Published on 9/30/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million five-year non-call one-year step up notes at 1.05% initial rate
New York, Sept. 30 - Freddie Mac priced $100 million of 1.05% initial rate five-year non-call one-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Oct. 26, 2016 and have a Bermuda call beginning Oct. 26, 2012.
Incapital, J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith are the managers.
| Issuer: | Freddie Mac
|
| Issue: | Step up medium-term notes
|
| Amount: | $100 million
|
| Maturity: | Oct. 26, 2016
|
| Coupon: | 1.05% from Oct. 26, 1.25% from April 26, 2013, 1.5% from April 26, 2014, 2.5% from April 26, 2015, 3.5% from April 26, 2016
|
| Price: | Par
|
| Call: | Bermuda call beginning Oct. 26, 2012
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 26
|
| Underwriters: | Incapital, J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith
|
| Cusip: | 3134G2Y48
|
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