Pricing Supplement No.24 Dated May 23, 1994 Rule 424(b)(2)
(To Prospectus dated February 15, 1994 and File No. 33-57104
Prospectus Supplement dated February 15, 1994)
CHEMICAL BANKING CORPORATION
[X] Senior Medium -Term Notes, Series C Due From Nine
Months to Thirty Years from Date of Issue
[ ] Subordinated Medium Term Notes , Series A Due From
Nine Months to Thirty Years from Date of Issue
Principal Amount: $10,000,000
Issue Price: 100%
Commission or Discount: ($0.00)
Proceeds to Company: 100.00% ($10,000,000.00)
Agent:CHEMICAL SECURITIES INC
Agent's Capacity: [x] As agent [ ] As principal
If as principal
[ ] The Notes are being offered at varying prices to
prevailing market prices at the time of sale
[ ] The Notes are being offered at a fixed initial public
offering price equal to the Issue Price (as a
percentage of Principal Amount).
Original Issue Date: May 23, 1994
Stated Maturity: May 23, 1996
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[ ] Fixed Rate Note:
Interest Rate:
[X] Floating Rate Note: CD[ ] Commercial Paper Rate [ ]
Federal Fund Effective Rate [ ]
LIBOR Telerate [X] LIBOR Reuter [ ]
Treasury Rate [ ] Prime Rate [ ]
Initial Interest Rate: 5.375
Interest Reset Period:
Interest Reset Dates:
Int.Determ.Dates : 05/19/94; 08/19/94; 11/21/94; 02/21/95;
05/19/95; 08/21/95; 11/22/95; 02/21/96.
Interest Payment Dates: 08/23/94; 11/23/94; 02/23/95; 05/23/95;
08/23/95; 11/24/95; 02/23/96; 05/23/96.
Index Maturity: 3 month
Spread (+/-): +.75
Spread Multiplier:
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
