New Issue: General Electric Capital prices $1 billion notes at Federal Funds plus 40 bps

By Jennifer Chiou

New York, Sept. 17 - General Electric Capital Corp. priced $1 billion of senior unsecured notes (Aaa/AAA) due Sept. 18, 2009 at 99.934 with a coupon of the Federal Funds open rate plus 40 basis points, according to a 424B3 filing with the Securities and Exchange Commission.

Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Lehman Brothers Inc. and Merrill Lynch, Pierce Fenner & Smith Inc. are the underwriters.

General Electric Capital is the financing arm of General Electric Co.

Issuer:	General Electric Capital Corp.
Security description:	Senior unsecured notes
Face amount:	$1 billion
Maturity:	Sept. 18, 2009
Underwriters:	Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce Fenner & Smith Inc.
Coupon:	Federal Funds open plus 40 bps
Price:	99.934
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Pricing date:	Sept. 14
Settlement date:	Sept. 19
Fees:	0.06%

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