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Published on 4/24/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.

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

New York, April 24 - Freddie Mac priced $25 million of 1.00% initial rate two-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 May 22, 2019 and have a Bermuda call beginning Aug. 22.

Jefferies & Co. Inc. is the manager.

Issuer:Freddie Mac
Issue:Step up medium-term notes
Amount:$25 million
Maturity:May 22, 2019
Coupon:1.00% from May 22, 1.25% from Nov. 22, 1.50% from Feb. 22, 2018, 1.75% from May 22, 2018, 2.00% from Aug. 22, 2018, 2.50% from Nov. 22, 2018, 3.00% from Feb. 22, 2019
Price:Par
Call:Bermuda call beginning Aug. 22
Pricing date:April 21
Settlement date:May 22
Underwriter:Jefferies & Co. Inc.
Cusip:3134GBLF7

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