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Rule 424 (b) (2)
File Nos. 333-2297
Pricing Supplement No. 120 Dated June 20, 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: 21869EFB6
Principal Amount: $ 49,000,000.00
Settlement Date: 06/20/96
Base Rate: FED FUNDS
Index Maturity: DAILY
Initial Interest Rate: 6.47% (6.25% Effective Fed
Funds 6/19/96)
Spread or Spread Multiplier, if applicable: PLUS 22 BPS.
Interest Rate Reset Dates: DAILY (USING PRIOR DAY'S
EFFECTIVE FED FUNDS RATE)
Interest Payment Dates: THIRD WEDNESDAY OF EACH QUARTER
(SEPT., DEC., MAR., JUN.)
First Coupon: 09/18/96
Day Count: ACTUAL/360
Stated Maturity Date: 06/17/98
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:
