Obligation Freddy Mac 5% ( US3128X0ZR37 ) en USD

Société émettrice Freddy Mac
Prix sur le marché 100 %  ⇌ 
Pays  Etas-Unis
Code ISIN  US3128X0ZR37 ( en USD )
Coupon 5% par an ( paiement semestriel )
Echéance 13/02/2018 - Obligation échue



Prospectus brochure de l'obligation Freddie Mac US3128X0ZR37 en USD 5%, échue


Montant Minimal 1 000 USD
Montant de l'émission 25 000 000 USD
Cusip 3128X0ZR3
Description détaillée Freddie Mac est une société publique américaine qui achète et garantit des prêts hypothécaires résidentiels, contribuant ainsi à la stabilité du marché du logement.

L'Obligation émise par Freddy Mac ( Etas-Unis ) , en USD, avec le code ISIN US3128X0ZR37, paye un coupon de 5% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 13/02/2018







PRICING SUPPLEMENT DATED January 16, 2003
(to Offering Circular Dated May 7, 2002)









$25,000,000












Freddie Mac


Step Medium-Term Notes Due February 13, 2018
Redeemable beginning February 13, 2004

Issue Date:
February 13, 2003

Maturity Date:
February 13, 2018

Subject to Redemption:
Yes. The Medium-Term Notes are redeemable at our option, 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. We will redeem all of the Medium-Term Notes if we exercise our
option.
Redemption Date(s):
On or after February 13, 2004
Interest Rate:
The Medium-Term Notes bear interest at different fixed rates, during different periods.
(See "Step Interest Rates" herein.)
Frequency of Interest Payments:
Semiannually, in arrears, commencing August 13, 2003
Interest Payment Dates:
February 13 and August 13
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3128X0ZR3


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%
.93%
99.07%
Total
$25,000,000
$232,500
$24,767,500

(1)
Plus accrued interest, if any, from February 13, 2003.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $5,000.

Prudential Securities Incorporated




2



OFFERING:


1. Pricing
date:
January 16, 2003
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5. Underwriter:
Prudential Securities Incorporated
6. Underwriter's
Counsel:
Cleary, Gottlieb, Steen & Hamilton


STEP INTEREST RATES
5.00% per annum from February 13, 2003 to, but not including, February 13,
2008;
6.00% per annum from February 13, 2008 to, but not including, February 13,
2013;
7.00% per annum from February 13, 2013 to, but not including, February 13,
2018.

7654PRfeb13.doc