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Published on 4/21/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.

New Issue: FHLB prices $15 million five-year one-time callable step up notes at 0.75% initial rate

New York, April 21 - Federal Home Loan Banks priced $15 million of 0.75% initial rate five-year one-time callable step up notes at par, according to the agency's web site.

The bonds will mature on May 17, 2021 and are callable one time.

BOSC Inc. is the manager.

Issuer:Federal Home Loan Banks
Issue:Step up notes
Amount:$15 million
Maturity:May 17, 2021
Coupon:0.75% initial rate
Price:Par
Call:One time
Pricing date:April 21
Settlement date:May 17
Underwriter:BOSC Inc.
Cusip:3130A7VH5

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