Pricing Supplement No.22 Dated February 3, 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: ($0.00)
Proceeds to Company: 100.00% ($50,000,000.00)
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: February 3, 1994
Stated Maturity: February 3, 1995
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: 4.5*K
Interest Reset Period: Daily Tele/3750
Interest Reset Dates:
Int.Determ.Dates : 02/01/94 - 04/28/94 3.00% = < R = < 4.00%
04/29/94 - 07/29/94 3.00% = < R = < 4.00%
08/01/94 - 10/31/94 3.00% = < R = < 4.25%
11/01/94 - 02/01/95 3.00% = < R = < 4.25%
Interest Payment Dates: 05/03/94; 08/03/94; 11/03/94; 02/03/95.
Index Maturity: 3 month
Spread (+/-):
Spread Multiplier:
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
