Pricing Supplement No.1 A Dated April 5, 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: ($187,500.00)
Proceeds to Company: ($14,812,500.00)
Agent: BEAR STERNS
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 5, 1995
Stated Maturity: APRIL 5, 2005
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[X] Fixed Rate Note: 3.0% FLOOR
Interest Rate:10.0% THEN FLOAT ( SEE BELOW )
[X] Floating Rate Note: CD[ ] Commercial Paper Rate [ ]
Federal Fund Effective Rate [ ]
LIBOR Telerate [X] LIBOR Reuter [ ]
Treasury Rate [ ] Prime Rate [ ]
Initial Interest Rate:10.0%
Int.Determ.Dates :FIXED THRU 4/5/99 THEN FL. 04/01/99; 10/01/99;
04/03/00; 10/03/00; 04/03/01; 10/03/01; 04/03/02; 10/03/02;
04/03/03; 10/02/03; 04/01/04; 10/01/04.
Interest Payment Dates: FIXED 5TH APRIL AND OCTOBER THEN FLOAT:
10/05/99; 04/04/00; 10/05/00; 04/05/01; 10/05/01; 04/05/02;
10/07/02; 04/07/03; 10/06/03; 04/05/04; 10/05/04; 04/05/05.
Index Maturity: 6 MONTH
Spread (+/-): *
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
* 12.125 - ( 6 MOS LIBOR X 365/360 )
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices:
