Freddie Mac Prices Multifamily Floating Rate K-Deal, K-F12

MCLEAN, VA--(Marketwired - Nov 20, 2015) - Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), backed by floating-rate multifamily mortgages with predominantly seven-year terms. The approximately $1.2 billion in K Certificates (K-F12 Certificates) are expected to settle on or about December 8, 2015.

K-F12 Pricing

Class

Principal/Notional Amount (mm)

Weighted Average Life (Years)

Discounted Margin

Coupon

Yield

Dollar Price

A

$1,249.232

6.29

70

1 mo LIBOR +70

0.9017%

100.00

X

$1,399.037

6.29

Non-Offered

Details

• Co-Lead Managers and Joint Bookrunners: Barclays Capital Inc. and Morgan Stanley & Co. LLC
• Co-Managers: Goldman, Sachs and Co., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Samuel A. Ramirez & Company, Inc.

Related Links

• The K-F12 preliminary offering circular supplement: http://www.freddiemac.com/mbs/data/kf12oc.pdf
• Freddie Mac Multifamily Investor Presentation
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages

The K-F12 Certificates will not be rated, and include one senior principal and interest class and one senior interest only class. The K-F12 Certificates are backed by corresponding classes issued by the FREMF 2015-KF12 Mortgage Trust (K-F12 Trust) and guaranteed by Freddie Mac. The K-F12 Trust will also issue certificates consisting of the Class B, C and R Certificates, which will be subordinate to the classes backing the K-F12 Certificates. The K-F12 Trust Class B, C and R Certificates will not be guaranteed by Freddie Mac.