Published on 3/27/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.50% initial rate
New York, March 27 - Freddie Mac priced $25 million of 1.50% initial rate five-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 15, 2020 and have a Bermuda call beginning July 15.
Piper Jaffray & Co. is the manager.
| 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 15, 2020
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| Coupon: | 1.50% from April 15, 1.75% from April 15, 2017, 2.00% from April 15, 2018, 2.50% from Oct. 15, 2018, 3.00% from April 15, 2019, 4.50% from Oct. 15, 2019
|
| Price: | Par
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| Call: | Bermuda call beginning July 15
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| Pricing date: | March 24
|
| Settlement date: | April 15
|
| Underwriter: | Piper Jaffray & Co.
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| Cusip: | 3134G6QB2
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