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Rule 424 (b) (2)
File Nos. 333-2297
Pricing Supplement No. 121 Dated June 24, 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: 21869EFC4
Principal Amount: $ 49,000,000.00
Settlement Date: 06/24/96
Base Rate: FED FUNDS
Index Maturity: DAILY
Initial Interest Rate: 5.38% (5.19% effective
Fed Funds rate 6/21/96)
Spread or Spread Multiplier, if applicable: PLUS 19 BPS.
Interest Rate Reset Dates: DAILY (USING PRIOR DAY'S
EFFECTIVE FED FUNDS RATE)
Interest Payment Dates: 24TH DAY OF EACH QUARTER
(SEP., DEC., MAR., JUN.)
First Coupon: 09/24/96
Day Count ACTUAL/360
Stated Maturity Date: 05/26/98
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:
