By Angela McDaniels
Tacoma, Wash., Nov. 24 - Freddie Mac priced $35 million of variable-rate medium-term notes due Nov. 24, 2025 linked to six-month Libor, according to a term sheet.
The coupon is 5.1% per year multiplied by the proportion of days on which six-month Libor is 5% or less. Interest is payable quarterly.
The notes are callable at par on any interest payment date.
UBS Investment Bank is the underwriter.
| Issuer: | Freddie Mac
|
| Issue: | Variable-rate medium-term notes
|
| Amount: | $35 million
|
| Maturity: | Nov. 24, 2025
|
| Coupon: | 5.1% per year multiplied by proportion of days on which six-month Libor is 5% or less; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 24
|
| Underwriter: | UBS Investment Bank
|
| Fees: | 1.1%
|
| Cusip: | 3134G1ZJ6
|
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