Pricing Supplement No.3 A Dated MAY 24, 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
[ ] Senior Medium -Term Notes, Series C Due From Nine
Months to Thirty Years from Date of Issue
[X] Subordinated Medium Term Notes , Series A Due From
Nine Months to Thirty Years from Date of Issue
Principal Amount: $15,000,000
Issue Price: 100%
Commission or Discount: ($40,000.00)
Proceeds to Company: ($14,960,000.00)
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: MAY 24, 1995
Stated Maturity: MAY 24, 2002
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[X] Fixed Rate Note:
Interest Rate:7.11%
[ ] Floating Rate Note: CD[ ] Commercial Paper Rate [ ]
Federal Fund Effective Rate [ ]
LIBOR Telerate [ ] LIBOR Reuter [ ]
Treasury Rate [ ] Prime Rate [ ]
Initial Interest Rate:
Int.Determ.Dates :
Interest Payment Dates: NOV AND MAY ON THE 24TH OF THE MONTH
Index Maturity:
Spread (+/-):
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
CALLABLE MAY 24,2000; NOV 24,2000; MAY 24, 2001 NOV 24, 2001
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
