Amherst Securities LP
Amherst Securities Group Underwrites New Issue Deal for FNMA
15-Year; Non-Call 3-Month
Pricing Date

February 11, 2008

Settlement Date February 28, 2008
Structure 15-year; non-call 3-month
First Call Date

May 28, 2008 and quarterly thereafter

Maturity Date February 28, 2023
Payment Dates

Every August 28th and February 28th beginning August 2008

First Coupon 4.75%
Coupon Structure 4.75% to February 2011; 5.25% to February 2014; 5.75% to February 2017; 6.25% to February 2020; 7.0% thereafter
Size $20 million
Issuer Federal National Mortgage Association
CUSIP 3136F84Q5
Currency USD