Obbligazione Freddy Mac 5% ( US3133F2L290 ) in USD

Emittente Freddy Mac
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US3133F2L290 ( in USD )
Tasso d'interesse 5% per anno ( pagato 2 volte l'anno)
Scadenza 15/07/2023 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Freddie Mac US3133F2L290 in USD 5%, scaduta


Importo minimo 1 000 USD
Importo totale 580 000 USD
Cusip 3133F2L29
Descrizione dettagliata Freddie Mac è una società pubblica statunitense che acquista e garantisce mutui ipotecari residenziali, contribuendo alla stabilità del mercato immobiliare.

The Obbligazione issued by Freddy Mac ( United States ) , in USD, with the ISIN code US3133F2L290, pays a coupon of 5% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/07/2023







Pricing Supplement No. 396 (Page 1 of 4)
(to Offering Circular dated March 17, 2008)


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

Trade Date:
July 21, 2008
Issue Date:
July 24, 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%,


3133F2K53
4.25%
July 15, 2013
100%
$780,000
Semi
January 15, 2009
Yes
Yes
in whole only, on July 15, 2009 and
0.800%
99.200%

continuously thereafter









Callable by Freddie Mac at 100%,


3133F2K79
5.00%
July 15, 2017
100%
$834,000
Semi
January 15, 2009
Yes
Yes
in whole only, on July 15, 2009 and
1.240%
98.760%

continuously thereafter









Callable by Freddie Mac at 100%,


3133F2K95
5.50%
July 15, 2022
100%
$1,648,000
Semi
January 15, 2009
Yes
Yes
in whole only, on July 15, 2009 and
1.180%
98.820%

continuously thereafter









Callable by Freddie Mac at 100%,


3133F2L37
5.30%
July 15, 2028
100%
$1,686,000
Monthly
August 15, 2008
Yes
Yes
in whole only, on July 15, 2012 and
2.250%
97.750%

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 FreddieNotes Offering Circular, dated March 17, 2008 (the "Offering Circular"), and all documents that are
incorporated by reference in the Offering Circular, which contain important detailed information about the FreddieNotes and Freddie Mac. You should also read the Registration
Statement on Form 10 declared effective by the United States Securities and Exchange Commission on July 18, 2008 for additional information about Freddie Mac. 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.

15703-15709FN


Pricing Supplement No. 396 (Page 2 of 4)
(to Offering Circular dated March 17, 2008)


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

Trade Date:
July 21, 2008
Issue Date:
July 24, 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%,


3133F2K61
*Step
July 15, 2014
100%
$1,565,000
Semi
January 15, 2009
Yes
Yes
in whole only, on July 15, 2009 and
0.830%
99.170%

continuously thereafter


*Step Coupon Schedule:

July 24, 2008 to, but not including, July 15, 2010;
4.00%
July 15, 2010 to, but not including, July 15, 2011;
4.50%
July 15, 2011 to, but not including, July 15, 2012;
5.00%
July 15, 2012 to, but not including, July 15, 2013;
5.50%
July 15, 2013 to, but not including, July 15, 2014.
6.00%
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 FreddieNotes Offering Circular, dated March 17, 2008 (the "Offering Circular"), and all documents that are
incorporated by reference in the Offering Circular, which contain important detailed information about the FreddieNotes and Freddie Mac. You should also read the Registration
Statement on Form 10 declared effective by the United States Securities and Exchange Commission on July 18, 2008 for additional information about Freddie Mac. 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.

15703-15709FN


Pricing Supplement No. 396 (Page 3 of 4)
(to Offering Circular dated March 17, 2008)


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

Trade Date:
July 21, 2008
Issue Date:
July 24, 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%,


3133F2K87
*Step
July 15, 2020
100%
$1,010,000
Semi
January 15, 2009
Yes
Yes
in whole only, on July 15, 2009 and
1.400%
98.600%

continuously thereafter


*Step Coupon Schedule:

July 24, 2008 to, but not including, July 15, 2012;
5.00%
July 15, 2012 to, but not including, July 15, 2014
5.25%
July 15, 2014 to, but not including, July 15, 2016;
5.50%
July 15, 2016 to, but not including, July 15, 2018;
6.00%
July 15, 2018 to, but not including, July 15, 2020.
7.00%
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 FreddieNotes Offering Circular, dated March 17, 2008 (the "Offering Circular"), and all documents that are
incorporated by reference in the Offering Circular, which contain important detailed information about the FreddieNotes and Freddie Mac. You should also read the Registration
Statement on Form 10 declared effective by the United States Securities and Exchange Commission on July 18, 2008 for additional information about Freddie Mac. 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.

15703-15709FN


Pricing Supplement No. 396 (Page 4 of 4)
(to Offering Circular dated March 17, 2008)


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

Trade Date:
July 21, 2008
Issue Date:
July 24, 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%,


3133F2L29
*Step
July 15, 2023
100%
$580,000
Semi
January 15, 2009
Yes
Yes
in whole only, on July 15, 2009 and
1.500%
98.500%

continuously thereafter


*Step Coupon Schedule:

July 24, 2008 to, but not including, July 15, 2012;
5.00%
July 15, 2012 to, but not including, July 15, 2023.
6.00%

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 FreddieNotes Offering Circular, dated March 17, 2008 (the "Offering Circular"), and all documents that are
incorporated by reference in the Offering Circular, which contain important detailed information about the FreddieNotes and Freddie Mac. You should also read the Registration
Statement on Form 10 declared effective by the United States Securities and Exchange Commission on July 18, 2008 for additional information about Freddie Mac. 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.

15703-15709FN