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PROSPECTUS |
Pricing Supplement No. 3689 |
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Dated August 31, 2001 |
Dated January 18, 2002 |
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PROSPECTUS SUPPLEMENT |
Rule 424(b)(3)-Registration Statement |
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Dated September 5, 2001 |
No. 333-40880 and 333-66560 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: January 18, 2002
Settlement Date (Original Issue Date): January 23, 2002
Maturity Date: January 23, 2003
Principal Amount (in Specified Currency): USD 100,000,000
Price to Public (Issue Price): The Notes are being purchased by the Agent at 100% of their principal amount and will be resold by the Agent 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 100,000,000
Interest Rate per annum 2.210%:
Interest Payment Dates: Semi-Annually on each January 23 and July 23 of each year commencing, July 23, 2002
Form of Notes:
x DTC registered o non-DTC registered
CUSIP No: 36962GXF6
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. 3689 |
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Dated January 18, 2002 |
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Rule 424(b)(3)-Registration Statement |
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No. 333-40880 and 333-66560 |
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
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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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Recent Developments.
On July 2, 2001, General Electric Capital Corporation changed its state of incorporation from New York to Delaware.
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(Fixed Rate) |
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Page 3 |
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Pricing Supplement No. 3689 |
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Dated January 18, 2002 |
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Rule 424(b)(3)-Registration Statement No. 333-40880 and 333-66560 |
Additional Information
:General.
At September 29, 2001, the Company had outstanding indebtedness totaling $205.043 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 September 29, 2001 excluding subordinated notes payable after one year was equal to $204.345 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, |
Nine Months Ended September 29, 2001 |
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1996 |
1997 |
1998 |
1999 |
2000 |
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1.53 |
1.48 |
1.50 |
1.60 |
1.52 |
1.69 |
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
:GECC Capital Markets Group, Inc. is acting as Agent in connection with the distribution of the Notes. The Agent will receive a selling commission equal to 0.0% of the principal amount of the Notes. The Agent has advised the Issuer that the Agent proposes to offer the Notes from time to time for sale in negotiated transactions or otherwise, at prices determined at the time of sale.