Amherst Securities LP
Amherst Securities Group Underwrites New Issue Deal for FNMA
15-Year; non-call 6-month
Pricing Date

May 17, 2007

Settlement Date June 6, 2007
Structure 15-year; non-call 6-month
First Call Date

December 6, 2007 and semi-annually thereafter

Maturity Date June 6, 2022
Payment Dates

Every June 6th and December 6th beginning December 2007

First Coupon 6.00%
Coupon Structure 6.00% to May 2015; 6.5% to May 2019; 7% thereafter
Size $15 million
Issuer Federal National Mortgage Association
CUSIP 3136F8MX0
Currency USD