Filed Pursuant to Rule 433
Dated March 6, 2014
Registration Statement: 333-186882
Pricing Term Sheet
General Electric Company
March 6, 2014
$750,000,000 3.375% Notes due 2024
$2,250,000,000 4.500% Notes due 2044
| Issuer: | General Electric Company | |
| Trade Date: | March 6 , 2014 | |
| Settlement Date: | March 11, 2014 (T+3) | |
| Title: | 3.375% Notes due 2024 | 4.500% Notes due 2044 |
| Expected Ratings*: | Aa3 / AA+ | Aa3 / AA+ |
| Principal Amount: | $750,000,000 | $2,250,000,000 |
| Maturity Date: | March 11, 2024 | March 11, 2044 |
| Coupon: | 3.375% | 4.500% |
| Benchmark Treasury: | UST 2.750% 02/15/2024 | UST 3.750% 11/15/2043 |
| Benchmark Treasury Price and Yield: | 100-03+ / 2.737% | 101-07+ / 3.681% |
| Spread to Benchmark Treasury: | +75 basis points | +87.5 basis points |
| Yield to Maturity: | 3.487% | 4.556% |
| Optional Redemption: | 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 +15 basis points |
| Price to Public: | 99.061% of principal amount | 99.089% of principal amount |
| Underwriting Discount: | 0.375% | 0.750% |
| Proceeds (before expenses) to Issuer: | $740,145,000 | $2,212,627,500 |
| Interest Payment Dates: | March 11 and September 11 | March 11 and September 11 |
| First Interest Payment Date: | September 11, 2014 | September 11, 2014 |
| Bookrunners: |
Barclays Capital Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated RBC Capital Markets, LLC |
Barclays Capital Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated RBC Capital Markets, LLC |
| Senior Co-Managers: |
Citigroup Global Markets Inc. Goldman, Sachs & Co. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC |
Citigroup Global Markets Inc. Goldman, Sachs & Co. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC |
| Co-Managers: |
Banca IMI S.p.A. Blaylock Beal Van, LLC BNP Paribas Securities Corp. CastleOak Securities, L.P. HSBC Securities (USA) Inc. ING Financial Markets LLC Lebenthal & Co., LLC Loop Capital Markets LLC Mischler Financial Group, Inc. Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. RBS Securities Inc. Samuel A. Ramirez & Company, Inc. Santander Investment Securities Inc. SMBC Nikko Securities America, Inc. The Williams Capital Group, L.P. |
Banca IMI S.p.A. Blaylock Beal Van, LLC BNP Paribas Securities Corp. CastleOak Securities, L.P. HSBC Securities (USA) Inc. ING Financial Markets LLC Lebenthal & Co., LLC Loop Capital Markets LLC Mischler Financial Group, Inc. Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. RBS Securities Inc. Samuel A. Ramirez & Company, Inc. Santander Investment Securities Inc. SMBC Nikko Securities America, Inc. The Williams Capital Group, L.P. |
| CUSIP / ISIN: | 369604BG7 / US369604BG75 | 369604BH5 / US369604BH58 |
* 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, Credit Suisse Securities (USA) LLC at 1-800-221-1037, Deutsche Bank Securities Inc. toll-free at 800-503-4611, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, or RBC Capital Markets, LLC at 1-866-375-6829.