Obligation Freddy Mac 0% ( US312902VN63 ) en USD

Freddy Mac

93.675 % ▲

Etas-Unis

US312902VN63 ( en USD )

0%

04/01/2027

Prospectus brochure de l'obligation Freddie Mac US312902VN63 en USD 0%, échéance 04/01/2027

1 000 USD

37 782 000 USD

312902VN6

AA+ ( Haute qualité )

Aa1 ( Haute 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 US312902VN63, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 04/01/2027

L'Obligation émise par Freddy Mac ( Etas-Unis ) , en USD, avec le code ISIN US312902VN63, a été notée Aa1 ( Haute qualité ) par l'agence de notation Moody's.

L'Obligation émise par Freddy Mac ( Etas-Unis ) , en USD, avec le code ISIN US312902VN63, a été notée AA+ ( Haute qualité ) par l'agence de notation Standard & Poor's ( S&P ).

PRICING SUPPLEMENT DATED April 19, 2000
(to Offering Circular Dated June 25, 1999)
$37,782,000
Freddie Mac
Zero Coupon Medium-Term Notes Due January 4, 2027
Issue Date:
April 25, 2000
Maturity Date:
January 4, 2027
Subject to Redemption:
No
Payment of Interest:
None
Payment of Principal:
At maturity
CUSIP Number:
312902VN6
There will be no periodic payments of interest on the Medium-Term Notes. The only scheduled payment that will be
made to the holder of a Medium-Term Note will be made on the Maturity Date in an amount equal to the principal amount of
the Medium-Term Notes.
The Medium-Term Notes will be issued with original issue discount. See "Certain United States Federal Tax
Consequences - U.S. Owners - Debt Obligations with Original Issue Discount" in the Offering Circular, as defined herein.
You should read this Pricing Supplement together with Freddie Mac's Debentures, Medium-Term Notes, and
Discount Notes Offering Circular dated June 25, 1999 (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 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.
Proceeds to
Price to
Underwriting
Freddie Mac
Public (1)(2)
Discount (2)
(1)(3)
Per Medium-Term Note
17.654%
.500%
17.154%
Total. . . . . . . .
$6,670,034.28
$188,910.00
$6,481,124.28
(1)
Plus accretion, if any, in value from April 25, 2000.
(2)
See "Distribution Arrangements" in the Offering Circular for additional information concerning price to public
and underwriting compensation.
(3)
Before deducting expenses payable by Freddie Mac estimated at $5,000.

Merrill Lynch & Co.

OFFERING:
1.
Pricing date:
April 19, 2000
2.
Method of Distribution:
x
Principal

Agent
3.
Concession:
N/A
4.
Reallowance:
N/A
5.
Underwriter:
Merrill Lynch Government Securities Inc.
6.
Underwriter's Counsel:
Brown & Wood LLP
RISK FACTORS
An investment in the Medium-Term Notes presents certain risks that are different from an investment in
conventional fixed-rate debt securities that pay interest periodically. If you hold the Medium-Term Notes to maturity,
they will provide return of your principal, including return of the applicable discount, but their market value is likely to
fluctuate substantially with changes in prevailing interest rates. The market value of the Medium-Term Notes
generally will fall in a rising interest rate environment creating a risk of loss of your investment capital if your
circumstances do not permit you to hold the Medium-Term Notes to maturity; the market value of the Medium-Term
Notes generally will rise in a falling interest rate environment. The possibility of such substantial price volatility,
combined with the fact that payments on the Medium-Term Notes will be made only at maturity, also could affect the
secondary market for, and the liquidity of, the Medium-Term Notes. Consequently, you should purchase the Medium-
Term Notes only if you understand, either alone or with a financial advisor and are able to bear the yield, market,
liquidity and structure risks associated with them. See "Risk Factors" in the Offering Circular.
Prospective investors should consult their own tax and legal advisors as to the tax consequences of holding,
owning and disposing of the Medium-Term Notes, and whether and to what extent the Medium-Term Notes constitute
legal investments for such investors. See "Certain United States Federal Tax Consequences" and "Legal Investment
Considerations" in the Offering Circular.
OTHER SPECIAL TERMS
x
None

Yes; as follows:
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