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PROSPECTUS |
Pricing Supplement No. 3648 |
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Dated September 5, 2000 |
Dated July 26, 2001 |
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PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
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Dated September 7, 2000 |
No. 333-40880 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: July 26, 2001
Settlement Date (Original Issue Date): July 30, 2001
Maturity Date: July 30, 2002
Principal Amount (in Specified Currency): USD 1,000,000,000
Price to Public (Issue Price): The Notes are being purchased by the Underwriter at 100% of their principal amount and will be resold by the Underwriter at varying prices determined at the time of sale. For further information with respect to any discounts, commissions or profits on resales of the Notes that may be deemed underwriting discounts or commission, see "Plan of Distribution" below.
Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer: USD 1,000,000,000
Interest Rate Per Annum: 3.8150%
Interest Payment Date(s):
X Semi-Annually on January 30th and July 30th of each year, commencing, January 30, 2002 and on the Maturity Date.
___ Other:
Form of Notes:
X DTC registered ___ non-DTC registered
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.
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(Fixed Rate) |
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Page 2 |
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Pricing Supplement No. 3648 |
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Dated July 26, 2001 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-40880 |
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
Amortizing Notes:
Amortization Schedule: N/A
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
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(Fixed Rate) |
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Page 3 |
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Pricing Supplement No. 3648 |
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Dated July 26, 2001 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-40880 |
Recent Developments.
On July 2, 2001, General Electric Capital Corporation changed its state of incorporation from New York to Delaware.
Additional Information:
General.
At June 30, 2001, the Company had outstanding indebtedness totaling $197.988 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, 2001 excluding subordinated notes payable after one year was equal to $197.290 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:
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Year Ended December 31, |
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Three Months Ended March 31, 2001 |
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1996 |
1997 |
1998 |
1999 |
2000 |
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1.53 |
1.48 |
1.50 |
1.60 |
1.52 |
1.60 |
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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 GECC Capital Markets Group, Inc. (the "Underwriter"), as principal, at 100% of the aggregate principal amount less an underwriting discount equal to 0.00% of the principal amount of the Notes. The Underwriter has advised the Issuer that the Underwriter proposes to offer the Notes from time to time for sale in negotiated transactions or otherwise, at
prices determined at the time of sale.
The Company has agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended.