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Published on 3/17/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.

New Issue: Freddie Mac prices $25 million five-year non-call 0.5-year step up notes at 0.50% initial rate

New York, March 17 - Freddie Mac priced $25 million of 0.50% initial rate five-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 April 10, 2019 and have a Bermuda call beginning Oct. 10.

Jefferies & Co. Inc. is the manager.

Issuer:Freddie Mac
Issue:Step up medium-term notes
Amount:$25 million
Maturity:April 10, 2019
Coupon:0.50% from April 10, 1.00% from Oct. 10, 2.00% from April 10, 2015, 2.50% from April 10, 2016, 3.00% from April 10, 2017, 3.50% from April 10, 2018
Price:Par
Call:Bermuda call beginning Oct. 10
Pricing date:March 13
Settlement date:April 10
Underwriter:Jefferies & Co. Inc.
Cusip:3134G4YS1

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