Published on 5/21/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million three-year non-call 0.25-year step up notes at 0.75% initial rate
New York, May 21 - Freddie Mac priced $100 million of 0.75% initial rate three-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 June 15, 2018 and have a Bermuda call beginning Sept. 15.
TD Securities (USA) LLC is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $100 million
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Maturity: | June 15, 2018
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Coupon: | 0.75% from June 15, 1.00% from March 15, 2016, 1.25% from June 15, 2016, 1.50% from Sept. 15, 2016, 1.75% from Dec. 15, 2016, 2.00% from March 15, 2017, 2.25% from June 15, 2017, 2.50% from Sept. 15, 2017, 2.75% from Dec. 15, 2017, 3.00% from March 15, 2018
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Price: | Par
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Call: | Bermuda call beginning Sept. 15
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Pricing date: | May 19
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Settlement date: | June 15
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Underwriter: | TD Securities (USA) LLC
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Cusip: | 3134G6W82
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