Obligation General Electric Co. 0% ( US36962GL771 ) en USD

General Electric Co.

100 % ⇌

Etas-Unis

US36962GL771 ( en USD )

0%

15/10/2044

Prospectus brochure de l'obligation General Electric US36962GL771 en USD 0%, échéance 15/10/2044

1 000 USD

41 251 000 USD

36962GL77

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.

Un examen approfondi de l'obligation à code ISIN US36962GL771 (CUSIP : 36962GL77) révèle une émission significative de la part de General Electric (GE), un conglomérat industriel américain emblématique, historiquement diversifié et actuellement connu pour son expertise dans des secteurs clés tels que l'aéronautique, l'énergie et la santé, dont les titres de dette sont émis depuis les États-Unis. Cette obligation se distingue fondamentalement par son taux d'intérêt nominal de 0%, la classant comme une obligation à coupon zéro, ce qui signifie qu'aucun paiement d'intérêts périodique n'est effectué au porteur durant sa vie, le rendement pour l'investisseur étant généré par la différence entre le prix d'achat et la valeur faciale remboursée à l'échéance, et ce, malgré une fréquence de paiement indiquée à 2. Actuellement cotée à 100% de sa valeur nominale sur le marché, cette obligation est libellée en dollars américains (USD) et présente une maturité à très long terme fixée au 15 octobre 2044, offrant ainsi une visibilité prolongée aux investisseurs. Le montant total de l'émission s'élève à 41 251 000 USD, avec une taille minimale d'achat de 1 000 USD, rendant l'accès possible à un éventail d'investisseurs. La qualité de crédit de cette dette est évaluée par des agences de notation reconnues : elle reçoit une notation 'BBB+' de Standard & Poor's (S&P) et 'Baa1' de Moody's, des grades situés dans la catégorie 'investissement' qui indiquent un risque de crédit modéré, conférant à cette obligation un profil acceptable pour de nombreux portefeuilles.

PROSPECTUS
424B3 1 mtn4083.htm
PROSPECTUS
Pricing Supplement No. 4083
Dated June 17, 2004
Dated October 15, 2004
PROSPECTUS SUPPLEMENT
Rule 424(b)(3)-Registration Statement
Dated June 18, 2004
No. 333-114095

GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)

Trade Date:
October 15, 2004
Settlement Date (Original Issue Date):
October 20, 2004
Maturity Date:
October 15, 2044
Principal Amount (in Specified Currency)
US$ 41,251,000
Price to Public (Issue Price):
100.00%
Agent's Discount or Commission:
1.00%
Net Proceeds to Issuer (in Specified Currency):
US$ 40,838,490
Interest Rate:

Interest Calculation:
n Regular Floating Rate
· Inverse Floating Rate
· Other Floating Rate
Interest Rate Basis:
LIBOR
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Index Currency:
U.S. Dollars
Spread (Plus or Minus)
Minus .25%
Index Maturity:
One Month
Spread Multiplier:
N/A
Index Maturity:
Monthly
Maximum Interest Rate:
N/A
Minimum Interest Rate:
N/A
Interest Payment Period:
Monthly
Interest Payment Dates:
Monthly on the 15th of each month, commencing
November 15, 2004.
Initial Interest Rate:
To be determined two London Business Days prior to
the Original Issue Date based on one month USD
LIBOR minus 25 basis points
Interest Reset Periods and Dates:
Monthly on each Interest Payment Date
Interest Determination Dates:
Monthly, two London Business Days prior to each
Interest Reset Date.

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.

(Floating Rate)

Page 2

Pricing Supplement No. 4083

Dated October 15, 2004

Rule 424(b)(3)-Registration Statement

No. 333-114095
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Clearance and Settlement:
X

DTC Only

DTC global (including through its indirect participants Euroclear and Clearstream,
Luxembourg as described under "Global Clearance and Settlement Procedures" in the
accompanying Prospectus Supplement)

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).

Euroclear and Clearstream, Luxembourg only
CUSIP No.: 36962GL77
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
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PROSPECTUS
Amortizing Notes:
Amortization Schedule: N/A

(Floating Rate)

Page 3

Pricing Supplement No. 4083

Dated October 15, 2004

Rule 424(b)(3)-Registration Statement

No. 333-114095
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
Listing:

Listed on the Luxembourg Exchange
X

Not Listed on the Luxembourg Exchange
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PROSPECTUS

Other Listing
Additional Terms:
General.
The following description of the terms of the Notes offered hereby supplements, and to the extent inconsistent
therewith replaces, insofar as such description relates to the Notes, the description of the general terms and
provisions of the Notes set forth in the accompanying Prospectus dated June 17, 2004 and Prospectus
Supplement, dated June 18, 2004.
Redemption of the Notes.
The Notes may not be redeemed prior to October 15, 2034. On that date and thereafter the Notes may be
redeemed, at the option of the Company, in whole or in part, at the redemption prices (in each case expressed as
a percentage of the principal amount) set forth in the following table, together in each case with interest accrued
to the date fixed for redemption (subject to the right of the registered holder on the record date for an interest
payment becoming due on or prior to such date fixed for redemption to receive such interest):

