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 May 1, 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: 7.50% Subordinated Fixed-Rate Notes Due May 30,
2011 (the "Notes").
Aggregate
Principal Amount: $25,000,000.00.
Price to Public: 100.00%
Issue Date: May 30, 1996.
Stated Maturity: May 30, 2011.
Interest Rate: 7.50% per annum.
Interest Payment Dates: Semi-annually on the 30th day of each May and
November, commencing November 30, 1996, and at
Stated Maturity.
Regular Record Dates: The date that is 15 calender days prior to the
related Interest Payment Date.
Sinking Fund: None.
Redemption: The Notes are subject to redemption, only 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, on
or after May 30, 2001, at a redemption price of
100% of their principal amount plus accrued and
unpaid interest to the redemption date.
Selling Agent: Dean Witter Reynolds Inc.
Agent's Discount
or Commission: 2.00%.
Minimum Denomination: $1,000.
CUSIP Number: 17303 MFD 6.
