Published on 3/27/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million four-year non-call 0.25-year step up notes at 0.50% initial rate
New York, March 27 - Freddie Mac priced $25 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 April 17, 2019 and have a Bermuda call beginning July 17.
Cantor Fitzgerald and BNY Mellon Capital Markets LLC are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $25 million
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Maturity: | April 17, 2019
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Coupon: | 0.50% from April 17, 0.75% from Oct. 17, 1.00% from Jan. 17, 2016, 1.25% from April 17, 2016, 1.50% from July 17, 2016, 1.75% from Oct. 17, 2016, 2.00% from Jan. 17, 2017, 2.25% from April 17, 2017, 2.50% from July 17, 2017, 2.75% from Oct. 17, 2017, 3.00% from Jan. 17, 2018, 3.25% from April 17, 2018, 3.50% from July 17, 2018, 3.75% from Oct. 17, 2018, 4.00% from Jan. 17, 2019
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Price: | Par
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Call: | Bermuda call beginning July 17
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Pricing date: | March 24
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Settlement date: | April 17
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Underwriters: | Cantor Fitzgerald and BNY Mellon Capital Markets LLC
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Cusip: | 3134G6PT4
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