Pricing Supplement No.40 Dated October 3,1994 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: ($0.00)
Proceeds to Company: ($5,000,000.00)
Agent: CSI
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: October 3, 1994
Stated Maturity: October 4, 2004
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: 6.1375
Int.Determ.Dates : 09/29/94; 03/30/95; 09/29/95;
03/29/96; 10/01/96; 04/01/97; Becomes Fixed
Starting 10/03/97.
Interest Payment Dates: 04/04/95; 10/03/95; 04/03/96;
10/03/96; 04/04/97; 10/03/97; Fixed: Apr.3 Oct.3
Index Maturity: 6 month
Spread (+/-): +.45
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate: N/A
Callable Oct. 1, 1997.
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
