Bond Freddy Mac 5.35% ( US3133F2P580 ) in USD

Freddy Mac

100 % ⇌

United States

US3133F2P580 ( in USD )

5.35% per year ( payment 2 times a year)

15/08/2028

Prospectus brochure of the bond Freddie Mac US3133F2P580 en USD 5.35%, maturity 15/08/2028

1 000 USD

5 672 000 USD

3133F2P58

NR

Aaa ( Prime - Investment-grade )

15/02/2026 ( In 63 days )

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.

Focusing on a specific fixed income opportunity, this analysis details a bond issued by the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac. As a government-sponsored enterprise (GSE) chartered by the U.S. Congress, Freddie Mac plays a pivotal role in the American housing finance system by providing liquidity, stability, and affordability through the purchase of mortgages and their securitization, thereby underpinning its significant standing as a debt issuer. This particular USD-denominated obligation, issued in the United States, is identifiable by its ISIN code US3133F2P580 and CUSIP 3133F2P58. It carries a fixed interest rate of 5.35%, with coupon payments structured to occur semi-annually. The bond is set to mature on August 15, 2028, and is currently trading at 100% of its face value in the market. The total issue size for this offering amounts to $5,672,000, with a minimum purchase increment accessible at $1,000. In terms of credit assessment, this bond has received a top-tier rating of Aaa from Moody's, signifying the highest credit quality and minimal credit risk according to their evaluation, while Standard & Poor's (S&P) has assigned an 'NR' (Not Rated) designation for this specific instrument, indicating no formal rating has been provided by that agency.

Pricing Supplement No. 400 (Page 1 of 4)
(to Offering Circular dated July 22, 2008)

Freddie Mac
FreddieNotes® Securities
With Maturities of 12 Months or More from Date of Issue

Trade Date:
August 18, 2008
Issue Date:
August 21, 2008

Interest Payment

Subject to Redemption

Stated
Maturity
Price to 2
Original

Survivor's

Discounts
Proceeds to
CUSIP
Interest
Date
Public 3
Principal
Frequency
First Payment
Option
Yes/No
Date and Terms of redemption
and
Freddie Mac
Rate1
Amount
Commissions
4

Callable by Freddie Mac at 100%,

3133F2N84
4.00%
August 15, 2012
100%
$12,990,000
Semi
February 15, 2009
Yes
Yes
in whole only, on August 15, 2009
0.850%
99.150%

and continuously thereafter

Callable by Freddie Mac at 100%,

3133F2P25
4.50%
August 15, 2014
100%
$2,380,000
Semi
February 15, 2009
Yes
Yes
in whole only, on August 15, 2009
1.083%
98.917%

and continuously thereafter

Callable by Freddie Mac at 100%,

3133F2P41
5.50%
August 15, 2023
100%
$3,595,000
Semi
February 15, 2009
Yes
Yes
in whole only, on August 15, 2009
1.478%
98.522%

and continuously thereafter

Callable by Freddie Mac at 100%,

3133F2P58
5.35%
August 15, 2028
100%
$5,672,000
Monthly
September 15, 2008
Yes
Yes
in whole only, on August 15, 2012
2.250%
97.750%

and continuously thereafter

FreddieNotes are obligations of Freddie Mac only. FreddieNotes, including any interest or return of discount on FreddieNotes, are not guaranteed by and are not debts or obligations of the
United States or any agency or instrumentality of the United States other than Freddie Mac.

Any discussion of tax issues set forth in this Pricing Supplement and the related Offering Circular was written to support the promotion and marketing of the transactions described in this
Pricing Supplement. Such discussion was not intended or written to be used, and it cannot be used, by any person for the purpose of avoiding any tax penalties that may be imposed on such
person. Each investor should seek advice based on its particular circumstances from an independent tax advisor.

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering Circular, dated July 22, 2008 (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 "Additional 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.

