Published on 5/11/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call one-year step up notes at 1.25% initial rate
New York, May 11 - Freddie Mac priced $25 million of 1.25% initial rate five-year non-call one-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on May 27, 2020 and have a Bermuda call beginning May 27, 2016.
Morgan Stanley & Co. Inc. 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: | May 27, 2020
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Coupon: | 1.25% from May 27, 1.50% from May 27, 2016, 2.00% from May 27, 2017, 2.50% from May 27, 2018, 3.00% from May 27, 2019
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Price: | Par
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Call: | Bermuda call beginning May 27, 2016
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Pricing date: | May 7
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Settlement date: | May 27
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Underwriter: | Morgan Stanley & Co. Inc.
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Cusip: | 3134G6N41
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