New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.00% initial rate

New York, July 2 - Freddie Mac priced $25 million of 1.00% initial rate five-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 July 27, 2020 and have a Bermuda call beginning Oct. 27.

Raymond James & Associates Inc. is the manager.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$25 million
Maturity:	July 27, 2020
Coupon:	1.00% from July 27, 1.25% from July 27, 2016, 1.50% from Oct. 27, 2016, 1.75% from Jan. 27, 2017, 2.00% from April 27, 2017, 2.25% from July 27, 2017, 2.50% from Oct. 27, 2017, 2.75% from Jan. 27, 2018, 3.00% from April 27, 2018, 3.25% from July 27, 2018, 3.50% from Oct. 27, 2018, 3.75% from Jan. 27, 2019, 4.00% from April 27, 2019, 4.25% from July 27, 2019, 4.50% from Oct. 27, 2019, 4.75% from Jan. 27, 2020, 5.00% from April 27, 2020
Price:	Par
Call:	Bermuda call beginning Oct. 27
Pricing date:	June 30
Settlement date:	July 27
Underwriter:	Raymond James & Associates Inc.
Cusip:	3134G7HF1

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