Obligation Freddy Mac 6.5% ( US3128X8K682 ) en USD

Freddy Mac

100 % ⇌

Etas-Unis

US3128X8K682 ( en USD )

6.5% par an ( paiement semestriel )

17/06/2024 - Obligation échue

Prospectus brochure de l'obligation Freddie Mac US3128X8K682 en USD 6.5%, échue

1 000 USD

10 000 000 USD

3128X8K68

AAA ( Première qualité )

Aaa ( Première qualité )

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 US3128X8K682, paye un coupon de 6.5% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 17/06/2024

L'Obligation émise par Freddy Mac ( Etas-Unis ) , en USD, avec le code ISIN US3128X8K682, a été notée Aaa ( Première qualité ) par l'agence de notation Moody's.

L'Obligation émise par Freddy Mac ( Etas-Unis ) , en USD, avec le code ISIN US3128X8K682, a été notée AAA ( Première qualité ) par l'agence de notation Standard & Poor's ( S&P ).

PRICING SUPPLEMENT DATED May 21, 2009

(to Offering Circular Dated April 3, 2009)

$10,000,000

Freddie Mac

Variable Rate Medium-Term Notes Due June 17, 2024
Redeemable periodically, beginning September 17, 2009

Issue Date:
June 17, 2009
Maturity Date:
June 17, 2024
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):
Quarterly, on the 17th day March, June, September, and December, commencing
September 17, 2009
Interest Rate:
See "Description of the Medium-Term Notes" herein
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3128X8K68

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 offered pursuant to this Pricing Supplement are complex and highly structured debt
securities that may not pay interest for extended periods of time. The Medium-Term Notes are not a suitable investment
for individuals seeking a steady stream of income.

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%
1.00%
99.00%
Total
$10,000,000
$100,000
$9,900,000

(1)
Plus accrued interest, if any, from June 17, 2009.
(2) See
"Distribution
Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $1,000.

Barclays Capital

DESCRIPTION OF THE MEDIUM-TERM NOTES

Applicable Interest Rate Index:
LIBOR
Index Currency:
U.S. Dollars
Index Maturity:
6-Month
Designated Reuters Page:
LIBOR01
LIBOR Reference Rate:
The rate of LIBOR for the Index Currency at the Index Maturity for the relevant
LIBOR Observation Date
Interest Rate:
6.50% per annum, subject to "Interest Accrual" provisions, as described below.
Interest Accrual:
Interest will accrue on the Medium-Term Notes on each day during an
Interest Payment Period on which the LIBOR Reference Rate is within the
LIBOR Range. If the LIBOR Reference Rate is greater than or equal to
0.00% per annum and less than or equal to 6.00% per annum, interest will
accrue on the Medium-Term Notes for the related day at 6.50% per annum.
If, however, the LIBOR Reference Rate is less than 0.00% per annum or
greater than 6.00% per annum, then no interest will accrue on your Medium-
Term Notes for the related day. See "Risk Factors" below for relevant
considerations.
Day Count Convention:
Actual/Actual. The Interest Payment Period will not be adjusted to reflect any
shifting of the Interest Payment Date.
LIBOR Observation Date:
With respect to each London Banking Day during the applicable Interest
Payment Period that does not occur during the LIBOR Suspension Period,
that London Banking Day. With respect to each day that is not a London
Banking Day during the applicable Interest Payment Period not occurring
during the LIBOR Suspension Period, the last preceding London Banking
Day. With respect to each day during the applicable Interest Payment Period
occurring during the LIBOR Suspension Period, the LIBOR Observation
Date will be the last London Banking Day preceding the first day of such
LIBOR Suspension Period.
LIBOR Suspension Period:
The period beginning on the fifth (5th) New York Banking Day prior to, but
excluding, each Interest Payment Date (including the Maturity Date) and
ending on such Interest Payment Date.
LIBOR Range:
6-Month LIBOR >=0.00% and <=6.00%
Payment of Interest:
Quarterly, in arrears, on the 17th day of each March, June, September, and
December (each such date, an "Interest Payment Date"), commencing
September 17, 2009.
Denominations:
$100,000, and additional increments of $1,000

RISK FACTORS:

An investment in the Medium-Term Notes entails certain risks not associated with an investment in conventional fixed
rate Medium-Term Notes. See "Risk Factors" generally and "Various Factors Could Adversely Affect the Trading Value and
Yield of Your Debt Securities" in the Offering Circular. The interest rate of the Medium-Term Notes will be 6.50%, subject to
"Interest Accrual" as described above. Investors should consider the risk that the LIBOR Reference Rate, determined on a daily
basis, may fall outside the LIBOR Range on one or more days during the applicable Interest Payment Period, in which event no
interest will accrue for the related days during the Interest Payment Period. Because the Medium-Term Notes may not pay
interest for extended periods of time, the Medium-Term Notes are not a suitable investment for individuals seeking a steady
stream of income.

The secondary market for, and the market value of, the Medium-Term Notes will be affected by a number of factors
independent of the creditworthiness of Freddie Mac, including the level and direction of interest rates, the Interest Accrual
provisions applicable to the Medium-Term Notes, the anticipated level and potential volatility of the LIBOR Reference Rate,
the method of calculating LIBOR for the Index Currency at the Index Maturity, the time remaining to the maturity of the
Medium-Term Notes, the aggregate principal amount of the Medium-Term Notes and the availability of comparable
instruments. The level of the LIBOR Reference Rate will depend on a number of interrelated factors, including economic,
financial and political events, over which Freddie Mac has no control. The following graph sets forth the historical level of
LIBOR Reference Rate for the Index Currency at the Index Maturity for the period from January 1, 2000 to May 1, 2009.
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The historical level of LIBOR for the Index Currency at the Index Maturity should not be taken as an indication of the
future performance of the LIBOR Reference during the term of the Medium-Term Notes. Fluctuations in the level of the LIBOR
Reference Rate make the Medium-Term Notes' interest rates difficult to predict and can result in actual interest rates to investors
that are lower than anticipated. In addition, historical interest rates are not necessarily indicative of future interest rates.
Fluctuations in interest rates and interest rate trends that have occurred in the past are not necessarily indicative of fluctuations
that may occur in the future, which may be wider or narrower than those that have occurred historically. No assurance can be
given that the LIBOR Reference Rate will be within the LIBOR Range on any day of any Interest Payment Period during the
term of the Medium-Term Notes. We obtained the information in the graph above from Bloomberg Financial Markets, without
independent verification.

OFFERING:

1. Pricing
Date:
May 21, 2009
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5.
Underwriter:
Barclays Capital 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.

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CERTAIN UNITED STATES FEDERAL TAX CONSEQUENCES

Freddie Mac believes that the Medium-Term Notes provide for interest at an "objective rate" and
therefore constitute a "variable rate debt instrument," as those terms are used in the OID Regulations. Freddie
Mac intends to report interest deductions with respect to the Medium-Term Notes based on this treatment. See
"Certain United States Federal Tax Consequences Payments of Interest" in the Offering Circular. Investors
who purchase the Medium-Term Notes at a market discount or premium should consult their tax advisors
regarding the appropriate rate of accrual or amortization for such market discount or premium.

Although unlikely, it is possible that the Medium-Term Notes would be taxed in some other manner.
Investors should consult their tax advisors regarding alternative treatments, including the possible application of
the contingent payment debt regulations.

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