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

New York, July 20 - Freddie Mac priced $25 million of 1.00% 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 Aug. 17, 2018 and have a Bermuda call beginning Nov. 17.

First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$25 million
Maturity:	Aug. 17, 2018
Coupon:	1.00% from Aug. 17, 1.10% from Aug. 17, 2016, 1.20% from Nov. 17, 2016, 1.30% from Feb. 17, 2017, 1.40% from May 17, 2017, 1.50% from Aug. 17, 2017, 2.00% from Nov. 17, 2017, 2.50% from Feb. 17, 2018, 3.00% from May 17, 2018
Price:	Par
Call:	Bermuda call beginning Nov. 17
Pricing date:	July 17
Settlement date:	Aug. 17
Underwriters:	First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks
Cusip:	3134G7MU2

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