New Issue: Freddie Mac prices $50 million 15-year non-call one-year step up notes at 3% initial rate

New York, Jan. 13 - Freddie Mac priced $50 million of 3% initial rate 15-year non-call one-year step up medium-term notes at par, according to the agency's web site.

The bonds will mature on Feb. 1, 2027 and have a Bermuda call beginning Feb. 1, 2013.

First Tennessee Bank NA Memphis and Citigroup Global Markets are the managers.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$50 million
Maturity:	Feb. 1, 2027
Coupon:	3% from Feb. 1, 3.125% from Feb. 1, 2017, 3.5% from Feb. 1, 2022, 4% from Feb. 1, 2023, 4.5% from Feb. 1, 2024, 5% from Feb. 1, 2025, 6% from Feb. 1, 2026
Price:	Par
Call:	Bermuda call beginning Feb. 1, 2013
Pricing date:	Jan. 12
Settlement date:	Feb. 1
Underwriters:	First Tennessee Bank NA Memphis and Citigroup Global Markets
Cusip:	3134G3KQ2

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