Original Issue Discount Note: No
Total Amount of OID: N/A

1.
The interest rates on the FreddieNotes may be changed by Freddie Mac from time to time, but any such change will not affect the interest rate on any FreddieNotes offered prior to the
effective date of the change.
2.
Expressed as a percentage of aggregate principal amount.
3.
See "Supplemental Plan of Distribution" in the Offering Circular Supplement and "Distribution Arrangements" in the Offering Circular for additional information concerning price to public
and underwriting compensation.
4.
Before deducting expenses payable by Freddie Mac estimated at $1,000.

15758-15764FN

Pricing Supplement No. 400 (Page 2 of 4)
(to Offering Circular dated July 22, 2008)

Freddie Mac
FreddieNotes® Securities
With Maturities of 12 Months or More from Date of Issue

Trade Date:
August 18, 2008
Issue Date:
August 21, 2008

Interest Payment

Subject to Redemption

Stated
Maturity
Price to 2
Original

Survivor's

Discounts
Proceeds to
CUSIP
Interest
Date
Public 3
Principal
Frequency
First Payment
Option
Yes/No
Date and Terms of redemption
and
Freddie Mac
Rate1
Amount
Commissions
4

Callable by Freddie Mac at 100%,

3133F2N76
*Step
August 15, 2011
100%
$6,387,000
Semi
February 15, 2009
Yes
Yes
in whole only, on August 15, 2009
0.577%
99.423%

and continuously thereafter

*Step Coupon Schedule:

August 21, 2008 to, but not including, August 15, 2009;
3.00%
August 15, 2009 to, but not including, August 15, 2010;
4.00%
August 15, 2010 to, but not including, August 15, 2011.
5.00%
FreddieNotes are obligations of Freddie Mac only. FreddieNotes, including any interest or return of discount on FreddieNotes, are not guaranteed by and are not debts or obligations of the
United States or any agency or instrumentality of the United States other than Freddie Mac.

Any discussion of tax issues set forth in this Pricing Supplement and the related Offering Circular was written to support the promotion and marketing of the transactions described in this
Pricing Supplement. Such discussion was not intended or written to be used, and it cannot be used, by any person for the purpose of avoiding any tax penalties that may be imposed on such
person. Each investor should seek advice based on its particular circumstances from an independent tax advisor.

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering Circular, dated July 22, 2008 (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 "Additional 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.

Original Issue Discount Note: No
Total Amount of OID: N/A

1.
The interest rates on the FreddieNotes may be changed by Freddie Mac from time to time, but any such change will not affect the interest rate on any FreddieNotes offered prior to the
effective date of the change.
2.
Expressed as a percentage of aggregate principal amount.
3.
See "Supplemental Plan of Distribution" in the Offering Circular Supplement and "Distribution Arrangements" in the Offering Circular for additional information concerning price to public
and underwriting compensation.
4.
Before deducting expenses payable by Freddie Mac estimated at $1,000.

15758-15764FN

Pricing Supplement No. 400 (Page 3 of 4)
(to Offering Circular dated July 22, 2008)

Freddie Mac
FreddieNotes® Securities
With Maturities of 12 Months or More from Date of Issue

Trade Date:
August 18, 2008
Issue Date:
August 21, 2008

Interest Payment

Subject to Redemption

Stated
Maturity
Price to 2
Original

Survivor's

Discounts
Proceeds to
CUSIP
Interest
Date
Public 3
Principal
Frequency
First Payment
Option
Yes/No
Date and Terms of redemption
and
Freddie Mac
Rate1
Amount
Commissions
4

Callable by Freddie Mac at 100%,

3133F2N92
*Step
August 15, 2013
100%
$11,356,000
Semi
February 15, 2009
Yes
Yes
in whole only, on August 15, 2009
0.791%
99.209%

and continuously thereafter

*Step Coupon Schedule:

August 21, 2008 to, but not including, August 15, 2010;
4.00%
August 15, 2010 to, but not including, August 15, 2012;
4.50%
August 15, 2012 to, but not including, August 15, 2013.
5.50%
FreddieNotes are obligations of Freddie Mac only. FreddieNotes, including any interest or return of discount on FreddieNotes, are not guaranteed by and are not debts or obligations of the
United States or any agency or instrumentality of the United States other than Freddie Mac.

