November 2, 1998 Pricing Supplement to
October 27, 1997 Prospectus Supplement to
October 27, 1997 Prospectus
$750,000,000
CITICORP [LOGO]
399 Park Avenue
New York, New York 10043
212 559-1000
6 3/8% MEDIUM-TERM SUBORDINATED NOTES, SERIES F
DUE NOVEMBER 15, 2008
The $750,000,000 Medium-Term Subordinated Notes, Series F due November 15,
2008 of Citicorp offered hereby will bear interest at 6 3/8% per annum.
Interest on the Notes is payable semiannually on each May 15 and November
15, commencing May 15, 1999, and at maturity. The Notes are not redeemable
prior to maturity.
o Price to the public:
99.741% (or $748,057,500 for all the Notes)
o Underwriting discounts and commissions:
0.65% (or $4,875,000 for all the Notes)
o Net proceeds to Citicorp
99.091% (or $743,182,500 for all the Notes), before deduction of
Citicorp's expenses, estimated at $225,000.
Citicorp does not intend to list the Notes on any national securities
exchange.
Citicorp expects that the Notes will be ready for delivery in book-entry
form only through The Depository Trust Company on or about November 6, 1998
against payment in immediately available funds.
SALOMON SMITH BARNEY
ABN AMRO INCORPORATED
CHASE SECURITIES INC.
FIRST CHICAGO CAPITAL MARKETS, INC.
MERRILL LYNCH & CO.
NATIONSBANC MONTGOMERY SECURITIES LLC
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DESCRIPTION OF NOTES
--------------------
The terms of the Notes set forth in this Pricing Supplement dated November
2, 1998 (the "Pricing Supplement") to Prospectus Supplement dated October 27,
1997 (the "Prospectus Supplement") to Prospectus dated October 27, 1997 (the
"Base Prospectus" and collectively with the Pricing Supplement and the
Prospectus Supplement, the "Prospectus") supplement and modify, to the extent
applicable, the description of general terms and provisions of Citicorp's
Medium-Term Subordinated Notes, Series F set forth in the Base Prospectus and
Prospectus Supplement. Capitalized terms not defined herein shall have the
meanings assigned to such terms in the Base Prospectus and Prospectus
Supplement.
SUMMARY OF TERMS:
-----------------
Title of Notes: 6 3/8% Subordinated Notes due November 15, 2008
(the "Notes").
Aggregate Principal Amount: $750,000,000.00.
Price to Public: 99.741%.
Issue Date: November 6, 1998.
Stated Maturity Date: November 15, 2008.
Interest Rate: 6 3/8% per annum.
Interest Payment Dates: Semiannually, on the 15th day of each May and
November, commencing in May 1999, and at Stated
Maturity.
Regular Record Dates: The first day of the month in which the related
Interest Payment Date occurs.
Underwriters: The Underwriters listed below, each as Principal,
have severally, and not jointly, agreed to
underwrite the principal amount of Notes set forth
opposite its name:
PRINCIPAL AMOUNT
UNDERWRITER OF NOTES
----------- ----------------
Salomon Smith Barney Inc. $125,000,000
ABN AMRO Incorporated 125,000,000
Chase Securities Inc. 125,000,000
First Chicago Capital
Markets, Inc. 125,000,000
Merrill Lynch, Pierce, Fenner
& Smith Incorporated 125,000,000
NationsBanc Montgomery
Securities LLC 125,000,000
------------
Total $750,000,000
============
Underwriting Discount: 0.65%.
Minimum Denomination: $1,000.
CUSIP Number: 17303 MJC 4.
Effective January 1, 1998, the capital gain of an individual United States
Holder became generally subject to a maximum tax rate of 20% for property held
for more than one year.
