs industriels, notamment l'énergie, l'aviation, les soins de santé et les technologies financières.

L'obligation perpétuelle General Electric (ISIN : US369604BP74, CUSIP : 369604BP7), émise aux États-Unis pour un montant total de 1 094 100 000 USD avec un prix actuel de marché de 100%, un taux d'intérêt de 4,2% payable deux fois par an et une taille minimale d'achat de 1 000 USD, notée BBB- par Standard & Poors, est arrivée à maturité et a été remboursée.

General Electric Capital Corporation
201 High Ridge Road
Stamford, Connecticut 06927
United States of America
(the Issuer)

Notice

relating to the series of notes

GECC 5,25% 07/12/2028

with ISIN XS0096298822;
GECC 5,375% 18/12/2040

with ISIN XS0182703743;
GECC 5,5% 07/06/2021

with ISIN XS0092499077;
GECC 5,625% 16/09/2031

with ISIN XS0154681737;
GECC 6,06% 27/02/2017

with ISIN XS0142934693;
GECC 6,25% 15/12/2017

with ISIN XS0148124588;
GECC 6,44% 15/11/2022

with ISIN XS0120209027;
issued by the Issuer pursuant to its Euro Medium-Term Notes and Other Debt Securities programme;
and

GECC FRN 13/05/2024

with ISIN US36962GL367
issued by the Issuer pursuant to its Max. USD32.016.605.650.- Global Medium-Term Notes Series A
programme.

Notice is hereby given by the Issuer that the press release attached hereto and which contains information
with respect to the Issuer has been published today.

For further information please refer to the attached press release in the Schedule to this notice.

Executed on 1 December 2015
UNDER NO CIRCUMSTANCES SHALL THIS NOTICE CONSTITUTE AN OFFER TO SELL, OR
ISSUE OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES IN
THE GRAND DUCHY OF LUXEMBOURG.

SCHEDULE
PRESS RELEASE

PRESS RELEASE

GE Commences GE Capital Corporation Reorganization
Holders of GECC Preferred Stock to Receive GE Preferred Stock
FAIRFIELD, Conn. December 1, 2015 General Electric Company (NYSE: GE) today commenced the
previously announced realignment and reorganization (the "Reorganization") of the businesses of General Electric
Capital Corporation ("GECC"), which GE expects to complete by December 3, 2015. The Reorganization is being
effected as part of GE's plan announced on April 10, 2015 (the "GE Capital Exit Plan") to reduce the size of its
financial services businesses through the sale of most of GECC's assets and to focus on continued investment and
growth in GE's industrial businesses.
The following transactions, among others, are expected to occur as part of the Reorganization:
GE will separate GECC's international and U.S. operations;
GECC's international operations will be consolidated under a new international holding company, GE
Capital International Holdings Limited ("GE Capital International Holdings"), which will have a separate
capital structure and be supervised by the U.K. Prudential Regulation Authority;
GE Capital International Holdings will assume the guarantee originally provided by GECC of the notes
issued by GE Capital International Funding Company in the exchange offers completed in October 2015
and will guarantee the outstanding debt obligations of four foreign financing companies that have been
used to finance GECC's operations;
GECC's U.S. operations will be consolidated under a new U.S. holding company, GE Capital US Holdings,
Inc. ("GE Capital US Holdings");
GECC will merge with and into GE (the "GECC/GE Merger") on December 2, 2015 to assure compliance
with debt covenants as GECC exits the assets planned for disposition as part of the GE Capital Exit Plan.
Upon the Merger, the obligations of GECC under its then outstanding debt obligations will be assumed by
GE; and
A new U.S. intermediate holding company owned by GE, GE Capital Global Holdings, will replace GECC
as the holding company of GECC's operations and become the holding company of GE Capital
International Holdings and GE Capital US Holdings.
The completion of these actions represents a critical milestone on our path toward applying for de-designation as a
nonbank systemically important financial institution ("nonbank SIFI") in the first quarter of 2016.
GE Preferred Stock
In addition, as part of the Reorganization, in a series of transactions effected under Delaware corporate law, the
holders of the three outstanding series of preferred stock issued by GECC with an aggregate liquidation preference
of $5.0 billion will receive on December 3, 2015 preferred stock to be newly issued by GE in three corresponding
series (the "New GE Preferred Stock") with an aggregate liquidation preference of approximately $5.9 billion.
The amounts of New GE Preferred Stock to be received for each share of existing GECC preferred stock and the
terms of the New GE Preferred Stock have been determined in order to provide holders of existing GECC preferred
at least equivalent value. The terms have also been designed so that the New GE Preferred Stock continues to be
eligible for the dividends received deduction and to avoid treatment of the New GE Preferred Stock as "fast pay
stock" for U.S. federal income tax purposes. Instruments characterized as "fast pay stock" are subject to onerous
Page 1 of 5

