Bond National Agricultural Credit Banks 2.2% ( US3133ELAT18 ) in USD

Issuer National Agricultural Credit Banks
Market price refresh price now   93.7417 %  ⇌ 
Country  United States
ISIN code  US3133ELAT18 ( in USD )
Interest rate 2.2% per year ( payment 2 times a year)
Maturity 26/11/2029



Prospectus brochure of the bond Federal Farm Credit Banks US3133ELAT18 en USD 2.2%, maturity 26/11/2029


Minimal amount 1 000 USD
Total amount 80 000 000 USD
Cusip 3133ELAT1
Standard & Poor's ( S&P ) rating AA+ ( High grade - Investment-grade )
Moody's rating Aa1 ( High grade - Investment-grade )
Next Coupon 26/05/2026 ( In 106 days )
Detailed description The Federal Farm Credit Banks are a government-sponsored enterprise system providing credit and other financial services to farmers, ranchers, and agricultural cooperatives.

The Bond issued by National Agricultural Credit Banks ( United States ) , in USD, with the ISIN code US3133ELAT18, pays a coupon of 2.2% per year.
The coupons are paid 2 times per year and the Bond maturity is 26/11/2029

The Bond issued by National Agricultural Credit Banks ( United States ) , in USD, with the ISIN code US3133ELAT18, was rated Aa1 ( High grade - Investment-grade ) by Moody's credit rating agency.

The Bond issued by National Agricultural Credit Banks ( United States ) , in USD, with the ISIN code US3133ELAT18, was rated AA+ ( High grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







TERM SHEET

Federal Farm Credit Banks
Consolidated Systemwide

Bonds
This Term Sheet relates to the Bonds described below and should be read in conjunction with the Federal
Farm Credit Banks Consolidated Systemwide Bonds and Discount Notes Offering Circular dated
December 8, 2014, as amended and supplemented (the "Offering Circular"). The Optional Principal
Redemption Bonds described herein (the "Bonds") were sold to Cantor Fitzgerald & Co, Mizuho Securities
USA LLC, Piper Jaffray & Co., Raymond James & Associates and Robert W. Baird & Co. Incorporated
(the "Dealers"), as principals, for resale to investors at varying prices according to prevailing market prices
at the time of resale as determined by the Dealers. Terms set forth below unless otherwise defined have the
meaning ascribed to them in the Offering Circular. The Bonds are continuously callable on any day on
or after November 26, 2024 as described below in "Redemption".
Principal Amount: $80,000,000
Denomination: $1,000 and integral multiples of $1,000 in excess thereof
Issue Price: 100.000%
Issue Date & Settlement Date: November 26, 2019
Maturity Date: November 26, 2029
Interest Rate: 2.200%
Day Count Basis: Interest shall be computed on the basis of a 360-day year consisting of twelve 30-day
months.
Interest Payment Dates: Each May 26 and November 26, beginning on May 26, 2020, and the Maturity
Date
Redemption: The Bonds may be redeemed, at the Banks' option, by the Funding Corporation, as agent for
the Banks, in whole or in part, on any day on or after November 26, 2024, together with
interest accrued but unpaid, from and including the most recent date on which interest has
been paid, to but excluding the date on which such Bonds are to be redeemed (each such
date on which the Bonds are to be redeemed, a "Redemption Date") at a redemption price,
after payment of interest due on such Redemption Date, of 100% of the principal amount
thereof to be redeemed. In the event of a partial redemption, a pro rata portion of the
outstanding principal amount of each Bond will be redeemed. Notice of redemption shall
not be less than 5 Business Days prior to the Redemption Date.
Reopenings: The outstanding principal amount of this issue may be increased from time to time.
Underwriting Concession: 0.300%
Selling Concession: 0.150%
CUSIP Number: 3133EL AT1

Cantor Fitzgerald & Co
Mizuho Securities USA LLC
Piper Jaffray & Co.
Raymond James & Associates
Robert W. Baird & Co. Incorporated

The date of the Term Sheet is November 18, 2019.