Any discussion of tax issues set forth in this Pricing Supplement and the related Offering Circular was written to support the promotion and marketing of the transactions described in this
Pricing Supplement. Such discussion was not intended or written to be used, and it cannot be used, by any person for the purpose of avoiding any tax penalties that may be imposed on such
person. Each investor should seek advice based on its particular circumstances from an independent tax advisor.

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering Circular, dated July 22, 2008 (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 "Additional 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.

Original Issue Discount Note: No
Total Amount of OID: N/A

1.
The interest rates on the FreddieNotes may be changed by Freddie Mac from time to time, but any such change will not affect the interest rate on any FreddieNotes offered prior to the
effective date of the change.
2.
Expressed as a percentage of aggregate principal amount.
3.
See "Supplemental Plan of Distribution" in the Offering Circular Supplement and "Distribution Arrangements" in the Offering Circular for additional information concerning price to public
and underwriting compensation.
4.
Before deducting expenses payable by Freddie Mac estimated at $1,000.

15758-15764FN

Pricing Supplement No. 400 (Page 4 of 4)
(to Offering Circular dated July 22, 2008)

Freddie Mac
FreddieNotes® Securities
With Maturities of 12 Months or More from Date of Issue

Trade Date:
August 18, 2008
Issue Date:
August 21, 2008

Interest Payment

Subject to Redemption

Stated
Maturity
Price to 2
Original

Survivor's

Discounts
Proceeds to
CUSIP
Interest
Date
Public 3
Principal
Frequency
First Payment
Option
Yes/No
Date and Terms of redemption
and
Freddie Mac
Rate1
Amount
Commissions
4

Callable by Freddie Mac at 100%,

3133F2P33
*Step
August 15, 2018
100%
$6,651,000
Semi
February 15, 2009
Yes
Yes
in whole only, on August 15, 2009
1.233%
98.767%

and continuously thereafter

*Step Coupon Schedule:

August 21, 2008 to, but not including, August 15, 2010;
4.50%
August 15, 2010 to, but not including, August 15, 2012;
5.00%
August 15, 2012 to, but not including, August 15, 2014;
5.50%
August 15, 2014 to, but not including, August 15, 2016;
6.00%
August 15, 2016 to, but not including, August 15, 2018.
6.50%

FreddieNotes are obligations of Freddie Mac only. FreddieNotes, including any interest or return of discount on FreddieNotes, are not guaranteed by and are not debts or obligations of the
United States or any agency or instrumentality of the United States other than Freddie Mac.

Any discussion of tax issues set forth in this Pricing Supplement and the related Offering Circular was written to support the promotion and marketing of the transactions described in this
Pricing Supplement. Such discussion was not intended or written to be used, and it cannot be used, by any person for the purpose of avoiding any tax penalties that may be imposed on such
person. Each investor should seek advice based on its particular circumstances from an independent tax advisor.

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering Circular, dated July 22, 2008 (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 "Additional 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.

Original Issue Discount Note: No
Total Amount of OID: N/A

1.
The interest rates on the FreddieNotes may be changed by Freddie Mac from time to time, but any such change will not affect the interest rate on any FreddieNotes offered prior to the
effective date of the change.
2.
Expressed as a percentage of aggregate principal amount.
3.
See "Supplemental Plan of Distribution" in the Offering Circular Supplement and "Distribution Arrangements" in the Offering Circular for additional information concerning price to public
and underwriting compensation.
4.
Before deducting expenses payable by Freddie Mac estimated at $1,000.

15758-15764FN