Obligation Federal Home Loan Mortgage Corporation 0% ( US3134G1H314 ) en USD

Federal Home Loan Mortgage Corporation

100 % ⇌

Etas-Unis

US3134G1H314 ( en USD )

0%

12/01/2034

Prospectus brochure de l'obligation Federal Home Loan Mortgage Corp US3134G1H314 en USD 0%, échéance 12/01/2034

1 000 USD

1 000 000 000 USD

3134G1H31

NR

NR

La Federal Home Loan Mortgage Corporation (Freddie Mac) est une entreprise publique américaine qui achète et garantit des prêts hypothécaires résidentiels, contribuant ainsi à la stabilité et à l'accessibilité du marché du logement.

L'Obligation émise par Federal Home Loan Mortgage Corporation ( Etas-Unis ) , en USD, avec le code ISIN US3134G1H314, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 12/01/2034

L'Obligation émise par Federal Home Loan Mortgage Corporation ( Etas-Unis ) , en USD, avec le code ISIN US3134G1H314, a été notée NR par l'agence de notation Moody's.

L'Obligation émise par Federal Home Loan Mortgage Corporation ( Etas-Unis ) , en USD, avec le code ISIN US3134G1H314, a été notée NR par l'agence de notation Standard & Poor's ( S&P ).

PRICING SUPPLEMENT DATED December 2, 2010
(to Offering Circular Dated February 24, 2010)

$1,000,000,000

Freddie Mac

Zero Coupon Medium-Term Notes Due January 13, 2034
Redeemable periodically, beginning January 13, 2012

Issue Date:
January 13, 2011
Maturity Date:
January 13, 2034
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):
Semiannually, on January 13 and July 13, commencing January 13, 2012
Interest Rate:
None
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3134G1H31

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
(i) the principal amount of the Medium-Term Notes or (ii) the product of the call price percentage for such redemption date and the
principal amount of the Medium-Term Notes, as applicable. 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 Global Debt Facility Offering Circular, dated February
24, 2010 (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
32.114576%
.01%
32.104576%
Total
$321,145,760
$100,000
$321,045,760

(1)
Plus return of discount, if any, from January 13, 2011.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $1,000.

Deutsche Bank

2

OFFERING:

1. Pricing
Date:
December 2, 2010
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5.
Underwriter:
Deutsche Bank Securities 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.

REDEMPTION:

The Medium-Term Notes are subject to redemption by Freddie Mac, at its option, on the redemption dates and based on
the applicable call price percentages 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 percentage for such redemption date and
the principal amount of Medium-Term Notes held by such investor.

Call Price Schedule

Redemption Date
Call Price Percentage
Redemption Date
Call Price Percentage
7/13/2011 32.917440
1/13/2023 58.086467
1/13/2012 33.740376
7/13/2023 59.538629
7/13/2012 34.583886
1/13/2024 61.027094
1/13/2013 35.448483
7/13/2024 62.552772
7/13/2013 36.334695
1/13/2025 64.116591
1/13/2014 37.243062
7/13/2025 65.719506
7/13/2014 38.174139
1/13/2026 67.362493
1/13/2015 39.128492
7/13/2026 69.046556
7/13/2015 40.106705
1/13/2027 70.772720
1/13/2016 41.109372
7/13/2027 72.542038
7/13/2016 42.137107
1/13/2028 74.355589
1/13/2017 43.190534
7/13/2028 76.214478
7/13/2017 44.270298
1/13/2029 78.119840
1/13/2018 45.377055
7/13/2029 80.072836
7/13/2018 46.511481
1/13/2030 82.074657
1/13/2019 47.674269
7/13/2030 84.126524
7/13/2019 48.866125
1/13/2031 86.229687
1/13/2020 50.087778
7/13/2031 88.385429
7/13/2020 51.339973
1/13/2032 90.595064
1/13/2021 52.623472
7/13/2032 92.859941
7/13/2021 53.939059
1/13/2033 95.181440
1/13/2022 55.287535
7/13/2033 97.560976
7/13/2022 56.669724
*1/13/2034 100.000000
*Maturity Date
19178-3134G1H31

3

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, will pay 100% of their principal
amount, or in the case of redemption, the product of the applicable call price percentage and the principal amount thereof, 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 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.

19178-3134G1H31