PROSPECTUS
 

Filed Pursuant to Rule 433

 

Dated July 31, 2006

 

Registration Statement

 

No. 333-132807

GENERAL ELECTRIC CAPITAL CORPORATION

GLOBAL MEDIUM-TERM NOTES, SERIES A

(Floating Rate Notes)

Issuer:

General Electric Capital Corporation

Ratings:

Aaa/AAA

Trade Date:

July 31, 2006

Settlement Date (Original Issue Date):

 

August 3, 2006

Maturity Date:

 

October 21, 2010

Principal Amount:

US$150,000,000

Price to Public (Issue Price):

TBD100.164% (plus accrued interest from and including July 21, 2006 to but excluding August 3, 2006)

Agents Commission:

0.20%

All-in Price:

99.964TBD%

Accrued Interest:

US$TBD304,416.67

Net Proceeds to Issuer:

US$150,250,416.67 (Which includes accrued interest)TBD

Interest Rate Basis

(Benchmark):

LIBOR, as determined by LIBOR Telerate

Index Currency:

Coupon:

U.S. Dollars

LIBOR

LIBOR plus 0.10%

Re-Offer Spread (plus or minus):

Plus 0.06%

Index Maturity:

 

Three Months

Index Payment Period:

Quarterly

Interest Payment Dates:

Quarterly on each January 21, April 21, July 21, and October 21 of each year, commencing October 21July 21, 2006 and ending on the Maturity Date

Page 2

Filed Pursuant to Rule 433

Dated July 31, 2006

Registration Statement

No. 333-132807

 

Initial Interest Rate:

To be determined two London Business days prior to the Original Issue Date.each Interest Reset Date

Interest Reset Periods

and Dates:

Interest Determination Dates:

 

 

Quarterly on each Interest Payment Date

Quarterly, two2 London Business Days prior to each Interest Reset Date

Denominations:

Minimum of $1,000 with increments of $1,000 thereafter.

   

CUSIP:

36962GS70

ISIN:

US36962GS701

Common Code:

023355582

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$1,000,000,000 principal amount of Floating Rate Notes due October 21, 2010 as described in the Issuers pricing supplement number 4240 dated October 18, 2005.

Plan of Distribution:

The Notes are being purchased by J.P. Morgan Securities Inc. (the "Underwriter"), as principal, at TBD100.164% of the aggregate principal amount less an underwriting discount equal to 0.20% of the principal amount of the Notes.

The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

 

 

 

 

 

 

 

 

 

 

 

Page 3

Filed Pursuant to Rule 433

Dated July 31, 2006

Registration Statement

No. 333-132807

 

Additional Information:

At June 30, 2006, the Company had outstanding indebtedness totaling $382.374 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, 2006, excluding subordinated notes payable after one year, was equal to $379.581 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,

   

Six Months ended

June 30,

2001

2002

2003

2004

2005

2006

           

1.56

1.62

1.71

1.82

1.66

1.62

At March 31, 2006, the Company had outstanding indebtedness totaling $359.920 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, 2006, excluding subordinated notes payable after one year, was equal to $357.254 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

March 31,

2001

2002

2003

2004

2005

2006

           

1.56

1.62

1.71

1.82

1.66

1.63

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.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting the SEC Web site at www.sec.gov. Alternatively, the issuer or the underwriter(s) participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc. at 212-834-4533 or Investor Communications of the issuer at 1-203-357-3950.