Pricing Supplement No.28 Dated June 14,1994 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: $25,000,000
Issue Price: 100%
Commission or Discount: ($23,800.00)
Proceeds to Company: ($24,976,200.00)
Agent:MERRILL LYNCH.
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: June 14, 1994
Stated Maturity: June 14, 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 [] LIBOR Reuter [ ]
Treasury Rate [X ] Prime Rate [ ]
Initial Interest Rate:4.51
Int.Determ.Dates : WEEKLY RESET EVERY TUESDAY
Interest Payment Dates: 09/14/94; 12/14/94; 03/14/95; 06/14/95;
09/14/95; 12/14/95; 03/14/96; 06/14/96.
Index Maturity: 3 month
Spread (+/-): +.25
Spread Multiplier:
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
