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 April 29, 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.
Interest rates offered by Citicorp with respect to the Notes may differ
depending upon, among other things, the aggregate principal amount of Notes
purchased in any single transaction.
SUMMARY OF TERMS:
Title of Notes: 7.28% Subordinated Fixed-Rate Notes Due
May 15, 2006 (the "Notes").
Aggregate
Principal Amount: $15,000,000.00.
Price to Public: Offered at varying prices related to prevailing
market prices.
Issue Date: May 6, 1996.
Stated Maturity: May 15, 2006.
Interest Rate: 7.28% per annum.
Interest Payment Dates: Monthly on the 15th day of each month, commencing
June 15, 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 occurring in May or
November, on or after May 15, 1999, at a
redemption price of 100% of their principal amount
plus accrued and unpaid interest to the redemption
date.
Selling Agent: Merrill Lynch & Co., as Principal
Agent's Discount
or Commission: 1.625%.
Minimum Denomination: $1,000.
CUSIP Number: 17303 MFB 0.
