New Issue: Freddie Mac prices $100 million five-year non-call one-year step up notes at 1.25% initial rate

New York, May 21 - Freddie Mac priced $100 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 June 10, 2020 and have a Bermuda call beginning June 10, 2016.

First Tennessee Bank NA Memphis is the manager.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$100 million
Maturity:	June 10, 2020
Coupon:	1.25% from June 10, 1.40% from June 10, 2016, 1.70% from Dec. 10, 2016, 2.00% from June 10, 2017, 2.30% from Dec. 10, 2017, 2.60% from June 10, 2018, 2.90% from Dec. 10, 2018, 3.20% from June 10, 2019, 3.50% from Dec. 10, 2019
Price:	Par
Call:	Bermuda call beginning June 10, 2016
Pricing date:	May 19
Settlement date:	June 10
Underwriter:	First Tennessee Bank NA Memphis
Cusip:	3134G6Z48

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