Filed pursuant to
Rule 424(b)(2)
Registration No. 333-20803
Citicorp
U.S. $7,000,000,000
Global Medium-Term Senior Notes, Series C
U.S. $2,000,000,000
Global Medium-Term Subordinated Notes, Series C
Due From 9 Months to 60 Years From Date of Issue
Pricing Supplement, dated June 25, 1997
(To Prospectus Supplement, dated May 21, 1997;
to Prospectus, dated May 21, 1997)
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: 7.00% Subordinated Notes Due July 1, 2007 (the "Notes").
Aggregate
Principal Amount: $200,000,000.00.
Price to Public: 99.4590%
Issue Date: June 30, 1997.
Stated Maturity: July 1, 2007.
Interest Rate: 7.00% per annum.
Interest Payment Dates: Semi-annually on the 1st day of each January and July,
commencing January 1, 1998, and at Stated Maturity.
Regular Record Dates: December 16, for each Interest Payment Date occurring on
the immediately succeeding January 1, and June 15, for
each Interest Payment Date occurring on the immediately
succeeding July 1.
Sinking Fund: The Notes are not subject to any sinking fund provision.
Redemption: The Notes are not subject to early redemption.
Selling Agents: Bear, Stearns & Co. Inc. and Goldman, Sachs & Co., each
as Principal, have severally, and not jointly, agreed
to purchase the principal amount of Notes set forth
opposite its name:
Bear, Stearns & Co. Inc.: $100,000,000
Goldman, Sachs & Co.: $100,000,000
Agents' Discount
or Commission: 0.350%.
CUSIP Number: 17303 MGW 3.
