Pricing Supplement No.26 Dated June 10,1994 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: $5,000,000
Issue Price: 100%
Commission or Discount: ($11,050.00)
Proceeds to Company: 99.779% ($4,988,950.00)
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: June 10, 1994
Stated Maturity: June 10, 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: 4.7625
Int.Determ.Dates : 06/08/94; 09/08/94; 12/08/94; 03/08/95;
06/08/95; 09/07/95; 12/07/95; 03/07/96;
06/06/96; 09/06/96; 12/08/96; 03/06/97;
06/06/97; 09/08/97; 12/08/97; 03/06/98;
06/08/98; 09/08/98; 12/08/98; 03/08/99.
Interest Payment Dates: 09/12/94; 12/12/94; 03/10/95; 06/12/95;
09/11/95; 12/11/95; 03/11/96; 06/10/96;09/10/96;
12/10/96; 03/10/97; 06/10/97; 09/10/97;12/10/97;
03/10/98; 06/10/98; 09/10/98; 12/10/98; 03/10/99;
06/10/99.
Index Maturity: 3 month
Spread (+/-): +.20
Spread Multiplier:
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices: