Filed pursuant to
Rule 424(b)(2)
Registration No. 33-59791
Citicorp
U.S. $7,000,000,000
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 August 20, 1996
(To Prospectus Supplement, dated August 7, 1995;
to Prospectus, dated August 7, 1995)
DESCRIPTION OF NOTES
The terms of the Subordinated 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 Subordinated
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: 7.60% Subordinated Notes Due September 6, 2011
(the "Notes").
Aggregate
Principal Amount: $10,000,000.00.
Price to Public: 100.00%
Issue Date: September 6, 1996.
Stated Maturity: September 6, 2011.
Interest Rate: 7.60% per annum.
Interest Payment Dates: Monthly on the 6th day of each month,
commencing in October 1996, and at Stated
Maturity.
Regular Record Dates: The date that is 15 calendar days prior to the
related Interest Payment Date.
Sinking Fund: None.
Redemption: The Notes are subject to redemption, in whole
but not in part, at the option of Citicorp, on
not more than 60 or less than 30 days' notice,
on any Interest Payment Date occurring on or
after September 6, 1999, at a redemption price
of 100% of their principal amount plus accrued
and unpaid interest to the redemption date.
Selling Agent: Goldman, Sachs & Co.
Agent's Discount
or Commission: 2.00%.
Minimum Denomination: $1,000.
CUSIP Number: 17303 MFW 4.
