Filed pursuant to
Rule 424(b)(5)
Registration Nos. 33-59791
Citicorp
U.S. $5,000,000,000
Global Medium-Term Senior Notes, Series C
U.S. $1,000,000,000
Global Medium-Term Subordinated Notes, Series C
Due From 9 Months to 60 Years From Date of Issue
Pricing Supplement, dated July 27, 1995 (To Prospectus Supplement, dated
January 26, 1995; to Prospectus, dated January 26, 1995)
DESCRIPTION OF NOTES
The terms of the Federal Funds Rate Notes set forth in this Pricing Supplement
supplement and modify, to the extent applicable, the description of general
terms and provisions of Citicorp's Global Medium-Term Senior Notes, Series C set
forth in the accompanying Prospectus and Prospectus Supplement. Capitalized
terms not defined herein shall have the meanings assigned to such terms in the
accompanying Prospectus and Prospectus Supplement.
SUMMARY OF TERMS:
Title of Notes: Federal Funds Rate Notes Due August 3, 1998
(the "Notes").
Aggregate
Principal Amount: $50,000,000.00.
Issue Date: August 1, 1995.
Stated Maturity Date: August 3, 1998.
Interest Rate Index: Federal Funds Effective Rate.
Spread: Plus 25.0 basis points (0.25%).
Initial Interest Rate: Federal Funds Effective Rate plus
0.25%, based on the rate prevailing on the
Market Day preceding the Issue Date.
Interest Rate: For each Interest Rate Reset Period, Federal
Funds Effective Rate plus 0.25%, determined as
of the related Interest Determination Date or,
in the case of the Initial Interest Rate, on
the Issue Date, based on the rate prevailing on
the Market Day preceding the Issue Date. The
Interest Rate applicable with respect to each
day other than a Market Day shall be that
applicable to the immediately preceding Market
Day.
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Interest Commencement Date: August 1, 1995.
Interest Payment Dates: Quarterly, on the 1st day of February, May,
August and November (subject to modified
following business day convention), commencing
November 1, 1995, and at the Stated Maturity
Date, provided however, that the Interest
Payment Date occurring in August 1998 will
occur on August 3, 1998.
Interest Rate Reset Period: From and including each Interest Reset Date to,
but excluding, the next succeeding Interest
Reset Date or the Stated Maturity Date, as the
case may be.
Interest Reset Dates: Each Market Day, commencing August 1, 1995, to
but excluding the Stated Maturity Date.
Interest
Determination Dates: The Market day immediately preceding each Interest
Reset Date.
Index Maturity: Daily.
Calculation Dates: The earlier of (1) the 10th calender day
following each Interest Determination Date,
provided such day is a Business Day, if not,
then the next succeeding Business Day, or (2)
the Market Day next preceding the related
Interest Payment Date or the Stated Maturity
Date, as the case may be.
Redemption: The Notes are not subject to redemption prior
to the Stated Maturity Date.
Sinking Fund: The Notes are not subject to any sinking fund.
Regular Record Dates: The date that is 15 calendar days prior to the
related Interest Payment Date.
Calculation Agent: Citibank, N.A.
Selling Agent: Merrill Lynch & Co., as Principal.
Commission: .091%.
Price to Public: 100%.
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