Pricing Supplement No.51 Dated April 3, 1995 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: $7,000,000
Issue Price: 100%
Commission or Discount: ($0.00)
Proceeds to Company: ($7,000,000.00)
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: APRIL 3, 1995
Stated Maturity: APRIL 3, 2005
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:6.8875%
Int.Determ.Dates :03/30/95; 09/29/95; 04/01/96; 10/01/96;
04/01/97; 10/01/97. FIXED STARTS APRIL 3,1998.
Interest Payment Dates: 10/03/95; 04/03/96; 10/03/96; 04/03/97;
10/03/97; 04/03/98. FIXED 4TH OCTOBER AND APRIL.
FIXED 9.25%
Index Maturity: 6 MONTH
Spread (+/-): +.45
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
CALLABLE 3/4/98
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
