Obligation Freddy Mac 0% ( US312924BQ50 ) en USD

Société émettrice Freddy Mac
Prix sur le marché refresh price now   100 %  ⇌ 
Pays  Etas-Unis
Code ISIN  US312924BQ50 ( en USD )
Coupon 0%
Echéance 27/08/2026



Prospectus brochure de l'obligation Freddie Mac US312924BQ50 en USD 0%, échéance 27/08/2026


Montant Minimal 1 000 USD
Montant de l'émission 175 000 000 USD
Cusip 312924BQ5
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 US312924BQ50, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 27/08/2026









PRICING SUPPLEMENT DATED August 3, 2001

(to Offering Circular Dated January 18, 2001)








$175,000,000


Freddie Mac


Zero Coupon Medium-Term Notes Due August 27, 2026
Redeemable periodically, beginning August 27, 2002

Issue Date:
August 27, 2001
Maturity Date:
August 27, 2026
Subject to Redemption:
Yes. The Medium-Term Notes are redeemable at our option, upon notice of not
less than 5 Business Days. See "Redemption" herein. We will redeem all of the
Medium-Term Notes if we exercise our option.
Redemption Date(s):
On any semi-annual Interest Payment Date on or after August 27, 2002
Interest Rate Per Annum:
None
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
312924BQ5

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 or the redemption date, as applicable, in an amount equal to
the then principal amount of the Medium-Term Notes. See "Redemption" herein.


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.



You should read this Pricing Supplement together with Freddie Mac's Debentures, Medium-Term Notes and Discount Notes
Offering Circular, dated January 18, 2001 (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.



Proceeds to

Price to
Underwriting
Freddie Mac

Public (1)(2)
Discount (2)
(1)(3)
Per Medium-Term Notes
14.071262%
.05%
14.02126%
Total
$24,624,709
$87,500
$24,537,209

(1)
Plus return of discount, if any, from August 27, 2001.
(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.


NBC Capital Markets Group Inc.



2


OFFERING


1. Pricing
date:
August 3, 2001
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5.
Underwriter:
NBC Capital Markets Group Inc.


OTHER SPECIAL TERMS
x None

Yes; as follows:



REDEMPTION


The Medium-Term Notes are subject to redemption by Freddie Mac, at its option, on the dates and at the
respective call prices set forth in the following Call Price Schedule. Upon exercise of Freddie Mac's option to
redeem the Medium-Term Notes, each investor will receive the product of the call price for such redemption date and
the principal amount of Medium-Term Notes held by such investor.







Call Price Schedule
Redemption Call Price
Redemption
Call Price
Redemption Call Price
Date
%
Date
%
Date
%
8/27/2002 15.219476
2/27/2011 29.646026
8/27/2019 57.747508
2/27/2003 15.828256
8/27/2011 30.831867
2/27/2020 60.057409
8/27/2003 16.461386
2/27/2012 32.065141
8/27/2020 62.459705
2/27/2004 17.119841
8/27/2012 33.347747
2/27/2021 64.958093
8/27/2004 17.804635
2/27/2013 34.681657
8/27/2021 67.556417
2/27/2005 18.516820
8/27/2013 36.068923
2/27/2022 70.258674
8/27/2005 19.257493
2/27/2014 37.511680
8/27/2022 73.069021
2/27/2006 20.027793
8/27/2014 39.012147
2/27/2023 75.991781
8/27/2006 20.828904
2/27/2015 40.572633
8/27/2023 79.031453
2/27/2007 21.662061
8/27/2015 42.195539
2/27/2024 82.192711
8/27/2007 22.528543
2/27/2016 43.883360
8/27/2024 85.480419
2/27/2008 23.429685
8/27/2016 45.638695
2/27/2025 88.899636
8/27/2008 24.366872
2/27/2017 47.464242
8/27/2025 92.455621
2/27/2009 25.341547
8/27/2017 49.362812
2/27/2026 96.153846
8/27/2009 26.355209
2/27/2018 51.337325
8/27/2026 100.000000
2/27/2010 27.409417
8/27/2018 53.390818
8/27/2010 28.505794
2/27/2019 55.526450


RISK FACTORS


An investment in the Medium-Term Notes entails certain risks not associated with an investment in
conventional fixed-rate debt securities that pay interest periodically. While the Medium-Term Notes, if held to maturity
or redemption, will provide return of their principal, including return of the accreted value to the optional redemption
date, their market value could be adversely affected by changes in prevailing interest rates and the optional redemption
feature. This effect on the market value could be magnified in a rising interest rate environment in the case of the
Medium-Term Notes due to their relatively long remaining term to maturity. In such an environment, the market value
of the Medium-Term Notes generally will fall, which could result in significant losses to investors whose circumstances
do not permit them to hold the Medium-Term Notes until maturity. It is also unlikely that Freddie Mac would redeem
the Medium-Term Notes in such an interest rate environment, when Freddie Mac's costs of borrowing would be
r\legal\ftso\debent\dealers\zerocall\4798NBCaug27.doc




4

relatively high. On the other hand, in a falling interest rate environment, in which the market value of the Medium-Term
Notes generally would rise, it is likely that Freddie Mac would redeem the Medium-Term Notes, when its costs of
borrowing would be relatively low; under those circumstances, it is likely that the optional redemption provision would
restrict the market value that the Medium-Term Notes otherwise would have. Those factors, combined with the fact that
payments on the Medium-Term Notes will be made only at maturity or upon redemption, and not periodically, also
could affect the secondary market for and the liquidity of the Medium-Term Notes. Investors therefore should have the
financial status and, either alone or with a financial advisor, the knowledge and experience in financial and business
matters sufficient to evaluate the merits and to bear the risks of investing in the Medium-Term Notes in light of each
investor's particular circumstances and should consider whether their circumstances permit them to hold the Medium-
Term Notes until maturity, or otherwise to bear the risks of illiquidity, redemption and changes in interest rates. See
"Risk Factors" in the Offering Circular.





OTHER SPECIAL TERMS
x None


Yes; as follows:


4798--r:\legal\ftso\debent\zerocall-4798NBCaug27.doc.doc



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