Published on 6/24/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million four-year non-call 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 four-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on July 22, 2019 and have a Bermuda call beginning Jan. 22, 2016.
Jefferies & Co. Inc. and BNY Mellon Capital Markets LLC 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 22, 2019
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Coupon: | 1.00% from July 22, 1.25% from Jan. 22, 2016, 1.50% from July 22, 2016, 1.75% from Jan. 22, 2017, 2.00% from July 22, 2017, 2.25% from Jan. 22, 2018, 2.50% from July 22, 2018, 2.75% from Jan. 22, 2019
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Price: | Par
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Call: | Bermuda call beginning Jan. 22, 2016
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Pricing date: | June 23
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Settlement date: | July 22
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Underwriters: | Jefferies & Co. Inc. and BNY Mellon Capital Markets LLC
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Cusip: | 3134G7FB2
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