New Issue: Freddie Mac prices $35 million five-year callable one time at 0.5 year step up notes at 1% initial rate

New York, Oct. 16 - Freddie Mac priced $35 million of 1% initial rate five-year callable one time at 0.5 year step up medium-term notes at par, according to the agency's web site.

The bonds will mature on Nov. 13, 2018 and are callable one time on May 13, 2014.

Piper Jaffray & Co., RBC Capital Markets Corp. and Jefferies & Co. Inc. are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$35 million
Maturity:	Nov. 13, 2018
Coupon:	1% from Nov. 13, 2.125% from May 13, 2014
Price:	Par
Call:	One time on May 13, 2014
Pricing date:	Oct. 15
Settlement date:	Nov. 13
Underwriters:	Piper Jaffray & Co., RBC Capital Markets Corp. and Jefferies & Co. Inc.
Cusip:	3134G4JJ8

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