Published on 3/2/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million two-year non-call 0.25-year step up notes at 0.375% initial rate
New York, March 2 - Freddie Mac priced $50 million of 0.375% 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 March 24, 2017 and have a Bermuda call beginning June 24.
Wells Fargo Securities is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | March 24, 2017
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Coupon: | 0.375% from March 24, 0.50% from June 24, 0.75% from Sept. 24, 1.00% from Dec. 24, 1.25% from March 24, 2016, 1.50% from June 24, 2016, 1.75% from Sept. 24, 2016, 2.00% from Dec. 24, 2016
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Price: | Par
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Call: | Bermuda call beginning June 24
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Pricing date: | Feb. 24
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Settlement date: | March 24
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Underwriter: | Wells Fargo Securities
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Cusip: | 3134G6HV8
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