New Issue: Freddie Mac prices $50 million five-year non-call 0.25-year step up notes at 1% initial rate

New York, June 1 - Freddie Mac priced $50 million of 1% initial rate five-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.

The bonds will mature on June 20, 2016 and have a Bermuda call beginning Sept. 20.

Jefferies & Co. Inc. and UBS Securities LLC are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$50 million
Maturity:	June 20, 2016
Coupon:	1% from June 20, 1.25% from June 20, 2012, 1.5% from Sept. 20, 2012, 1.75% from Dec. 20, 2012, 2% from March 20, 2013, 2.25% from June 20, 2013, 2.5% from Sept. 20, 2013, 2.75% from Dec. 20, 2013, 3% from March 20, 2014, 3.25% from June 20, 2014, 3.75% from Sept. 20, 2014, 4.25% from Dec. 20, 2014, 4.75% from March 20, 2015, 5% from June 20, 2015, 6% from Sept. 20, 2015, 7% from Dec. 20, 2015, 8% from March 20, 2016
Price:	Par
Call:	Bermuda call beginning Sept. 20
Pricing date:	May 31
Settlement date:	June 20
Underwriters:	Jefferies & Co. Inc. and UBS Securities LLC
Cusip:	3134G2KX9

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