Bond Freddy Mac 0% ( US3128X0AU31 ) in USD

Issuer Freddy Mac
Market price refresh price now   100 %  ▲ 
Country  United States
ISIN code  US3128X0AU31 ( in USD )
Interest rate 0%
Maturity 02/01/2030



Prospectus brochure of the bond Freddie Mac US3128X0AU31 en USD 0%, maturity 02/01/2030


Minimal amount 1 000 USD
Total amount 5 188 000 USD
Cusip 3128X0AU3
Standard & Poor's ( S&P ) rating AA+ ( High grade - Investment-grade )
Moody's rating N/A
Detailed description Freddie Mac is a U.S. government-sponsored enterprise (GSE) that buys mortgages from lenders, packages them into securities, and sells them to investors, thus providing liquidity to the mortgage market.

An informative financial overview details the US3128X0AU31 bond (CUSIP: 3128X0AU3), a debt instrument issued from the United States by Freddie Mac, the Federal Home Loan Mortgage Corporation, a U.S. government-sponsored enterprise crucial to providing liquidity, stability, and affordability to the nation's secondary mortgage market, which is rated AA+ by Standard & Poor's, currently trades at 100% in USD, matures on January 2, 2030, carries a 0% interest rate with a semi-annual payment frequency, and is part of a 5,188,000 total issue size with a minimum purchase of 1,000 units.









PRICING SUPPLEMENT DATED September 26, 2002

(to Offering Circular Dated May 7, 2002)

$5,188,000










Freddie Mac

Zero Coupon Medium-Term Notes Due January 2, 2030

Issue Date:
October 3, 2002
Maturity Date:
January 2, 2030
Subject to Redemption:
No
Interest Rate:
None
Principal Payment:
At maturity
CUSIP Number:
3128X0AU3


There will be no periodic payments of interest on the Medium-Term Notes. The only scheduled payment that will be made
to the holder of a Medium-Term Note will be made on the Maturity Date.


The Medium-Term Notes will be issued with original issue discount. See "Certain United States Federal Tax Consequences
- U.S. Owners - Debt Obligations with Original Issue Discount" in the Offering Circular.



You should read this Pricing Supplement together with Freddie Mac's Debentures, Medium-Term Notes and Discount Notes
Offering Circular, dated May 7, 2002 (the "Offering Circular"), and all documents that are incorporated by reference in the Offering
Circular, which contain important detailed information about the Medium-Term Notes and Freddie Mac. See "Available Information"
in the Offering Circular. Capitalized terms used in this Pricing Supplement have the meanings we gave them in the Offering Circular,
unless we specify otherwise.

The Medium-Term Notes may not be suitable investments for you. You should not purchase the Medium-Term
Notes unless you understand and are able to bear the yield, market, liquidity and other possible risks associated with the
Medium-Term Notes. You should read and evaluate the discussion of risk factors (especially those risk factors that may be
particularly relevant to this security) that appears in the Offering Circular under "Risk Factors" before purchasing any of the
Medium-Term Notes.



The Medium-Term Notes, including any interest or return of discount on the Medium-Term Notes, are not
guaranteed by and are not debts or obligations of the United States or any federal agency or instrumentality other than
Freddie Mac.


Price to Public (1)(2)
Underwriting Discount (2)
Proceeds to Freddie Mac (1)(3)




Per Medium-Term Note
23.71%
0.11%
23.60%
Total
$1,230,074
$5,706
$1,224,368

(1)
Plus return of discount, if any, from October 3, 2002.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $5,000.


Goldman, Sachs & Co.


2


OFFERING


1. Pricing
date:
September 26, 2002
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5.
Underwriter:
Goldman, Sachs & Co.
6. Underwriter's
Counsel:
Cleary, Gottlieb, Steen & Hamilton


RISK FACTORS


An investment in the Medium-Term Notes presents certain risks that are different from an investment in
conventional fixed-rate debt securities that pay interest periodically. If you hold the Medium-Term Notes to
maturity, they will provide return of your principal, including return of the applicable discount, but their market
value is likely to fluctuate substantially with changes in prevailing interest rates. The market value of the Medium-
Term Notes generally will fall in a rising interest rate environment creating a risk of loss of your investment capital if
your circumstances do not permit you to hold the Medium-Term Notes to maturity; the market value of the Medium-
Term Notes generally will rise in a falling interest rate environment. The possibility of such substantial price
volatility, combined with the fact that payments on the Medium-Term Notes will be made only at maturity, also
could affect the secondary market for, and the liquidity of, the Medium-Term Notes. Consequently, you should
purchase the Medium-Term Notes only if you understand, either alone or with a financial advisor and are able to bear
the yield, market, liquidity and structure risks associated with them. See "Risk Factors" in the Offering Circular.


Prospective investors should consult their own tax and legal advisors as to the tax consequences of holding,
owning and disposing of the Medium-Term Notes, and whether and to what extent the Medium-Term Notes constitute
legal investments for such investors. See "Certain United States Federal Tax Consequences" and "Legal Investment
Considerations" in the Offering Circular.

7004Gsoce3.doc


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