Published on 6/24/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year callable one time at 0.5 year step up notes at 1.00% initial rate
New York, June 24 - Freddie Mac priced $25 million of 1.00% initial rate five-year callable one time at 0.5 year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on July 15, 2020 and are callable one time on Jan. 15, 2016.
First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks 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: | July 15, 2020
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| Coupon: | 1.00% from July 15, 2.125% from Jan. 15, 2016
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| Price: | Par
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| Call: | One time on Jan. 15, 2016
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| Pricing date: | June 22
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| Settlement date: | July 15
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| Underwriters: | First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks
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| Cusip: | 3134G7EC1
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