Obligation General Electric Co. 0% ( US36962G7D05 ) en USD

General Electric Co.

100 % ⇌

Etas-Unis

US36962G7D05 ( en USD )

0%

15/12/2053

Prospectus brochure de l'obligation General Electric US36962G7D05 en USD 0%, échéance 15/12/2053

1 000 USD

67 536 000 USD

36962G7D0

BBB+ ( Qualité moyenne inférieure )

Baa1 ( Qualité moyenne inférieure )

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 émise par General Electric Co. ( Etas-Unis ) , en USD, avec le code ISIN US36962G7D05, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/12/2053

L'Obligation émise par General Electric Co. ( Etas-Unis ) , en USD, avec le code ISIN US36962G7D05, a été notée Baa1 ( Qualité moyenne inférieure ) par l'agence de notation Moody's.

L'Obligation émise par General Electric Co. ( Etas-Unis ) , en USD, avec le code ISIN US36962G7D05, a été notée BBB+ ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

http://www.sec.gov/Archives/edgar/data/40554/000093041313005780/c...
424B2 1 c75915_424b2.htm
CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities Offered
Maximum Aggregate Offering Price
Amount of Registration Fee
Senior Notes
$67,536,000
$8,698.64

PROSPECTUS
Pricing Supplement Number: 6423
Dated December 5, 2012
Filed Pursuant to Rule 424(b)(2)
PROSPECTUS SUPPLEMENT
Dated December 12, 2013
Dated May 17, 2013
Registration Statement: No. 333-178262

GENERAL ELECTRIC CAPITAL CORPORATION

GLOBAL MEDIUM-TERM NOTES, SERIES A

(Senior Unsecured Floating Rate Notes)
Investing in these notes involves risks. See "Risk Factors" in Item 1A of our Annual Report on Form
10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission and in
the Prospectus and Prospectus Supplement pursuant to which these notes are issued.
Issuer:
General Electric Capital Corporation
Trade Date:
December 12, 2013
Settlement Date (Original Issue
December 17, 2013
Date):
Maturity Date:
December 15, 2053
Principal Amount:
US$67,536,000
Price to Public (Issue Price):
100%
Agents Commission:
1.00%
All-in Price:
99.00%
Net Proceeds to Issuer:
US$66,860,640
Interest Rate Basis (Benchmark):
LIBOR, as determined by Reuters
Spread (plus or minus):
Minus 0.25%
Minimum interest rate:
0.00%
Index Currency:
U.S. Dol ars
Index Maturity:
One Month
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Page 2
Filed Pursuant to Rule 424(b)(2)
Dated December 12, 2013
Registration Statement No. 333-178262

Index Payment Period:
Monthly
Interest Payment Dates:
Interest is payable monthly on the 15th day of every month,
commencing on January 15, 2014 and ending on the Maturity Date.
Short first coupon.
Initial Interest Rate:
To be determined two London Business Days prior to the Original
Issue Date
Interest Reset Periods and
Monthly on each Interest Payment Date
Dates:
Interest Determination Dates:
Monthly, two London Business Days prior to each Interest Reset
Date
Day Count Convention:
Actual/360, Modified Fol owing Adjusted
Business Day Convention:
New York
Denominations:
Minimum of $1,000 with increments of $1,000 thereafter
Call Dates:
The Notes may be redeemed at the option of the Issuer
commencing December 15, 2043. See "Additional Terms,
Redemption of the Notes" below
Put Dates:
The Notes wil be repayable at the option of the holder commencing
December 15, 2015. See "Additional Terms, Repayment at Option
of Holder" below
CUSIP:
36962G7D0
ISIN:
US36962G7D05

Redemption of the Notes.
The Issuer may at its option elect to redeem the Notes, in whole or in part, in increments of $1,000 or any
multiple of $1,000, upon not less than 30 nor more than 60 days' prior written notice to the holders, on
December 15, 2043 or on any business day thereafter at the fol owing redemption prices corresponding to the
periods set forth below (expressed as a percentage of the principal amount of the Notes), together with any
unpaid accrued interest to the redemption date:

If Redeeming During The Period Set Forth Below
Price
December 15, 2043 through December 14, 2044
105.00%
December 15, 2044 through December 14, 2045
104.50%
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Filed Pursuant to Rule 424(b)(2)
Dated December 12, 2013
Registration Statement No. 333-178262

December 15, 2045 through December 14, 2046
104.00%
December 15, 2046 through December 14, 2047
103.50%
December 15, 2047 through December 14, 2048
103.00%
December 15, 2048 through December 14, 2049
102.50%
December 15, 2049 through December 14, 2050
102.00%
December 15, 2050 through December 14, 2051
101.50%
December 15, 2051 through December 14, 2052
101.00%
December 15, 2052 through December 14, 2053
100.50%
December 15, 2053
100.00%

Repayment at Option of Holder.
The holders of the Notes may elect to cause the Issuer to repurchase the Notes, in whole or in part, in
increments of $1,000 or any multiple of $1,000, upon not less than 30 nor more than 60 days' prior written
notice to the Issuer, on December 15 of each of the years set forth below, at the amounts corresponding to the
years set forth below (expressed as a percentage of the principal amount of the Notes), together with any
unpaid accrued interest to the repayment date:

