Obligation Freddy Mac 5.5% ( US3134G77M74 ) en USD

Freddy Mac

100 % ⇌

Etas-Unis

US3134G77M74 ( en USD )

5.5% par an ( paiement semestriel )

24/11/2023 - Obligation échue

Prospectus brochure de l'obligation Freddie Mac US3134G77M74 en USD 5.5%, échue

1 000 USD

25 000 000 USD

3134G77M7

AA+ ( Haute qualité )

Aaa ( Première 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 Freddie Mac (ISIN : US3134G77M74, CUSIP : 3134G77M7), émise aux États-Unis pour un montant total de 25 000 000 USD, avec un taux d'intérêt de 5,5%, une taille minimale d'achat de 1 000 USD, et une maturité au 24/11/2023, a été remboursée à 100% de sa valeur nominale, les paiements d'intérêts étant effectués deux fois par an, et notée AA+ par Standard & Poor's et Aaa par Moody's.

PRICING SUPPLEMENT DATED October 28, 2015

(to the Offering Circular Dated February 19, 2015)

$25,000,000

Freddie Mac

Step Medium-Term Notes Due November 24, 2023
Redeemable periodically, beginning February 24, 2016

Issue Date:
November 24, 2015
Maturity Date:
November 24, 2023
Subject to Redemption:
Yes. The Medium-Term Notes are redeemable at our option, upon
notice from 5 Business Days to 60 calendar days prior to redemption, at
a price of 100% of the principal amount, plus accrued interest to the
Redemption Date.
Redemption Date(s):
Quarterly, on the 24th day of February, May, August, and November,
commencing February 24, 2016
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, co mmencing May 24, 2016
Interest Payment Dates:
May 24 and November 24
Principal Pay ment:
At maturity, or upon redemption
CUSIP Nu mber:
3134G77M7

You should read this Pricing Supplement together with Freddie Mac's Global Debt Facility Offering
Circular, dated February 19, 2015 (the "Offering Circular"), and all documents that are incorporated by reference in
the Offering Circular, wh ich contain important detailed information about the Medium-Term Notes and Freddie
Mac. See "Additional Information" in the Offering Circular. Cap italized 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.

Price to Public (1)(2)
Underwriting Discount (2)
Proceeds to Freddie Mac (1)(3)

Per Medium-Term Note
100%
.46%
99.54%
Total
$25,000,000
$115,000
$24,885,000

1. Plus accrued interest, if any, from November 24, 2015.
2. See "Distribution Arrangements" in the Offering Circular.
3. Before deducting expenses payable by Freddie Mac estimated at $1,000.
Morgan Stanley
Raymond James & Associates, Inc.

2

OFFERING:

1. Pricing Date:

October 28, 2015
2. Method of Distribution: x Principal
Agent
3. Concession:

N/A
4. Reallowance:

N/A
5. Syndication:

Yes:

Underwriters
Underwriting Co mmitment

Morgan Stanley & Co. LLC (the "Representative")
$20,000,000

Ray mond James & Associates, Inc.
5,000,000

Total..........................................
$25,000,000

STEP INTER ES T RATES:
1.50% per annum fro m November 24, 2015 to, but not including, November 24, 2018;
2.00% per annum fro m November 24, 2018 to, but not including, November 24, 2019;
3.00% per annum fro m November 24, 2019 to, but not including, November 24, 2020;
4.00% per annum fro m November 24, 2020 to, but not including, November 24, 2021;
5.50% per annum fro m November 24, 2021 to, but not including, November 24, 2022;
6.50% per annum fro m November 24, 2022 to, but not including, November 24, 2023.

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.

CERTAIN UNITED STATES FEDERAL TAX CONS EQUENCES

In IRS Notice 2015-66, the IRS announced that it intends to amend the FATCA Regulations, which are discussed in the
Offering Circular under the heading "CERTAIN UNITED STATES FEDERA L TAX CONSEQUENCES Non-U.S.
Owners Interest FATCA Withholding." The FATCA Regulations generally apply currently to certain withholdable
payments made by Freddie Mac, and under IRS Notice 2015-66, the FATCA Regulations will apply to certain gross
proceeds on sales and dispositions occurring after December 31, 2018, instead of December 31, 2016.

3134G77M7