Filed Pursuant to Rule 433
Dated October 1, 2012
Registration Statement: 333-177804
Pricing Term Sheet
General Electric Company
October 1, 2012
$2,000,000,000 0.850% Notes due 2015
$3,000,000,000 2.700% Notes due 2022
$2,000,000,000 4.125% Notes due 2042
| Issuer: | General Electric Company | ||
| Trade Date: | October 1, 2012 | ||
|
Settlement Date:
|
October 9, 2012 (T+5) | ||
| Title: | 0.850% Notes due 2015 | 2.700% Notes due 2022 | 4.125% Notes due 2042 |
| Expected Ratings*: | Aa3 / AA+ | Aa3 / AA+ | Aa3 / AA+ |
| Principal Amount: | $2,000,000,000 | $3,000,000,000 | $2,000,000,000 |
| Maturity Date: | October 9, 2015 | October 9, 2022 | October 9, 2042 |
| Coupon: | 0.850% | 2.700% | 4.125% |
| Benchmark Treasury: | UST 0.250% 09/15/2015 | UST 1.625% 08/15/2022 | UST 3.000% 05/15/2042 |
| Benchmark Treasury Price and Yield: | 99-26+ / 0.309% | 99-31+ / 1.627% | 103-27 / 2.808% |
| Spread to Benchmark Treasury: | +55 basis points | +110 basis points | +135 basis points |
| Yield to Maturity: | 0.859% | 2.727% | 4.158% |
| Optional Redemption: | Make-whole redemption at the discount rate of U.S. Treasuries + 10 basis points | Make-whole redemption at the discount rate of U.S. Treasuries + 15 basis points | Make-whole redemption at the discount rate of U.S. Treasuries + 20 basis points |
| Price to Public: | 99.973% of principal amount | 99.765% of principal amount | 99.437% of principal amount |
| Underwriting Discount: | 0.10% | 0.35% | 0.75% |
| Proceeds (before expenses) to Issuer: | $1,997,460,000 | $2,982,450,000 | $1,973,740,000 |
| Interest Payment Dates: | April 9 and October 9 | April 9 and October 9 | April 9 and October 9 |
| First Interest Payment Date: | April 9, 2013 | April 9, 2013 | April 9, 2013 |
| Bookrunners: |
Barclays Capital Inc. Citigroup Global Markets Inc. Deutsche Bank Securities Inc. Goldman, Sachs & Co. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC |
Barclays Capital Inc. Citigroup Global Markets Inc. Deutsche Bank Securities Inc. Goldman, Sachs & Co. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC |
Barclays Capital Inc. Citigroup Global Markets Inc. Deutsche Bank Securities Inc. Goldman, Sachs & Co. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC |
| Senior Co-Managers: |
Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated |
Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated |
Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| Co-Managers: |
Banca IMI S.p.A. Blaylock Robert Van, LLC BNP Paribas Securities Corp. CastleOak Securities, L.P. HSBC Securities (USA) Inc. ING Financial Markets LLC Lebenthal & Co., LLC Lloyds Securities Inc. Mischler Financial Group, Inc. Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. RBC Capital Markets, LLC RBS Securities Inc. Samuel A. Ramirez & Co., Inc. Santander Investment Securities Inc. SMBC Nikko Capital Markets Limited TD Securities (USA) LLC UBS Securities LLC UniCredit Capital Markets LLC The Williams Capital Group, L.P.
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Banca IMI S.p.A. Blaylock Robert Van, LLC BNP Paribas Securities Corp. CastleOak Securities, L.P. HSBC Securities (USA) Inc. ING Financial Markets LLC Lebenthal & Co., LLC Lloyds Securities Inc. Mischler Financial Group, Inc. Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. RBC Capital Markets, LLC RBS Securities Inc. Samuel A. Ramirez & Co., Inc. Santander Investment Securities Inc. SMBC Nikko Capital Markets Limited TD Securities (USA) LLC UBS Securities LLC UniCredit Capital Markets LLC The Williams Capital Group, L.P.
|
Banca IMI S.p.A. Blaylock Robert Van, LLC BNP Paribas Securities Corp. CastleOak Securities, L.P. HSBC Securities (USA) Inc. ING Financial Markets LLC Lebenthal & Co., LLC Lloyds Securities Inc. Mischler Financial Group, Inc. Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. RBC Capital Markets, LLC RBS Securities Inc. Samuel A. Ramirez & Co., Inc. Santander Investment Securities Inc. SMBC Nikko Capital Markets Limited TD Securities (USA) LLC UBS Securities LLC UniCredit Capital Markets LLC The Williams Capital Group, L.P.
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| CUSIP / ISIN: | 369604BE2 / US369604BE28 | 369604BD4 / US369604BD45 | 369604BF9 / US369604BF92 |
* Note: A securities rating is not a recommendation to buy, sell or hold securities, and may be subject to change or withdrawal at any time.
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 EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer or the underwriters participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll-free at 1-888-603-5847, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Deutsche Bank Securities Inc. toll-free at 800-503-4611, Goldman, Sachs & Co. toll-free at 1-866-471-252, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Morgan Stanley & Co. LLC toll free at 1-866-718-1659.