New Issue: Freddie Mac prices $20 million five-year non-call 0.5-year step up notes at 0.75% initial rate

New York, July 8 - Freddie Mac priced $20 million of 0.75% initial rate five-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.

The bonds will mature on Aug. 3, 2021 and have a Bermuda call beginning Feb. 3, 2017.

First Tennessee Bank NA Memphis is the manager.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$20 million
Maturity:	Aug. 3, 2021
Coupon:	0.75% from Aug. 3, 0.875% from Feb. 3, 2017, 1.00% from Aug. 3, 2017, 1.25% from Feb. 3, 2018, 1.50% from Aug. 3, 2018, 2.00% from Feb. 3, 2019, 2.50% from Aug. 3, 2019, 3.00% from Feb. 3, 2020, 3.50% from Aug. 3, 2020, 4.00% from Feb. 3, 2021
Price:	Par
Call:	Bermuda call beginning Feb. 3, 2017
Pricing date:	July 6
Settlement date:	Aug. 3
Underwriter:	First Tennessee Bank NA Memphis
Cusip:	3134G9K97

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