Repayment Date
Price
December 15, 2015
98.00%
December 15, 2016
98.00%
December 15, 2017
98.00%
December 15, 2018
98.00%
December 15, 2019
99.00%
December 15, 2020
99.00%
December 15, 2021
99.00%
December 15, 2022
99.00%
December 15, 2023
99.00%
December 15, 2024
100.00%
On December 15 of every third year thereafter, commencing on December
100.00%
15, 2027

Certain United States Tax Considerations.
The fol owing discussion supplements the discussion contained in the Issuer's Prospectus Supplement dated
May 17, 2013 under the heading "United States Tax Considerations." Prospective purchasers of Notes are
advised to consult their own tax advisors with respect to tax matters relating to the Notes.

Notes Used as Qualified Replacement Property.
Prospective investors seeking to treat the Notes as "qualified replacement property" for purposes of section
1042 of the Internal Revenue Code of 1986, as amended (the "Code"), should be aware that, in order for the
Notes to constitute such qualified replacement property,
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Filed Pursuant to Rule 424(b)(2)
Dated December 12, 2013
Registration Statement No. 333-178262

the Notes themselves and the issuer must meet certain requirements. In general, qualified replacement
property is a "security" issued by a domestic corporation that did not, for the taxable year preceding the
taxable year in which such security was purchased, have "passive investment income" in excess of twenty-five
percent of such corporation's total gross receipts for such preceding taxable year (the "Passive Income Test")
and which meets the other relevant requirements of section 1042. The term "securities" is defined pursuant to
section 1042 of the Code to include bonds, debentures, notes or other evidences of indebtedness of a
corporation in registered form. The Internal Revenue Service (the "IRS") has in some cases expressed the
view that the definition of "security" in section 354 of the Code (which generally does not include short-term
debt instruments) may also be relevant in applying section 1042. The Issuer does not express any conclusion
on whether the Notes constitute "securities" for purposes of section 1042 of the Code and potential investors
should consult their own tax advisors as to the appropriate characterization of the Notes as qualified
replacement property for this purpose.

In regards to the Passive Income Test, where the issuing corporation is in control of one or more corporations
or such issuing corporation is control ed by one or more other corporations, all such corporations are treated
as one corporation (the "Affiliated Group") for purposes of computing the amount of passive investment
income for purposes of section 1042. The Issuer believes that the Affiliated Group (which includes the General
Electric Company and its control ed subsidiaries) did not, for the taxable year ending December 31, 2012, have
passive investment income in excess of twenty-five percent of the Affiliated Group's gross receipts for the
year then ended. In making this determination, the Issuer has made certain assumptions and used procedures
that it believes are reasonable. No assurance can be given as to whether the Issuer wil continue to meet the
Passive Income Test. In addition, it is possible that the IRS may disagree with the manner in which the Issuer
has calculated the Affiliated Group's gross receipts (including the characterization thereof) and passive
investment income and the conclusions reached.

Plan of Distribution:
The Notes are being purchased by the underwriters listed below (col ectively, the "Underwriters"), as principal,
at 100.00% of the aggregate principal amount less an underwriting discount equal to 1.00% of the principal
amount of the Notes.

Institution
Commitment
UBS Securities LLC
$ 31,578,000
J.P. Morgan Securities LLC
$ 19,150,000
Morgan Stanley & Co., LLC
$ 12,943,000
Merril Lynch, Pierce, Fenner & Smith
$ 3,865,000
Incorporated
Total
$ 67,536,000

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Filed Pursuant to Rule 424(b)(2)
Dated December 12, 2013
Registration Statement No. 333-178262

The Issuer 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.

Legal Matters:

In the opinion of Fred A. Robustelli, as counsel to the Company, when the securities offered by this prospectus supplement
have been executed and issued by the Company and authenticated by the trustee pursuant to the indenture, and delivered
against payment as contemplated herein, such securities will be valid and binding obligations of the Company, enforceable
in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, arrangement or
similar laws affecting the rights and remedies of creditors generally, including, without limitation, the effect of statutory or
other laws regarding fraudulent transfers or preferential transfers, and general principles of equity, including, without
limitation, concepts of materiality, reasonableness, good faith and fair dealing and the possible unavailability of specific
performance, injunctive relief or other equitable remedies, regardless of whether enforceability is considered in a
proceeding of equity or law, provided that such counsel expresses no opinion as to the effect of any waiver of stay,
extension or usury laws or provisions relating to indemnification, exculpation or contribution, to the extent that such
provisions may be held unenforceable as contrary to federal or state securities laws, on the conclusions expressed above.
This opinion is given as of the date hereof and is limited to the Federal laws of the United States, the laws of the State of
New York and the General Corporation Law of the State of Delaware as in effect on the date hereof. In addition, this
opinion is subject to customary assumptions about the genuineness of signatures and certain factual matters, all as stated in
the letter of such counsel dated December 1, 2011, which has been filed as Exhibit 5.1 to the Company's registration
statement on Form S-3 filed with the Securities and Exchange Commission on December 1, 2011.

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