Obligation Freddy Mac 6% ( US3128X8LS91 ) en USD

Freddy Mac

100 % ⇌

Etas-Unis

US3128X8LS91 ( en USD )

6% par an ( paiement semestriel )

12/03/2024 - Obligation échue

Prospectus brochure de l'obligation Freddie Mac US3128X8LS91 en USD 6%, échue

1 000 USD

15 000 000 USD

3128X8LS9

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 US3128X8LS91, paye un coupon de 6% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 12/03/2024

L'Obligation émise par Freddy Mac ( Etas-Unis ) , en USD, avec le code ISIN US3128X8LS91, 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 US3128X8LS91, a été notée AAA ( Première qualité ) par l'agence de notation Standard & Poor's ( S&P ).

PRICING SUPPLEMENT DATED February 19, 2009

(to Offering Circular Dated July 22, 2008)

$15,000,000

Freddie Mac

Variable Rate Medium-Term Notes Due March 12, 2024
Redeemable periodically, beginning June 12, 2009

Issue Date:
March 12, 2009
Maturity Date:
March 12, 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 12th day of March, June, September, and December, commencing
June 12, 2009
Interest Rate:
See "Description of the Medium-Term Notes" herein
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3128X8LS9

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 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%
1.45%
98.55%

$10,000,000
$145,000
$9,855,000
Per Medium-Term Note
100%
1.79%
98.21%

$5,000,000
$89,500
$4,910,500
Total
$15,000,000
$234,500
$14,765,500

(1)
Plus accrued interest, if any, from March 12, 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:
3750
Interest Rate:
6.00% 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 LIBOR for the Index Currency at the Index Maturity for
the relevant LIBOR Observation Date is within the LIBOR Range. If the value of
LIBOR for the Index Currency at the Index Maturity on the relevant LIBOR
Observation Date 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 6.00% per annum. If, however, the value of LIBOR for the Index Currency at
the Index Maturity on the relevant LIBOR Observation Date, is less than 0.00% per
annum or greater than 6.00% per annum on the relevant LIBOR Observation Date,
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 12th day of each March, June, September, and December
(each such date, an "Interest Payment Date"), commencing June 12, 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 6.00%, subject to "Interest
Accrual" as described above. Investors should consider the risk that LIBOR for the Index Currency at the Index Maturity,
determined on a daily basis, may exceed 6.00% per annum 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 LIBOR for the Index Currency at the Index
Maturity, 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 LIBOR for the Index Currency at the Index Maturity depends on a number of interrelated factors, including economic,
financial and political events, over which Freddie Mac has no control. The following table, showing the level of LIBOR for the
Index Currency at the Index Maturity in effect for the Hypothetical Determination Dates listed below, illustrates the variability of that
rate:
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Historical Levels of 6-Month LIBOR

Hypothetical
6-Month LIBOR
Determination Date
Percentage
3/12/2007 5.34250
6/12/2007 5.40000
9/12/2007 5.51875
12/12/2007 4.92875
3/12/2008 2.78750
6/12/2008 3.13313
9/12/2008 3.08938
12/12/2008 2.22000

The historical experience of LIBOR for the Index Currency at the Index Maturity should not be taken as an indication of
the future performance of LIBOR for the Index Currency at the Index Maturity during the term of the Medium-Term Notes.
Fluctuations in the level of LIBOR for the Index Currency at the Index Maturity 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.

OFFERING:

1. Pricing
Date:
February 19, 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.

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 Payment 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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