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 5, 1997
(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 Notes Due May 15, 2012 (the
"Notes").
Aggregate
Principal Amount: $20,000,000.00.
Price to Public: 100.00%
Issue Date: May 15, 1997.
Stated Maturity: May 15, 2012.
Interest Rate: 7.50% per annum.
Interest Payment Dates: Monthly on the 15th day of each month, commencing in
June 1997, and at Stated Maturity.
Regular Record Dates: Each 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 May 15, 2000, at a
redemption price of 100% of their principal amount plus
accrued and unpaid interest to the redemption date.
Selling Agent: Bear, Stearns & Co. Inc.
Agent's Discount
or Commission: 2.150%.
Minimum Denomination: $1,000.
CUSIP Number: 17303 MGJ 2.