information reporting obligations, and many market participants are either unable or unwilling to own instruments
so characterized.
As a result, holders of existing GECC preferred stock that continue to hold on December 3, 2015 will automatically
receive:
New Series A: 123.45 shares (or $123,450 aggregate liquidation preference) of GE's 4.00% Fixed-to-
Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, $1.00 par value, with a liquidation
preference of $1,000 per share (the "New Series A") for each share of GECC's 7.125% Fixed-to-Floating
Rate Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value, with a liquidation preference of
$100,000 per share (the "Old Series A"), held;
New Series B: 118.43 shares (or $118,430 aggregate liquidation preference) of GE's 4.10% Fixed-to-
Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B, $1.00 par value, with a liquidation
preference of $1,000 per share (the "New Series B") for each share of GECC's 6.250% Fixed-to-Floating
Rate Non-Cumulative Perpetual Preferred Stock, Series B, $0.01 par value, with a liquidation preference of
$100,000 per share (the "Old Series B"), held; and
New Series C: 109.41 shares (or $109,410 aggregate liquidation preference) of GE's 4.20% Fixed-to-
Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, $1.00 par value, with a liquidation
preference of $1,000 per share (the "New Series C") for each share of GECC's 5.25% Fixed-to-Floating
Rate Non-Cumulative Perpetual Preferred Stock, Series C, $0.01 par value, with a liquidation preference of
$100,000 per share (the "Old Series C"), held.
No fractional shares or fractional share certificates will be distributed. Instead, fractions will be bundled and sold
and the cash proceeds therefrom (without interest) will be delivered in lieu of fractional shares.
The transactions pursuant to which holders of existing GECC preferred stock will receive New GE Preferred
Stock will be carried out under the applicable provisions of the General Corporation Law of the State of Delaware
(the "DGCL"), and holders of existing GECC preferred stock are not entitled to vote on or consent to these
transactions. However, holders of existing GECC preferred stock that continue to hold through December 3, 2015
will be eligible to exercise appraisal rights to the extent set forth in Section 262 of the DGCL.
Interim Dividend. The holders of existing GECC preferred stock that continue to hold as of the close of business on
December 2, 2015 will receive cash representing an interim cash dividend through and including December 2, 2015
on the existing GECC preferred stock, in an amount equal to $3,325.00 per share of Old Series A, $2,916.67 per
share of Old Series B and $2,450.00 per share of Old Series C.
Dividends. GE will pay, to the extent of lawfully available funds, dividends on each series of the New GE Preferred
Stock, when, as and if declared by our board of directors (the "Board") (or a duly authorized committee thereof) as
set forth below:
New Series A. With respect to the New Series A, dividends from and including December 3, 2015 to, but
excluding, June 15, 2022 at a rate of 4.00% per annum, payable semi-annually, in arrears, on June 15 and
December 15 of each year, beginning on December 15, 2015; and, from and including June 15, 2022, at a
floating rate equal to three-month LIBOR plus a spread of 2.28% per annum, payable quarterly, in arrears,
on March 15, June 15, September 15 and December 15 of each year, beginning on September 15, 2022.
New Series B. With respect to the New Series B, dividends from and including December 3, 2015 to, but
excluding, December 15, 2022 at a rate of 4.10% per annum, payable semi-annually, in arrears, on June 15
and December 15 of each year, beginning on December 15, 2015; and, from and including December 15,
2022, dividends at a floating rate equal to three-month LIBOR plus a spread of 2.32% per annum, payable
quarterly, in arrears, on March 15, June 15, September 15 and December 15 of each year beginning on
March 15, 2023.
Page 2 of 5

New Series C. With respect to the New Series C, dividends from and including December 3, 2015 to, but
excluding, June 15, 2023 at a rate of 4.20% per annum, payable semi-annually, in arrears, on June 15 and
December 15 of each year, beginning on December 15, 2015; and, from and including June 15, 2023,
dividends at a floating rate equal to three-month LIBOR plus a spread of 2.37% per annum, payable
quarterly, in arrears, on March 15, June 15, September 15 and December 15 of each year beginning on
September 15, 2023.
Dividend Payments
Fixed
Floating
Dates
Dates
Rate (3-
month
Series
Payment
Payment
To (but
Rate
Beginning
From (and
LIBOR
Beginning
From
Dates
Dates
excluding)
including)
plus a
spread of)
New
June 15,
June 15,
September
Series
4.00%
2.28%
2022
2022
March 15,
15, 2022
A
June 15
June 15,
New
December
December
and
December
December
September
March 15,
Series
4.10%
2.32%
3, 2015
15, 2022
December
15, 2015
15, 2022
15 and
2023.
B
15
December
New
June 15,
June 15,
15
September
Series
4.20%
2.37%
2023
2023
15, 2023
C

