Filed pursuant to
Rule 424(b)(2)
Registration Nos. 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 February 15, 1996
(To Prospectus Supplement, dated August 7, 1995;
to Prospectus, dated August 7, 1995)
DESCRIPTION OF NOTES
The terms of the LIBOR 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: LIBOR Senior Notes Due February 21, 2002
(the "LIBOR Notes").
Aggregate
Principal Amount: $35,000,000.00.
Issue Date: February 21, 1996.
Stated Maturity: February 21, 2002.
Interest Rate Index: Three Month LIBOR.
Spread: Plus 35.0 basis points.
Initial Interest Rate: 5.60%.
Interest Rate: For each Interest Rate Reset Period, Three Month
LIBOR plus 0.350%, as determined on the related
LIBOR Interest Determination Date or, in the case
of the Initial Interest Rate, the second Market
Day preceding the Issue Date, provided that such
interest rate shall not exceed 9.00% per annum.
Interest Commencement Date: February 21, 1996.
Interest Payment Dates: Quarterly, on the 21st day of February, May,
August and November, commencing May 21, 1996, and
at Stated Maturity.
Interest Rate Reset Period: Quarterly.
Interest Reset Dates: The 21st day of February, May, August and
November.
LIBOR Interest
Determination Dates: Pertaining to an Interest Reset Date, the second
Market Day preceding such related Interest Reset
Date.
Index Maturity: Three Months.
LIBOR Screen Reference: Telerate Screen Page 3750.
Calculation Dates: The related LIBOR Interest Determination Date.
Redemption: The LIBOR Notes are not subject to redemption
prior to Stated Maturity.
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Sinking Fund: The LIBOR 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: Prudential Securities, Inc.
Commission: .200%.
Price to Public: 100%.
CUSIP Number: 17303 LRK 9.
