By Angela McDaniels
Tacoma, Wash., Jan. 13 - Freddie Mac priced $50 million of variable-rate medium-term notes due Jan. 13, 2026 linked to six-month Libor, according to a term sheet.
The coupon is 6.15% per year multiplied by the proportion of days on which six-month Libor is 7% or less. Interest is payable quarterly.
The notes are callable at par on any interest payment date.
Barclays Capital Inc. is the underwriter.
| Issuer: | Freddie Mac
|
| Issue: | Variable-rate medium-term notes
|
| Amount: | $50 million
|
| Maturity: | Jan. 13, 2026
|
| Coupon: | 6.15% per year multiplied by proportion of days on which six-month Libor is 7% or less; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date
|
| Pricing date: | Dec. 16
|
| Settlement date: | Jan. 13
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 3134G1Q56
|
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