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Rule 424 (b) (2)
File Nos. 333-2297
Pricing Supplement No. 123 Dated July 9, 1996
(To Prospectus dated May 14, 1996 and Prospectus Supplement dated
June 14, 1996).
$1,550,000,000
CORESTATES CAPITAL CORP
Senior Medium-Term Floating Rate Notes Due
Nine Months or More From Date of Issue
Unconditionally Guaranteed as to Payment of Principal, Premium,
if any, and Interest by
CORESTATES FINANCIAL CORP
Cusip: 21869EFEO
Principal Amount: $ 12,000,000.00
Settlement Date: 07/11/96
Base Rate: LIBOR (TELERATE PG. 3750)
Index Maturity: 1 MONTH LIBOR
Initial Interest Rate: 5.60891% (5.50391% TELERATE PG.
3750 7/9/96)
Spread or Spread Multiplier, if applicable: Plus 10.5 BPS.
Interest Rate Reset Dates: MONTHLY ON THE 11th
(OR NEXT GOOD BUSINESS DAY)
Interest Payment Dates: MONTHLY ON THE 11th
(OR NEXT GOOD BUSINESS DAY)
First Coupon: 08/12/96
Day Count: ACTUAL/360
Stated Maturity Date: 07/11/2001
Maximum Interest Rate, if any:
Minimum Interest Rate, if any:
Alternate Rate Event Spread, if any:
Initial Redemption Date, if any:
Initial Redemption Percentage, if any:
Annual Redemption Percentage Reduction, if any:
Optional Repayment Dates, if any:
