Pricing Supplement No.23 Dated April 263, 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: $15,000,000
Issue Price: 100%
Commission or Discount: ($0.00)
Proceeds to Company: 100.00% ($15,000,000.00)
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: April 26, 1994
Stated Maturity: April 26, 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: 4.65
Interest Reset Period: Daily Tele/3750
Interest Reset Dates:
Int.Determ.Dates : 04/24/94 07/22/94; 10/24/94; 01/24/95;
04/24/95; 07/24/95; 10/24/95; 01/24/96;
04/24/96.
Callable starting 04/26/96
Interest Payment Dates: 07/26/94; 10/26/94; 01/26/95; 04/26/95;
07/26/95; 10/26/95; 01/26/96; 04/26/96; 07/26/96;
10/28/96; 01/27/97; 04/28/97; 07/28/97; 10/27/97;
01/26/98; 04/27/98; 07/27/98; 10/26/98; 01/26/99;
04/26/99.
Index Maturity: 3 month Fl first yr Fix yrs 3-5 @8%
Spread (+/-): +40
Spread Multiplier:
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
