Pricing Supplement No.39 Dated September 20,1994 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: September 20, 1994
Stated Maturity: September 20, 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:5.4325
Int.Determ.Dates : 09/16/94; 12/16/94; 03/16/95; 06/16/95;
09/18/95; 12/18/95; 03/18/96; 06/18/96; 09/18/96; 12/18/96;
03/18/97; 06/18/97; 09/18/97; 12/18/97; 03/18/98; 06/18/98;
09/17/98; 12/17/98; 03/18/99; 06/17/99.
Int. Payment Dates: 12/20/94; 03/20/95; 06/20/95; 09/20/95;
12/20/95; 03/20/96; 06/20/96; 09/20/96; 12/20/96; 03/20/97;
06/20/97; 09/22/97; 12/21/97; 03/20/98; 06/22/98; 09/21/98;
12/21/98; 03/22/99; 06/21/99; 09/20/99.
Index Maturity: 3 month
Spread (+/-): +.37
Spread Multiplier:
Maximum Interest Rate:9.5 CAP
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