(Floating Rate)

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Pricing Supplement No. 4083

Dated October 15, 2004

Rule 424(b)(3)-Registration Statement

No. 333-114095

If Redeeming During
The Period Redemption
Set Forth Below Price
October 15, 2034 through October 14, 2035 105.00%
October 15, 2035 through October 14, 2036 104.50%
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October 15, 2036 through October 14, 2037 104.00%
October 15, 2037 through October 14, 2038 103.50%
October 15, 2038 through October 14, 2039 103.00%
October 15, 2039 through October 14, 2040 102.50%
October 15, 2040 through October 14, 2041 102.00%
October 15, 2041 through October 14, 2042 101.50%
October 15, 2042 through October 14, 2043 101.00%
October 15, 2043 through October 14, 2044 100.50%
October 15, 2044 100.00%
In the event of any redemption of less than all the outstanding Notes, the particular Notes (or portions thereof in
integral multiples of $1,000) to be redeemed will be selected by the Trustee by such method as the Trustee shall
deem fair and appropriate.
Notice of redemption shall be provided at least 30 and not more than 60 calendar days prior to the date fixed for
redemption as described under "DESCRIPTION OF NOTES--Optional Redemption" in the accompanying
Prospectus Supplement.
Repayment at Option of Holder.
Any Note will be repayable at the option of the holder thereof, upon written notice as provided in the Note, on
the Interest Payment Dates and at the repayment prices (in each case expressed as a percentage of the principal
amount) set forth in the following table, together in each case with interest accrued to the date of repayment
(subject to the right of the registered holder on the record date for an interest payment becoming due on or prior
to such date of repayment to receive such interest):
Repayment Date Price
October 15, 2006 98.00%
October 15, 2007 98.25%
October 15, 2008 98.50%
October 15, 2009 98.75%
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PROSPECTUS
October 15, 2010 99.00%
October 15, 2011 99.25%
October 15, 2012 99.50%
October 15, 2013 99.75%
October 15, 2014 100.00%
and on each anniversary thereafter until maturity 100.00%
In order for a Note to be repaid, the Paying Agent must receive Notice at least 30 but not more than 60 calendar
days prior to the optional repayment date as described under "DESCRIPTION OF NOTES--Repayment at the
Noteholders' Option; Repurchase" in the accompanying Prospectus Supplement.

(Floating Rate)

Page 5

Pricing Supplement No. 4083

Dated October 15, 2004

Rule 424(b)(3)-Registration Statement

No. 333-114095
Certain United States Tax Considerations.
The following discussion supplements the discussion contained in the Prospectus Supplement dated June 18,
2004 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, 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 25 percent of the gross receipts of such corporation for such preceding taxable
year (the "Passive Income Test"). 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
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section 354 of the Code (which generally does not include short-term debt instruments) may also be relevant in
applying section 1042. The Company 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 controlled by one or more other corporations, all such corporations are treated as one
corporation (the "Affiliated Group") for purposes of computing the amount of l) passive investment income for
purposes of section 1042. The Company believes that less than 25 percent of its Affiliated Groups gross receipts
(which includes the General Electric Company and its controlled subsidiaries) are passive investment income for
the taxable year ending December 31, 2003. In making this determination, the Company has made certain
assumptions and used procedures which it believes are reasonable. However, the calculation and characterization
of certain types of income (as active or passive investment income) in certain of the Affiliated Groups finance
and insurance companies (the "Finance Companies") is not entirely clear as there are no Treasury regulations or
rulings promulgated by the IRS that explain the calculation and characterization of such income in circumstances
similar to those of the Companys Affiliated Group. Even if such categories of income were treated as passive
investment income, the Company believes that the Affiliated Groups passive investment income did not exceed
more than 25 percent of the Affiliated Groups gross receipts for the taxable year ending December 31, 2003. No
assurance can be given as to whether the Company will continue to meet the Passive Income Test. It is, in
addition, possible that the IRS may disagree with the manner in which the Company has calculated the Affiliated
Groups gross receipts (including the characterization thereof) and passive investment income and the other
conclusions reached herein.

(Floating Rate)

Page 6

Pricing Supplement No. 4083

Dated October 15, 2004

Rule 424(b)(3)-Registration Statement

No. 333-114095

Additional Information:
General.

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PROSPECTUS
At June 30, 2004, the Company had outstanding indebtedness totaling $316.226 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 June 30, 2004, excluding subordinated notes payable after one year
was equal to $315.333 billion.
Consolidated Ratio of Earning 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,

Six Months Ended
June 30, 2004
1999
2000
2001
2002
2003

1.60
1.52
1.72
1.65
1.86
1.73

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.
Plan of Distribution:
The Notes are being purchased by the following financial institutions in their respective amounts (collectively,
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
Citigroup Global Markets Inc.
$ 5,300,000
Deutsche Bank Securities Inc.
5,000,000
UBS Securities LLC
$30,951,000
Total
$41,251,000
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
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Document Outline

sec.gov
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