Obbligazione Freddy Mac 0% ( US312924AU71 ) in USD

Emittente Freddy Mac
Prezzo di mercato refresh price now   100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US312924AU71 ( in USD )
Tasso d'interesse 0%
Scadenza 21/08/2026



Prospetto opuscolo dell'obbligazione Freddie Mac US312924AU71 en USD 0%, scadenza 21/08/2026


Importo minimo 1 000 USD
Importo totale 200 000 000 USD
Cusip 312924AU7
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 US312924AU71, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 21/08/2026









PRICING SUPPLEMENT DATED August 2, 2001

(to Offering Circular Dated January 18, 2001)








$200,000,000

Freddie Mac




Zero Coupon Medium-Term Notes Due August 21, 2026
Redeemable periodically, beginning August 21, 2003

Issue Date:
August 21, 2001
Maturity Date:
August 21, 2026
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 February 21 and August 21, commencing August 21, 2003
Interest Rate Per Annum:
None
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
312924AU7

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 the
product of the call price for such redemption date and the principal amount of the Medium-Term Notes. 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 Debentures, Medium-Term Notes and Discount Notes
Offering Circular, dated January 18, 2001 (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.



Proceeds to

Price to
Underwriting
Freddie Mac

Public (1)(2)
Discount (2)
(1)(3)
Per Medium-Term Notes
15.756345%
.150000%
15.606345%
Total
$25,210,152
$240,000
$24,970,152




Per Medium-Term Notes
15.756345%
.156345%
15.600000%

$6,302,538
$62,538
$6,240,000
Total
$31,512,690
$302,538
$31,210,152
(1)
Plus return of discount, if any, from August 21, 2001.
(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.

OFFERING



2



1. Pricing
date:
August 2, 2001
2.
Method of Distribution:
x Principal
Agent
3. Concession:
.125%
4. Reallowance:
N/A
5.
Underwriter:
Goldman, Sachs & Co.
6. Underwriter's
Counsel:
Cleary, Gottlieb, Steen & Hamilton


OTHER SPECIAL TERMS
None
x
Yes; as follows:



REDEMPTION


The Medium-Term Notes are subject to redemption by Freddie Mac, at its option, on the dates and at the
respective call prices 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 for such redemption date and the
principal amount of Medium-Term Notes held by such investor.







Call Price Schedule
Redemption
Call Price
Redemption
Call Price
Redemption
Call Price
Date
%
Date
%
Date
%
08/21/03 18.266656
08/21/11 32.996911
08/21/19 59.605665
02/21/04 18.954395
02/21/12 34.239245
02/21/20 61.849818
08/21/04 19.668028
08/21/12 35.528352
08/21/20 64.178463
02/21/05 20.408529
02/21/13 36.865995
02/21/21 66.594783
08/21/05 21.176911
08/21/13 38.254000
08/21/21 69.102076
02/21/06 21.974221
02/21/14 39.694263
02/21/22 71.703769
08/21/06 22.801551
08/21/14 41.188752
08/21/22 74.403416
02/21/07 23.660029

02/21/15 42.739508
02/21/23 77.204705
08/21/07 24.550829
08/21/15 44.348651
08/21/23 80.111462
02/21/08 25.475168
02/21/16 46.018377
02/21/24 83.127659
08/21/08 26.434308
08/21/16 47.750969
08/21/24 86.257415
02/21/09 27.429560
02/21/17 49.548793
02/21/25 89.505007
08/21/09 28.462283
08/21/17 51.414305
08/21/25 92.874870
02/21/10 29.533888
02/21/18 53.350054
02/21/26 96.371609
08/21/10 30.645838
08/21/18 55.358683
08/21/26 100.000000
02/21/11 31.799654
02/21/19 57.442938

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
or redemption, will provide return of their principal, 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
r\legal\ftso\debent\dealers\zerocall\4775GSaug21.doc



3


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.
r\legal\ftso\debent\dealers\zerocall\4775GSaug21.doc


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