New Issue: Freddie Mac prices $25 million eight-year non-call 0.25-year step up notes at 1.50% initial rate

New York, Oct. 6 - Freddie Mac priced $25 million of 1.50% initial rate eight-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 Oct. 27, 2023 and have a Bermuda call beginning Jan. 27, 2016.

Pierpont Securities LLC and Finacorp Securities are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$25 million
Maturity:	Oct. 27, 2023
Coupon:	1.50% from Oct. 27, 2.00% from Oct. 27, 2017, 2.50% from Oct. 27, 2019, 3.00% from Oct. 27, 2020, 4.00% from Oct. 27, 2021, 5.00% from April 27, 2022, 7.00% from Oct. 27, 2022, 9.00% from April 27, 2023
Price:	Par
Call:	Bermuda call beginning Jan. 27, 2016
Pricing date:	Oct. 5
Settlement date:	Oct. 27
Underwriters:	Pierpont Securities LLC and Finacorp Securities
Cusip:	3134G7U41

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