New Issue: Freddie Mac adds on $25 million 10-year non-call 0.5-year step up notes at 3.5% initial rate

New York, March 28 - Freddie Mac added on $25 million of 3.5% initial rate 10-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.

The bonds will mature on April 21, 2021 and have a Bermuda call beginning Oct. 21.

Incapital and Merrill Lynch Pierce Fenner & Smith are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$25 million
Maturity:	April 21, 2021
Coupon:	3.5% from April 21, 4% from April 21, 2016, 5% from April 21, 2018, 6% from April 21, 2020, 7% from Oct. 21, 2020
Price:	Par
Call:	Bermuda call beginning Oct. 21
Pricing date:	March 25
Settlement date:	April 21
Underwriters:	Incapital and Merrill Lynch Pierce Fenner & Smith
Cusip:	3134G2CH3

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