New Issue: Freddie Mac prices $50 million 8.75-year non-call one-year step up notes at 2% initial rate

New York, Feb. 24 - Freddie Mac priced $50 million of 2% initial rate 8.75-year non-call one-year step up medium-term notes at par, according to the agency's web site.

The bonds will mature on Dec. 22, 2020 and have a Bermuda call beginning March 22, 2013.

J.P. Morgan Securities LLC is the manager.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$50 million
Maturity:	Dec. 22, 2020
Coupon:	2% from March 22, 2.25% from Sept. 22, 2015, 2.5% from March 22, 2018, 3% from March 22, 2019, 4% from Sept. 22, 2019, 5% from March 22, 2020, 6% from Sept. 22, 2020
Price:	Par
Call:	Bermuda call beginning March 22, 2013
Pricing date:	Feb. 23
Settlement date:	March 22
Underwriter:	J.P. Morgan Securities LLC
Cusip:	3134G3RS1

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