Published on 7/10/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million four-year non-call 0.25-year step up notes at 0.50% initial rate
New York, July 10 – Freddie Mac priced $50 million of 0.50% initial rate four-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 July 16, 2018 and have a Bermuda call beginning Oct. 16.
UBS Securities LLC is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | July 16, 2018
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Coupon: | 0.50% from July 16, 0.75% from Jan. 16, 2015, 1.00% from July 16, 2015, 1.25% from Jan. 16, 2016, 1.50% from July 16, 2016, 2.00% from Jan. 16, 2017, 3.00% from July 16, 2017, 4.00% from Jan. 16, 2018
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Price: | Par
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Call: | Bermuda call beginning Oct. 16
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Pricing date: | July 9
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Settlement date: | July 16
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Underwriter: | UBS Securities LLC
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Cusip: | 3134G5D85
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