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Published on 6/14/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.

New Issue: Freddie Mac prices $100 million three-year non-call 0.25-year step up notes at 0.5% initial rate

New York, June 14 - Freddie Mac priced $100 million of 0.5% initial rate three-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 30, 2014 and have a Bermuda call beginning Sept. 30.

Deutsche Bank Securities Inc. and Jefferies & Co. Inc. are the managers.

Issuer:Freddie Mac
Issue:Step up medium-term notes
Amount:$100 million
Maturity:June 30, 2014
Coupon:0.5% from June 30, 0.625% from Sept. 30, 0.75% from Dec. 30, 0.875% from March 30, 2012, 1% from June 30, 2012, 1.25% from Sept. 30, 2012, 1.5% from Dec. 30, 2012, 1.75% from March 30, 2013, 2% from June 30, 2013, 2.5% from Sept. 30, 2013, 3% from Dec. 30, 2013, 4% from March 30, 2014
Price:Par
Call:Bermuda call beginning Sept. 30
Pricing date:June 13
Settlement date:June 30
Underwriters:Deutsche Bank Securities Inc. and Jefferies & Co. Inc.
Cusip:3134G2MR0

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