Pricing Supplement No.13 Z Dated July 28, 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: $25,000,000
Issue Price:
Commission or Discount: $500,000.00
Proceeds to Company: $24,500,000.00
Agent: MERRILL LYNCH, PIERCE FENNER & SMITH INCORPORATED
Agent's Capacity: [ ] As agent [X] As principal
If as principal
[X] 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: JULY 28, 1995
Stated Maturity: JULY 15, 2010
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[X] Fixed Rate Note:
Interest Rate:7.58% PER ANNUM
Interest Payment Dates: MONTHLY, THE 15TH OF EACH MONTH STARTING
8/15/95.
Optional Redemption : Yes[x] No [ ]
Other Provision: The Notes offered hereby are subject to redemption
at the option of the Company, in whole but not in part, on July 15, 2000
and the 15th of each January and July thereafter (each an "Optional
Redemption Date"), at a price equal to 100% of the principal amount of
Notes to be redeemed, plus accrued interest, if any, to the date of such
redemption, on notice given to the Trustee no more than 60 nor less than
30 days prior to any Optional Redemption Date.
Interest rates offered by the Company with respect to the Notes may differ
depending upon, among other things, the aggregate principal amount
purchased in any single transaction.
