Bond National Agricultural Credit Banks 1.22% ( US3133ELYL26 ) in USD

National Agricultural Credit Banks

100 % ▼

United States

US3133ELYL26 ( in USD )

1.22% per year ( payment 2 times a year)

05/05/2028

Prospectus brochure of the bond Federal Farm Credit Banks US3133ELYL26 en USD 1.22%, maturity 05/05/2028

1 000 USD

53 000 000 USD

3133ELYL2

AA+ ( High grade - Investment-grade )

Aaa ( Prime - Investment-grade )

05/05/2026 ( In 85 days )

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 US3133ELYL26, pays a coupon of 1.22% per year.
The coupons are paid 2 times per year and the Bond maturity is 05/05/2028

The Bond issued by National Agricultural Credit Banks ( United States ) , in USD, with the ISIN code US3133ELYL26, was rated Aaa ( Prime - Investment-grade ) by Moody's credit rating agency.

The Bond issued by National Agricultural Credit Banks ( United States ) , in USD, with the ISIN code US3133ELYL26, 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 Daiwa Capital Markets America Inc, INTL FCStone Financial Inc. - BD Rates Division,
Incapital LLC, RBC Capital Markets, LLC, Stifel, Nicolaus & Company Incorporated, SunTrust Robinson Humphrey
Inc. and Vining-Sparks IBG, Ltd. Partnership (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 May 5, 2022 as described below in "Redemption".
Principal Amount: $53,000,000
Denomination: $1,000 and integral multiples of $1,000 in excess thereof
Issue Price: 100.000%
Issue Date & Settlement Date: May 5, 2020
Maturity Date: May 5, 2028
Interest Rate: 1.220%
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 5 and November 5, beginning on November 5, 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 May 5, 2022, 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: 0.275%
Selling Concession: 0.150%
CUSIP Number: 3133EL YL2

Daiwa Capital Markets America Inc
INTL FCStone Financial Inc. - BD Rates Division
Incapital LLC
RBC Capital Markets, LLC
Stifel, Nicolaus & Company Incorporated
SunTrust Robinson Humphrey Inc.
Vining-Sparks IBG, Ltd. Partnership
The date of the Term Sheet is April 28, 2020.