Obbligazione Freddy Mac 5.875% ( US3128X0NY16 ) in USD

Emittente Freddy Mac
Prezzo di mercato refresh price now   100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US3128X0NY16 ( in USD )
Tasso d'interesse 5.875% per anno ( pagato 2 volte l'anno)
Scadenza 10/12/2027



Prospetto opuscolo dell'obbligazione Freddie Mac US3128X0NY16 en USD 5.875%, scadenza 10/12/2027


Importo minimo 1 000 USD
Importo totale 40 000 000 USD
Cusip 3128X0NY1
Coupon successivo 10/06/2026 ( In 177 giorni )
Descrizione dettagliata Freddie Mac č una societā pubblica statunitense che acquista e garantisce mutui ipotecari residenziali, contribuendo alla stabilitā del mercato immobiliare.

The Obbligazione issued by Freddy Mac ( United States ) , in USD, with the ISIN code US3128X0NY16, pays a coupon of 5.875% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 10/12/2027








PRICING SUPPLEMENT DATED November 21, 2002
(to Offering Circular Dated May 7, 2002)








$40,000,000














Freddie Mac

5.875% Fixed Rate Medium-Term Notes Due December 10, 2027
Redeemable beginning December 10, 2003

Issue Date:
December 10, 2002
Maturity Date:
December 10, 2027
Subject to Redemption:
Yes. The Medium-Term Notes are redeemable at our option, in whole only, upon
notice of not less than 5 Business Days, at a price of 100% of the principal
amount, plus accrued interest to the Redemption Date.
Redemption Date(s):
On or after December 10, 2003
Interest Rate Per Annum:
5.875%
Frequency of Interest Payments:
Semiannually, in arrears, commencing June 10, 2003
Interest Payment Dates:
June 10 and December 10
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3128X0NY1


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 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.


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




Per Medium-Term Note
100%
1.06%
98.94%
Total
$40,000,000
$424,000
$39,576,000

(1)
Plus accrued interest, if any, from December 10, 2002.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $5,000.


Morgan Stanley



2


OFFERING


1. Pricing
date:
November 21, 2002
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5.
Underwriter:
Morgan Stanley & Co. Incorporated D/B/A Morgan Stanley
6. Underwriter's
Counsel:
Cleary, Gottlieb, Steen & Hamilton


OTHER SPECIAL TERMS
None
x
Yes; as follows:

In connection with the issuance of the Medium-Term Notes, the
Underwriter may receive compensation in connection with a related swap
transaction Freddie Mac has entered into with an affiliate of the
Underwriter. See "Distribution Arrangements" in the Offering Circular.

7347MSdec10.doc


Document Outline