Bond Freddy Mac 0% ( US312902GK99 ) in USD

Freddy Mac

100 % ⇌

United States

US312902GK99 ( in USD )

15/11/2029

Prospectus brochure of the bond Freddie Mac US312902GK99 en USD 0%, maturity 15/11/2029

1 000 USD

600 000 000 USD

312902GK9

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.

Freddie Mac issued a USD 600,000,000 0% bond (CUSIP: 312902GK9, ISIN: US312902GK99) maturing November 15, 2029, currently trading at 100%, with a minimum purchase amount of 1,000 and semi-annual interest payments.

PRICING SUPPLEMENT DATED October 14, 1999
(to Offering Circular Dated June 25, 1999)
$600,000,000
Freddie Mac
Zero Coupon Medium-Term Notes Due November 15, 2029
Redeemable periodically, beginning May 15, 2000
Issue Date:
November 15, 1999
Maturity Date:
November 15, 2029
Subject to Redemption:
Yes. The Medium-Term Notes are redeemable at our option, upon notice of not less
than 10 Business Days, on the dates and at the respective call prices set forth in the
Call Price Schedule herein. We will redeem all of the Medium-Term Notes if we
exercise our option.
Redemption Dates:
On any May 15 or November 15, commencing May 15, 2000
Interest Rate Per Annum:
None
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
312902GK9
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 or the redemption date, as applicable, in an amount equal
to the then principal amount of the Medium-Term Notes. See "Redemption" herein.
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 June 25, 1999 (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 redemption, 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.
Proceeds to
Price to
Underwriting
Freddie Mac
Public (1)(2)
Discount (2)
(1)(3)
Per Medium-Term Note. . . .
9.50604%
.40%
9.10604%
Total . . . . . . . . . . . . . . . . . . .
$57,036,240
$2,400,000
$54,636,240
(1)
Plus accrued interest, if any, from November 15, 1999.
(2)
See "Distribution Arrangements" in the Offering Circular for additional information concerning price to public and
underwriting compensation.
(3)
Before deducting expenses payable by Freddie Mac estimated at $5,000.

First Union Securities Inc.

OFFERING:
1.
Pricing date:
October 14, 1999
2.
Method of Distribution:
x Principal
Agent
3.
Concession:
.400%
4.
Reallowance::
.360%
5.
Underwriter:
First Union Securities Inc.
REDEMPTION
The Medium-Term Notes are subject to redemption by Freddie Mac, at its option, on the dates and at the respective call
prices set forth in the following Call Price Schedule. Upon exercise of Freddie Mac's option to redeem the Medium-Term
Notes, each investor will receive the product of the call price for such redemption date and the principal amount of Medium-
Term Notes held by such investor.
Call Price Schedule
Redemption
Call Price
Redemption
Call Price
Redemption
Call Price
Date
%
Date
%
Date
%
05/15/2000
9.886282
05/15/2010
21.662061
05/15/2020
47.464242
11/15/2000
10.281733
11/15/2010
22.528543
11/15/2020
49.362812
05/15/2001
10.693002
05/15/2011
23.429685
05/15/2021
51.337325
11/15/2001
11.120722
11/15/2011
24.366872
11/15/2021
53.390818
05/15/2002
11.565551
05/15/2012
25.341547
05/15/2022
55.526450
11/15/2002
12.028173
11/15/2012
26.355209
11/15/2022
57.747508
05/15/2003
12.509300
05/15/2013
27.409417
05/15/2023
60.057409
11/15/2003
13.009672
11/15/2013
28.505794
11/15/2023
62.459705
05/15/2004
13.530059
05/15/2014
29.646026
05/15/2024
64.958093
11/15/2004
14.071262
11/15/2014
30.831867
11/15/2024
67.556417
05/15/2005
14.634112
05/15/2015
32.065141
05/15/2025
70.258674
11/15/2005
15.219476
11/15/2015
33.347747
11/15/2025
73.069021
05/15/2006
15.828256
05/15/2016
34.681657
05/15/2026
75.991781
11/15/2006
16.461386
11/15/2016
36.068923
11/15/2026
79.031453
05/15/2007
17.119841
05/15/2017
37.511680
05/15/2027
82.192711
11/15/2007
17.804635
11/15/2017
39.012147
11/15/2027
85.480419
05/15/2008
18.516820
05/15/2018
40.572633
05/15/2028
88.899636
11/15/2008
19.257493
11/15/2018
42.195539
11/15/2028
92.455621
05/15/2029
96.153846
05/15/2009
20.027793
05/15/2019
43.883360
11/15/2029
100.00000
11/15/2009
20.828904
11/15/2019
45.638695
0
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 their
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 their 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.
r\legal\ftso\debent\dealers\zeromtn\2944FUnov15.doc

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.
OTHER SPECIAL TERMS
x
None

Yes; as follows:
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