Pricing Supplement No.4 Z Dated May 5, 1995 Rule 424(b)(2)
(To Prospectus dated March 15, 1995 and File No. 33-57104
Prospectus Supplement dated March 15, 1995)
CHEMICAL BANKING CORPORATION
[ ] Senior Medium -Term Notes, Series D Due From Nine
Months to Thirty Years from Date of Issue
[X] Subordinated Medium Term Notes , Series B Due From
Nine Months to Thirty Years from Date of Issue
Principal Amount: $8,000,000
Issue Price:
Commission or Discount: ($160,000.00)
Proceeds to Company: ($7,840,000.00)
Agent: SMITH BARNEY
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 5, 1995
Stated Maturity: MAY 15, 2005
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[X] Fixed Rate Note:
Interest Rate:7.60%
[ ] Floating Rate Note: CD[ ] Commercial Paper Rate [ ]
Federal Fund Effective Rate [ ]
LIBOR Telerate [ ] LIBOR Reuter [ ]
Treasury Rate [ ] Prime Rate [ ]
[ ] ZERO COUPON
Initial Interest Rate:
Int.Determ.Dates :
Interest Payment Dates: FIRST INTEREST PAYMENT 06/15/95
THEN 15TH OF EVERY MONTH AFTER
Index Maturity:
Spread (+/-):
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
CALLABLE STARTING 05/15/00 AND EVERY INTEREST DAY AFTER.
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
