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Rule 424(b)(3)
File Numbers: 333-2297 and 33-54049
Pricing Supplement Number:001 Dated: November 14, 1996
(To Prospectus dated May 14, 1996 and Prospectus Supplement dated June 14,
1996.)
$1,550,000,000
CORESTATES CAPITAL CORP
Subordinated Medium-Term Fixed 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: 21869FAA0
Title of Security: 6.750% Subordinated Medium-Term Fixed Rate Notes due
November 15, 2006
Principal Amount
to be issued: $200,000,000
Principal Amount to
be underwritten as
principal: $187,950,000
Principal Amount to
be placed on an
agency basis: $12,050,000
Interest rate: 6.750% per annum
Interest Payment
Dates: November 15 and May 15 of each year, commencing May 15,
1997
Stated Maturity Date: November 15, 2006
Initial Public
Offering Price: 99.801% of the principal amount, plus accrued interest,
if any From November 21, 1996
Discount/Commission: .625% of the principal amount
Settlement Date: November 21, 1996
Redemption
provisions: None
Repayment provisions: None
Specified Currency: U.S. dollars
Authorized
Denominations: $1,000 and integral multiples thereof
Additional/Other
Terms: None
Of the total $200,000,000 aggregate principal amount of the 6.750%
Subordinated Medium-Term Fixed Rate Notes due November 15, 2006 (the "Notes")
offered hereby, $187,950,000 aggregate principal amount of the Notes is being
underwritten by J.P. Morgan Securities Inc., Bear, Stearns & Co. Inc. and
Lehman Brothers Inc. as principal, and $12,050,000 aggregate principal amount
of the Notes is being placed by CoreStates Bank, N.A. as agent.
