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Key Program Features: Discount Notes

$1,000 minimum, in increments of $1,000
One year or less
Offering time frame
Continually available (24 hours) on days in which Freddie Mac is normally open for business, i.e., excluding Saturdays and Sundays and holidays observed by U.S. financial markets
Clearing and Settlement
Fed Book-Entry System
At par on maturity date, which must be a business day in the U.S. markets
Domestic discount note program
Governing Law
New York


* Freddie Mac has not requested that all of its debt be rated, but all debt which has been rated has received S&P’s and Moodys’ top ratings.

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