New Issue: Freddie Mac prices $50 million 10-year non-call 0.5-year step up notes at 3% initial rate

New York, July 29 - Freddie Mac priced $50 million of 3% 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 Aug. 24, 2021 and have a Bermuda call beginning Feb. 24, 2012.

First Tennessee Bank NA Memphis and Amherst Securities Group L.P. are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$50 million
Maturity:	Aug. 24, 2021
Coupon:	3% from Aug. 24, 4% from Aug. 24, 2014, 4.5% from Aug. 24, 2018, 4.75% from Aug. 24, 2019, 5% from Aug. 24, 2020
Price:	Par
Call:	Bermuda call beginning Feb. 24, 2012
Pricing date:	July 28
Settlement date:	Aug. 24
Underwriters:	First Tennessee Bank NA Memphis and Amherst Securities Group L.P.
Cusip:	3134G2UX8

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