New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.625% initial rate

New York, May 25 - Freddie Mac priced $25 million of 1.625% 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 June 22, 2022 and have a Bermuda call beginning Sept. 22.

First Tennessee Bank NA Memphis and Vining Sparks are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$25 million
Maturity:	June 22, 2022
Coupon:	1.625% from June 22, 1.75% from June 22, 2018, 2.00% from Dec. 22, 2018, 2.25% from June 22, 2019, 2.50% from Dec. 22, 2019, 2.75% from June 22, 2020, 3.00% from Dec. 22, 2020, 3.50% from June 22, 2021, 4.00% from Dec. 22, 2021
Price:	Par
Call:	Bermuda call beginning Sept. 22
Pricing date:	May 24
Settlement date:	June 22
Underwriters:	First Tennessee Bank NA Memphis and Vining Sparks
Cusip:	3134GBSV5

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