Obbligazione Freddy Mac 0% ( US3128X9B333 ) in USD

Freddy Mac

100 USD ⇌

Stati Uniti

US3128X9B333 ( in USD )

02/03/2035

Prospetto opuscolo dell'obbligazione Freddie Mac US3128X9B333 en USD 0%, scadenza 02/03/2035

1 000 USD

1 000 000 000 USD

3128X9B33

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

Le Freddie Mac ha emesso un'obbligazione (ISIN: US3128X9B333, CUSIP: 3128X9B33) da 1.000.000.000 USD, con scadenza il 02/03/2035, cedola zero, prezzo di mercato attuale al 100%, taglio minimo di 1.000 USD e frequenza di pagamento semestrale.

PRICING SUPPLEMENT DATED February 12, 2010
(to Offering Circular Dated April 3, 2009)

$1,000,000,000

Freddie Mac

Zero Coupon Medium-Term Notes Due March 2, 2035
Redeemable periodically, beginning March 2, 2011

Issue Date:
March 2, 2010
Maturity Date:
March 2, 2035
Subject to Redemption: Yes. The Medium-Term Notes are redeemable at our option, upon notice of not less than 5
Business Days. See "Redemption" herein. We will redeem all of the Medium-Term Notes if
we exercise our option.
Redemption Date(s):
Semiannually, on March 2 and September 2, commencing March 2, 2011
Interest Rate:
None
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3128X9B33

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 or the redemption date, as applicable, in an amount equal to
(i) the principal amount of the Medium-Term Notes or (ii) the product of the call price percentage for such redemption date and the
principal amount of the Medium-Term Notes, as applicable. See "Redemption" herein.

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.

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering Circular, dated
April 3, 2009 (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..

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.

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
23.800911%
0.00%
23.800911%
Total
$238,009,110
$0.00
$238,009,110

(1)
Plus return of discount, if any, from March 2, 2010.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $1,000.

Deutsche Bank

2

OFFERING:

1. Pricing
Date:
February 12, 2010
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5.
Underwriter:
Deutsche Bank Securities Inc.

OTHER SPECIAL TERMS:
x
Yes; as follows:

In connection with the issuance of the Medium-Term Notes, Freddie Mac may enter
into a swap or other hedging agreement with the Underwriter, one of its affiliates or
a third party. Any such agreement may provide for the payment of fees or other
compensation or provide other economic benefits (including trading gains or
temporary funding) to, and will impose obligations on, the parties, but will not affect
the rights of Holders of, or the obligations of Freddie Mac as to, the Medium-Term
Notes. The existence of such an agreement may influence our decision to exercise
our right of optional redemption as to the Medium-Term Notes.

REDEMPTION:

The Medium-Term Notes are subject to redemption by Freddie Mac, at its option, on the redemption dates and based on
the applicable call price percentages set forth in the following Call Price Schedule. Upon exercise of Freddie Mac's option to
redeem the Medium-Term Notes, each investor will receive the product of the call price percentage for such redemption date and
the principal amount of Medium-Term Notes held by such investor.

Call Price Schedule

Redemption Date
Call Price Percentage
Redemption Date
Call Price Percentage
3/2/2011 25.207503
3/2/2023 50.207075
9/2/2011 25.941672
9/2/2023 51.669356
3/2/2012 26.697223
3/2/2024 53.174226
9/2/2012 27.474780
9/2/2024 54.722925
3/2/2013 28.274983
3/2/2025 56.316730
9/2/2013 29.098492
9/2/2025 57.956955
3/2/2014 29.945985
3/2/2026 59.644951
9/2/2014 30.818162
9/2/2026 61.382111
3/2/2015 31.715741
3/2/2027 63.169864
9/2/2015 32.639462
9/2/2027 65.009687
3/2/2016 33.590086
3/2/2028 66.903094
9/2/2016 34.568398
9/2/2028 68.851647
3/2/2017 35.575202
3/2/2029 70.856951
9/2/2017 36.611330
9/2/2029 72.920659
3/2/2018 37.677635
3/2/2030 75.044474
9/2/2018 38.774996
9/2/2030 77.230144
3/2/2019 39.904318
3/2/2031 79.479472
9/2/2019 41.066531
9/2/2031 81.794311
3/2/2020 42.262594
3/2/2032 84.176571
9/2/2020 43.493492
9/2/2032 86.628213
3/2/2021 44.760240
3/2/2033 89.151260
9/2/2021 46.063882
9/2/2033 91.747791
3/2/2022 47.405492
3/2/2034 94.419945
9/2/2022 48.786177
9/2/2034 97.169926
17909-3128X9B33

3

Redemption Date
Call Price Percentage
*Maturity Date
*3/2/2035 100.000000

RISK FACTORS:

An investment in the Medium-Term Notes entails certain risks not associated with an investment in conventional fixed-rate
debt securities that pay interest periodically. While the Medium-Term Notes, if held to maturity, will pay 100% of their principal
amount, or in the case of redemption, the product of the applicable call price percentage and the principal amount thereof, including
return of the accreted value to the optional redemption date, their market value could be adversely affected by changes in prevailing
interest rates and the optional redemption feature. This effect on the market value could be magnified in a rising interest rate
environment in the case of the Medium-Term Notes due to their relatively long remaining term to maturity. In such an environment,
the market value of the Medium-Term Notes generally will fall, which could result in significant losses to investors whose
circumstances do not permit them to hold the Medium-Term Notes until maturity. It is also unlikely that Freddie Mac would redeem
the Medium-Term Notes in such an interest rate environment, when Freddie Mac's costs of borrowing would be relatively high. On
the other hand, in a falling interest rate environment, in which the market value of the Medium-Term Notes generally would rise, it
is likely that Freddie Mac would redeem the Medium-Term Notes, when its costs of borrowing would be relatively low; under those
circumstances, it is likely that the optional redemption provision would restrict the market value that the Medium-Term Notes
otherwise would have. Those factors, combined with the fact that payments on the Medium-Term Notes will be made only at
maturity or upon redemption, and not periodically, also could affect the secondary market for and the liquidity of the Medium-Term
Notes. Investors therefore should have the financial status and, either alone or with a financial advisor, the knowledge and
experience in financial and business matters sufficient to evaluate the merits and to bear the risks of investing in the Medium-Term
Notes in light of each investor's particular circumstances and should consider whether their circumstances permit them to hold the
Medium-Term Notes until maturity, or otherwise to bear the risks of illiquidity, redemption and changes in interest rates. See "Risk
Factors" in the Offering Circular.

17909-3128X9B33