Obbligazione Freddy Mac 0% ( US3128X5LK27 ) in USD

Freddy Mac

100 USD ⇌

Stati Uniti

US3128X5LK27 ( in USD )

0%

02/10/2034

Prospetto opuscolo dell'obbligazione Freddie Mac US3128X5LK27 en USD 0%, scadenza 02/10/2034

1 000 USD

39 682 000 USD

3128X5LK2

AA+ ( High grade - Investment-grade )

Aaa ( Prime - Investment-grade )

Freddie Mac è una società pubblica statunitense che acquista e garantisce mutui ipotecari residenziali, contribuendo alla stabilità del mercato immobiliare.

L'obbligazione con codice ISIN US3128X5LK27 e codice CUSIP 3128X5LK2, emessa negli Stati Uniti da Freddie Mac, formalmente la Federal Home Loan Mortgage Corporation, un'entità sponsorizzata dal governo statunitense (GSE) con il compito primario di fornire liquidità, stabilità e accessibilità al mercato immobiliare residenziale attraverso l'acquisto e la garanzia di prestiti ipotecari, si presenta come un titolo di debito denominato in dollari statunitensi (USD) attualmente scambiato al 100% del suo valore nominale sul mercato; con una scadenza fissata al 2 ottobre 2034, l'emissione, che ammonta a un totale di 39.682.000 USD e prevede una taglia minima di acquisto di 1.000 USD, è caratterizzata da un tasso d'interesse nominale pari a zero pur indicando una frequenza di pagamento semestrale, e la sua elevata affidabilità creditizia è ulteriormente rafforzata dai prestigiosi rating di AA+ conferiti da Standard & Poor's e Aaa da Moody's, che attestano la robustezza finanziaria e lo status quasi-sovrano dell'emittente sul mercato.

PRICING SUPPLEMENT DATED September 27, 2006

(to Offering Circular Dated July 28, 2006)

$39,682,000

Freddie Mac

Zero Coupon Medium-Term Notes Due October 2, 2034

Issue Date:
October 2, 2006

Maturity Date:
October 2, 2034

Subject to Redemption:
No
Payment of Interest:
None
Payment of Principal:
At maturity
CUSIP Number:
3128X5LK2

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.

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, as defined herein.

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering Circular dated July 28,
2006 (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 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.

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.

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

Per Medium-Term Note
24.7842%
0.00%
24.7842%
Total
$9,834,866.24
$0.00
$9,834,866.24

(1)
Plus return of discount, if any, from October 2, 2006.
(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.

Goldman, Sachs & Co.

2

OFFERING:

1. Pricing
date:
September 27, 2006
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5. Underwriter:
Goldman, Sachs & Co.
6. Underwriter's
Counsel:
Sidley Austin LLP

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 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 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. 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.

12846-3128X5LK2