Obligation Freddy Mac 4.5% ( US3134G1K862 ) en USD

Freddy Mac

100 % ⇌

Etas-Unis

US3134G1K862 ( en USD )

4.5% par an ( paiement semestriel )

30/12/2025

Prospectus brochure de l'obligation Freddie Mac US3134G1K862 en USD 4.5%, échéance 30/12/2025

1 000 USD

50 000 000 USD

3134G1K86

N/A

N/A

30/12/2025 ( Dans 147 jours )

Freddie Mac est une société publique américaine qui achète et garantit des prêts hypothécaires résidentiels, contribuant ainsi à la stabilité du marché du logement.

Cet article présente une analyse détaillée d'une obligation émise par Freddie Mac (Federal Home Loan Mortgage Corporation), une entreprise parrainée par le gouvernement (GSE) des États-Unis, dont la mission est de fournir liquidité, stabilité et abordabilité au marché hypothécaire résidentiel américain en achetant des prêts hypothécaires auprès des prêteurs, en les regroupant en titres adossés à des créances hypothécaires (MBS), puis en les vendant sur le marché des capitaux, un mécanisme qui lui confère un rôle systémique bien que ses obligations ne soient pas explicitement garanties par la pleine foi et le crédit du gouvernement américain. Cette dette est identifiée par le code ISIN US3134G1K862 et le code CUSIP 3134G1K86, des identifiants cruciaux pour sa traçabilité et sa négociation sur les marchés financiers internationaux et nord-américains, respectivement. Émise aux États-Unis et libellée en dollars américains (USD), son prix actuel sur le marché s'établit à 100% de sa valeur nominale, ce qui indique que l'obligation se négocie au pair, impliquant que son rendement à l'échéance est actuellement égal à son taux de coupon. Elle offre un taux d'intérêt nominal de 4.5%, versé semi-annuellement (deux fois par an), garantissant un flux de revenus régulier aux porteurs. La maturité est fixée au 30 décembre 2025, positionnant cet instrument comme une obligation à court-moyen terme sur l'horizon d'investissement, et l'émission totale représente un montant significatif de 50 000 000 USD, avec une taille minimale d'achat fixée à 1 000 USD, la rendant accessible à un éventail d'investisseurs allant des institutions aux particuliers.

PRICING SUPPLEMENT DATED December 7, 2010
(to Offering Circular Dated February 24, 2010)

$50,000,000

Freddie Mac

Step Medium-Term Notes Due December 30, 2025
Redeemable periodically, beginning June 30, 2011

Issue Date:
December 30, 2010
Maturity Date:
December 30, 2025
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 30th day of March, June, September, and December, commencing
June 30, 2011
Interest Rate:
The Medium-Term Notes bear interest at different fixed rates, during different
periods. (See "Step Interest Rates" herein.)
Frequency of Interest Payments:
Semiannually, in arrears, commencing June 30, 2011
Interest Payment Dates:
June 30 and December 30
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3134G1K86

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
100%
.75%
99.25%
Total
$50,000,000
$375,000
$49,625,000

(1)
Plus accrued interest, if any, from December 30, 2010.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $1,000.

Incapital LLC

J. P. Morgan

2

OFFERING:

1. Pricing
Date:
December 7, 2010
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance:
N/A
5. Syndication:
Yes:

Underwriter

Underwriting Commitment

Incapital LLC (the "Representative")
$25,000,000

J. P. Morgan Securities LLC
25,000,000

$50,000,000

STEP INTEREST RATES:
4.00% per annum from December 30, 2010 to, but not including, December 30, 2015;
4.25% per annum from December 30, 2015 to, but not including, December 30, 2020;
4.50% per annum from December 30, 2020 to, but not including, December 30, 2022;
5.00% per annum from December 30, 2022 to, but not including, December 30, 2023;
6.00% per annum from December 30, 2023 to, but not including, December 30, 2024;
7.00% per annum from December 30, 2024 to, but not including, December 30, 2025.

19206-3134G1K86