Pricing Supplement No.20 Dated January 25, 1994 Rule 424(b)(2)
(To Prospectus dated April 27, 1993 and File No. 33-57104
Prospectus Supplement dated April 30, 1993)
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: $50,000,000
Issue Price: 100%
Commission or Discount: ($114,350.00)
Proceeds to Company: 99.771% ($49,885,650.00)
Agent:FIRST BOSTON
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: January 25, 1994
Stated Maturity: January 25, 1999
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: 3.40
Interest Reset Period: 3 month
Interest Reset Dates:
Interest Determination Dates: 01/21/94; 04/21/94; 07/21/94;
10/21/94; 01/23/95; 04/21/95; 07/21/95; 10/23/95; 01/23/96;
04/23/96; 07/23/96; 10/23/96; 01/23/97; 04/23/97; 07/23/97;
10/23/97; 01/22/98; 04/23/98; 07/23/98; 10/22/98.
Interest Payment Dates: 04/25/94; 07/25/94; 10/25/94; 01/25/95;
04/25/95; 07/25/95; 10/25/95; 01/25/96; 04/25/96; 07/25/96;
10/25/96; 01/27/97; 04/25/97; 07/25/97; 10/27/97; 01/26/98;
04/27/98; 07/27/98; 10/26/98; 01/25/99.
Index Maturity: 3 month
Spread (+/-): +.15
Spread Multiplier:
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