The dividend payment dates for the New GE Preferred Stock are the same as the dividend payment dates for the
existing GECC preferred stock. Dividends on each series of the New GE Preferred Stock, like the existing GECC
preferred stock, will not be cumulative and will not be mandatory. If GE's Board (or a duly authorized committee
thereof) does not declare a dividend on any series of New GE Preferred Stock in respect of a dividend period, then
no dividend shall be deemed to have accrued for such dividend period, be payable on the applicable dividend
payment date (as defined herein) or be cumulative, and GE will have no obligation to pay any dividend for that
dividend period, whether or not GE's Board (or a duly authorized committee thereof) declares a dividend for any
future dividend period on such series of New GE Preferred Stock, on any other series of New GE Preferred Stock or
on any other series of our preferred stock or common stock, or upon a redemption in whole or in part of any series of
the New GE Preferred Stock.
Redemption. GE may redeem any of the New GE Preferred Stock, at its option, to the extent of lawfully available
funds, in whole or in part, from time to time, on any dividend payment date on or after June 15, 2022 (in respect of
the New Series A), December 15, 2022 (in respect of the New Series B) or June 15, 2023 (with respect to the New
Series C), in each case, at a redemption price equal to $1,000 per share, plus any declared and unpaid dividends to,
but not including, the redemption date of the relevant series of the New GE Preferred Stock. These dates correspond
to the same redemption dates under the existing GECC preferred stock. The optional redemption provisions under
the existing GECC preferred stock relating to a regulatory capital event have not been included in the New GE
Preferred Stock because GE itself is not subject to regulatory capital requirements.

Page 3 of 5

Comparison of Terms. Below is a summary of certain differences between the existing GECC preferred stock and
the New GE Preferred Stock:
Terms
Existing GECC Preferred Stock
New GE Preferred Stock
Par Value:
$0.01 per share
$1.00 per share
Liquidation Preference:
$100,000 per share
$1,000 per share
Optional Redemption Price, per share (plus any
declared and unpaid dividends to but not
$100,000
$1,000
including the redemption date):
Series A
$2,250,000,000
$2,777,625,000
Aggregate Liquidation Preference:
Series B
$1,750,000,000
$2,072,525,000
Series C
$1,000,000,000
$1,094,100,000
Series A
22,500 shares
2,777,625 shares
Number of Shares:
Series B
17,500 shares
2,072,525 shares
Series C
10,000 shares
1,094,100 shares
Series A
7.125%
4.00%
Fixed Rate
Series B
6.250%
4.10%
Periods
Dividend Rates
Series C
5.25%
4.20%
(Non-
Floating Rate
Series A
5.296%
2.28%
Cumulative)
Periods
Series B
4.704%
2.32%
(3-month
LIBOR plus a
Series C
2.967%
2.37%
spread of)
Existing GECC preferred stock
New GE Preferred Stock
could be redeemed in the event of
does not contain similar
certain regulatory capital events,
provisions.
and any redemption was subject to
prior approval by the Federal
Regulatory Capital Redemption
Reserve Board and to the
satisfaction of certain conditions
set forth in the capital guidelines
or regulations of the Federal
Reserve Board.
The New GE Preferred Stock will have the following CUSIP Numbers and ISINs:
CUSIP
New Notes
ISIN
Number
New Series A
369604 BM4
US369604BM44
New Series B
369604 BN2
US369604BN27
New Series C
369604 BP7
US369604BP74

Page 4 of 5

Additional Information
The New GE Preferred Stock is being issued pursuant to an effective registration statement filed under the Securities
Act of 1933. A copy of the prospectus supplement and related prospectus pursuant to which the New GE Preferred
Stock will be issued may be obtained free of charge by requesting a copy from Brigid M. Tobin (Investor Relations)
(203 357 4732) at: [email protected] or 201 High Ridge Road, Stamford, CT 06905-3417.
Forward-Looking Statements
This communication contains "forward-looking statements" --that is, statements related to future, not past, events.
In this context, forward-looking statements often address our expected future business and financial performance
and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek,"
"see," "will," "would," or "target." Forward-looking statements by their nature address matters that are, to different
degrees, uncertain, such as statements about the consummation of the Reorganization, the GECC/GE Merger and the
issuance of the New GE Preferred Stock. Uncertainties that could cause our actual results to be materially different
than those expressed in our forward-looking statements include the failure to consummate any of these transactions
or to make or take any filing or other action required to consummate any such transaction on a timely matter or at
all. These or other uncertainties may cause our actual future results to be materially different from those expressed in
our forward-looking statements.
Investor Contact:
Matt Cribbins, 203.373.2424
[email protected]

Media Contact:
Seth Martin, 203.572.3567
[email protected]
Page 5 of 5

Document Outline

#1">LU-#9885182-v1-Hubble_-_Notice_for_LxSE_-_Press_release_-_1_December_2015
#3">1201 GE Capital Reorg_Preferred_Press Release