Obligation Freddy Mac 5.25% ( US3134G1NN03 ) en USD

Freddy Mac

100 % ⇌

Etas-Unis

US3134G1NN03 ( en USD )

5.25% par an ( paiement semestriel )

28/07/2025 - Obligation échue

Prospectus brochure de l'obligation Freddie Mac US3134G1NN03 en USD 5.25%, échue

1 000 USD

300 000 000 USD

3134G1NN0

NR

NR

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

Une analyse approfondie révèle les caractéristiques d'une émission obligataire de type standard, identifiée par le code ISIN US3134G1NN03 et le code CUSIP 3134G1NN0, émise par Freddie Mac. Freddie Mac, ou Federal Home Loan Mortgage Corporation, est une entité parrainée par le gouvernement (Government-Sponsored Enterprise - GSE) des États-Unis, dont la mission principale est d'assurer la liquidité, la stabilité et l'accessibilité du marché du logement américain en achetant des prêts hypothécaires aux banques et autres prêteurs, puis en les regroupant en titres garantis par des hypothèques. Cette obligation, libellée en dollars américains (USD), offre un taux d'intérêt annuel de 5.25% et prévoit des paiements semi-annuels (fréquence de paiement de 2). Avec une date de maturité fixée au 28 juillet 2025, elle se positionne comme un instrument à court/moyen terme. Le montant total de cette émission s'élève à 300 000 000 USD, avec une taille minimale d'achat fixée à 1 000 USD par unité, la rendant accessible à un large éventail d'investisseurs. Actuellement, le prix sur le marché de cette obligation est de 100% de sa valeur nominale. Il est à noter que les agences de notation Standard & Poor's (S&P) et Moody's ont toutes deux attribué une notation "NR" (Non Noté) à cette émission, ce qui est parfois le cas pour des instruments émis par des GSEs bénéficiant d'un soutien implicite ou explicite du gouvernement américain, la perception du risque étant souvent intrinsèquement liée à cette affiliation.

PRICING SUPPLEMENT DATED July 16, 2010
(to Offering Circular Dated February 24, 2010)
$300,000,000

Freddie Mac

Step Medium-Term Notes Due July 28, 2025
Redeemable periodically, beginning January 28, 2011

Issue Date:
July 28, 2010
Maturity Date:
July 28, 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 28th day of January, April, July, October, commencing
January 28, 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 January 28, 2011
Interest Payment Dates:
January 28 and July 28
Principal Payment:
At maturity, or upon redemption
CUSIP Number:
3134G1NN0

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%
.05%
99.95%
Total
$300,000,000
$150,000
$299,850,000

(1)
Plus accrued interest, if any, from July 28, 2010.
(2)
See "Distribution Arrangements" in the Offering Circular.
(3)
Before deducting expenses payable by Freddie Mac estimated at $1,000.

Citigroup Global Markets Inc.

First Tennessee Bank N.A.
JPMorgan

2

OFFERING:

1. Pricing
Date:
July 16, 2010
2.
Method of Distribution:
x Principal
Agent
3. Concession:
N/A
4. Reallowance::
N/A
5. Syndication:
Yes:

Underwriter

Underwriting Commitment

Citigroup Global Markets Inc. (the "Representative")
$100,000,000

First Tennessee Bank National Association
100,000,000

J.P. Morgan Securities Inc.
100,000,000

$300,000,000

STEP INTEREST RATES:
3.00% per annum from July 28, 2010 to, but not including, July 28, 2012;
3.50% per annum from July 28, 2012 to, but not including, July 28, 2015;
5.00% per annum from July 28, 2015 to, but not including, July 28, 2020;
5.25% per annum from July 28, 2020 to, but not including, July 28, 2025.

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 an 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.

18689-3134G1NN0