Freddie Mac Prices $1 Billion Multifamily K-Deal, K-057

MCLEAN, VA--(Marketwired - Sep 19, 2016) - Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1 billion in K Certificates (K-057 Certificates), which are expected to settle on or about September 28, 2016.

K-057 Pricing

Class		Principal/Notional Amount (mm)		Weighted Average Life (Years)		Spread (bps)		Coupon		Yield		Dollar Price
A-1		$119.521		6.34		S + 54		2.2060%		1.8531%		$101.9948
A-2		$865.000		9.63		S + 70		2.5700%		2.2153%		$102.9922
A-M		$55.956		9.83		S + 75		2.6240%		2.2749%		$102.9926
X1		$984.521		8.92		T + 235		1.1935%		3.9784%		$9.2072
XAM		$55.956		9.58		Not Offered
X3*		$84.690		9.66		T + 590		2.0993%		7.5759%		$14.5117

*50% of the Class X3 notional size