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Freddie Mac Multifamily Prices Ninth Securities Offering This Year, K-F04

MCLEAN, VA -- (Marketwired) -- 08/06/14 -- Freddie Mac (OTCQB: FMCC) today priced a new offering of Structured Pass-Through Certificates ("K Certificates"), backed exclusively by LIBOR-based, floating rate multifamily mortgages with five- and seven-year terms. The approximately $1.2 billion in K Certificates ("K-F04 Certificates") are expected to settle on or about August 25, 2014. This is Freddie Mac's ninth K Certificate offering this year. The company also recently reached an important milestone of securitizing more than $80 billion in multifamily mortgages through its K-Deal program.

K-F04 Pricing

        Principal/Notional   Life   Discounted
 Class     Amount (mm)     (Years)    Margin         Coupon     Dollar Price
   A        $1,227.377       6.04       31      1 mo LIBOR + 31    100.00
   X        $1,363.752       6.04                 Non-Offered


  • Co-Lead Managers and Joint Bookrunners: J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
  • Co-Managers: Barclays Capital Inc., CastleOak Securities, L.P., Jefferies LLC and Wells Fargo Securities, LLC

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The K-F04 Certificates are not rated and include one senior principal and interest class and one interest only class. The K-F04 Certificates are backed by corresponding classes from the FREMF 2014-KF04 Mortgage Trust ("K-F04 Trust"). The K-F04 Trust will also issue class B, C and R certificates, which will be subordinate to the classes backing the K-F04 Certificates and will not be guaranteed by Freddie Mac.

Freddie Mac is a leading issuer of agency-guaranteed structured multifamily securities. K Certificates feature a wide range of investor options with stable cash flows and a structured credit enhancement. K-Deals typically include guaranteed senior principal and interest, and interest only classes.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission ("SEC") on February 27, 2014; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 ("Exchange Act") since December 31, 2013, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information "furnished" to the SEC on Form 8-K.

Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Annual Report on Form 10-K for the year ended December 31, 2013, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's Web site at www.sec.gov.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.

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