Obligation Fannie Mae 6.03% ( US31364FDC23 ) en USD

Société émettrice Fannie Mae
Prix sur le marché refresh price now   104.76 %  ⇌ 
Pays  Etas-Unis
Code ISIN  US31364FDC23 ( en USD )
Coupon 6.03% par an ( paiement semestriel )
Echéance 07/10/2027



Prospectus brochure de l'obligation Federal National Mortgage Association US31364FDC23 en USD 6.03%, échéance 07/10/2027


Montant Minimal 1 000 USD
Montant de l'émission 350 000 000 USD
Cusip 31364FDC2
Notation Standard & Poor's ( S&P ) AA+ ( Haute qualité )
Notation Moody's Aa1 ( Haute qualité )
Prochain Coupon 08/04/2026 ( Dans 115 jours )
Description détaillée La Federal National Mortgage Association (Fannie Mae) est une société publique américaine qui achète, garantit et finance des prêts hypothécaires résidentiels, contribuant ainsi à la stabilité du marché hypothécaire.

L'obligation US31364FDC23 émise par la Federal National Mortgage Association (États-Unis) au prix actuel de 104,243% du nominal (USD), offre un taux d'intérêt de 6,03% avec une maturité fixée au 07/10/2027, une taille totale d'émission de 350 000 000 USD, une taille minimale d'achat de 1000 USD, une fréquence de paiement semestrielle, et bénéficie des notations AA+ de Standard & Poors et Aaa de Moody's.







PRICING SUPPLEMENT DATED OCTOBER 2, 1997
(To Offering Circular dated June 24, 1997)
FANNIE MAE
Medium-Term Notes,
Series B
This Pricing Supplement relates to the issue of Medium-Term Notes, Series B described
below (the "Notes") and should be read in conjunction with the Offering Circular dated June 24,
1997 (the "Offering Circular") relating to the Medium-Term Notes, Series B of the Federal
National Mortgage Association (the "Corporation" or "Fannie Mae"). Unless otherwise defined
herein, capitalized terms used herein have the meanings given to them in the Offering Circular.
THE NOTES, TOGETHER WITH INTEREST THEREON, ARE NOT
GUARANTEED BY THE UNITED STATES AND DO NOT CONSTITUTE A DEBT OR
OBLIGATION OF THE UNITED STATES OR OF ANY AGENCY OR
INSTRUMENTALITY THEREOF OTHER THAN THE CORPORATION.
CUSIP Number: 31364FDC2
Certain Securities Terms
1. Principal Amount: $350,000,000.00
2. Issue Date (expected Settlement Date): October 8, 1997
3. Maturity Date: October 8, 2027
a. Amount Payable on the Maturity Date: 100% of principal amount
4. Subject to Redemption Prior to Maturity Date
X No
Yes; in whole or in part, at the option of the Corporation, at any time (and from
time to time) on or after at a redemption price of 100% of the
principal amount redeemed, plus accrued interest thereon to the date of redemption
5. Interest Category: Fixed Rate Notes
6. Interest
a. Frequency of Interest Payments
X Semiannually
Other:
b. Interest Payment Dates: 8th day of each April and October


c. First Interest Payment Date: April 8, 1998
d. Interest rate per annum: 6.03%
Additional Information Relating to the Notes
Eligibility for Stripping on Original Issue Date
No
X Yes
Minimum Principal Amount $20,000,000.00
Offering
1. Pricing Date: October 2, 1997
2. Method of Distribution: X Principal Non-Underwritten
3. Dealer: Underwriting Commitment
Merrill Lynch Government Securities, Inc......................... $350,000,000.00
a. If Multiple Dealers, Representative(s): N/A
4. Offering Price:
X Fixed Offering Price: 92.729%, plus accrued interest, if any, from October 8, 1997
Variable Price Offering
5. If Fixed Offering Price, discount to Dealer: .55% of Principal Amount
6. Price to Dealer: 92.179% of Principal Amount
7. Proceeds to Corporation: $322,626,500.00
8. Concession: .35% and reallowance: .25%
United States Taxation
In the opinion of Arnold & Porter, special tax counsel to the Corporation, the following
paragraph, when read in conjunction with the discussion under "United States Taxation" in the
Offering Circular, correctly describes the principal aspects of the current United States federal
tax treatment of investors who purchase the Notes described in the Offering Circular. The
discussion does not purport to deal with all tax consequences applicable to all categories of
investors, some of which may be subject to special rules.


Recent Tax Legislation
The Taxpayer Relief Act of 1997 modified the federal income taxation of capital gains.
The maximum tax rate on capital gains received by individuals from the sale or disposition of
investments (other than collectibles) held for more than 18 months is 20 percent. If an individual
holds an investment for more than one year, but not for more than 18 months, the maximum rate
is 28 percent. Finally, the top capital gains tax rate for individuals will drop to 18 percent for
assets purchased after January 1, 2000, and held for more than five years. Investors should
consult their own tax advisors for more information or for the capital gains rate applicable to a
specific Note they own.