Obligation Freddy Mac 6.25% ( US3128X72C78 ) en USD

Freddy Mac

100 % ⇌

Etas-Unis

US3128X72C78 ( en USD )

6.25% par an ( paiement semestriel )

02/10/2023 - Obligation échue

Prospectus brochure de l'obligation Freddie Mac US3128X72C78 en USD 6.25%, échue

1 000 USD

150 000 000 USD

3128X72C7

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 US3128X72C78, paye un coupon de 6.25% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 02/10/2023

PRICING SUPPLEMENT DATED September 25, 2008

(to Offering Circular Dated July 22, 2008)

$150,000,000

Freddie Mac

6.25% Fixed Rate Medium-Term Notes Due October 2, 2023
Redeemable periodically, beginning April 2, 2009

Issue Date:
October 2, 2008
Maturity Date:
October 2, 2023
Subject to Redemption:
Yes. The Medium-Term Notes are redeemable at our option, in whole only,
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.
Redemption Date(s):
Quarterly, on the 2nd day of January, April, July, and October, commencing
April 2, 2009
Interest Rate Per Annum:
6.25%
Frequency of Interest Payments:
Semiannually, in arrears, commencing April 2, 2009
Interest Payment Dates:
April 2 and October 2
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3128X72C7

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering Circular, dated
July 22, 2008 (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
100%
.030%
99.970%

$50,000,000
$15,000
$49,985,000
Per Medium-Term Note
100%
.200%
99.800%

$50,000,000
$100,000
$49,900,000
Per Medium-Term Note
100%
.175%
99.825%

$50,000,000
$87,500
$49,912,500
Total
$150,000,000
$202,500
$149,797,500

(1)
Plus accrued interest, if any, from October 2, 2008.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $1,000.

JPMorgan

2

OFFERING:

1. Pricing
Date:
September 25, 2008
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5.
Underwriter:
J.P. Morgan Securities Inc.
6. Underwriter's
Counsel:
Sidley Austin LLP

CERTAIN UNITED STATES FEDERAL TAX CONSEQUENCES

For a discussion of the principal U.S. federal income tax consequences of the ownership and disposition of the Medium-
Term Notes described in this Pricing Supplement (the "New Medium Term Notes"), Owners should read the following summary
together with the sections entitled "Certain United States Federal Tax Consequences--U.S. Owners" and "--Non-U.S. Owners" in the
accompanying Offering Circular.

Deemed Debt Exchange Between Certain Holders and Freddie Mac

If an Owner purchasing the New Medium Term Notes from Freddie Mac had previously held our debt securities issued on (i)
January 30, 1998 and having the CUSIP Number 3134A1Z60, (ii) June 15, 2007 and having the CUSIP Number 3128X6DE3 or (iii)
December 13, 2007 and having the CUSIP Number 3128X6SL1 (collectively the "Old Medium Term Notes") and such Old Medium
Term Notes had been repurchased by Freddie Mac in a manner that was conditioned (implicitly or explicitly) upon such Owner's
purchase of the New Medium Term Notes, all or a portion of the repurchase and associated purchase may be treated as a "deemed
exchange" for U.S. federal income tax purposes.

We intend to treat the deemed exchange of an Old Medium Term Note for a New Medium Term Note as resulting in a
significant modification of the terms of the Old Medium Term Notes such that a deemed exchange of an Old Medium Term Note
for a New Medium Term Note will constitute an exchange for U.S. federal income tax purposes. Based on their terms, we
believe that the Old Medium Term Notes and the New Medium Term Notes should be treated as securities for purposes of the
recapitalization provisions. Thus, a deemed exchange of an Old Medium Term Note for a New Medium Term Note should
qualify as a recapitalization, and any portion of the New Medium Term Notes that is received in the deemed exchange should be
subject to the special tax consequences described in the Offering Circular under "Certain United States Federal Tax
Consequences--U.S. Owners--Deemed Exchange Qualifying as a Recapitalization." See "Certain United States Federal Tax
Consequences--U.S. Owners--Deemed Debt Exchange Between Certain Holders and Freddie Mac--Significant Modification
Test," "--U.S. Owners--Deemed Debt Exchange Between Certain Holders and Freddie Mac--Deemed Exchange Treated as a
Significant Modification" and "--U.S. Owners-- Deemed Debt Exchange Between Certain Holders and Freddie Mac--Deemed
Exchange Treated as a Significant Modification--Deemed Exchange Qualifying as a Recapitalization" in the Offering Circular.

Owners will not be subject to the special tax consequences as described in the Offering Circular under "Certain United States
Federal Tax Consequences--U.S. Owners--Deemed Exchange Qualifying as a Recapitalization" with respect to any portion of the
New Medium Term Notes that is not received in the deemed exchange. The U.S. federal tax consequences associated with such notes
will generally be as described in the Offering Circular under "Certain United States Federal Tax Consequences--U.S. Owners" and
"--Non-U.S. Owners."

We intend to treat a deemed exchange of an Old Medium Term Note for a New Medium Term Note as a significant
modification that qualifies as a recapitalization for U.S. federal income tax purposes. Owners who receive New Medium Term
Notes for Old Medium Term Notes agree to be bound to such treatment. Owners participating in a deemed exchange are
urged to consult their own tax advisors with respect to the U.S. federal tax consequences to them of participating in such
exchange based upon their particular circumstances, including any alternative characterizations of the deemed exchange.
15823-3128X72C7