Filed pursuant to
Rule 424(b)(2)
Registration No. 333-20803
$1,000,000,000
CITICORP
Medium-Term Senior Notes, Series E
Medium-Term Subordinated Notes, Series E
Due From 9 Months to 50 Years From Date of Issue
Pricing Supplement, dated February 21, 1997 (To Prospectus Supplement, dated
March 26, 1996, to Prospectus, dated February 8, 1996).
DESCRIPTION OF NOTES
The terms of the Notes set forth in this Pricing Supplement supplement and
modify, to the extent applicable, the description of general terms and
provisions of Citicorp's Medium-Term Subordinated Notes, Series E, 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: 6.80% Subordinated Notes Due March 15, 2007
(the "Notes").
Aggregate
Principal Amount: $3,234,000.00.
Price to Public: 100.00%.
Issue Date: February 26, 1997
Stated Maturity Date: March 15, 2007.
Interest Rate: 6.80%.
Interest Payment Dates: Monthly, on the 15th day of each month,
commencing in April 1997, and at Stated
Maturity.
Regular Record Dates: The first day of the month in which the
related Interest Payment Date occurs.
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, on or
after March 15, 2000, at a redemption price
of 100% of their principal amount plus
accrued and unpaid interest to the redemption
date.
Selling Agent: J.W. Korth & Company.
Agent's Commission: 2.00%.
Minimum Denomination: $1,000.
CUSIP Number: 17303 MGD 5.
