Amherst Securities LP
Amherst Securities Group Underwrites New Issue Deal for FNMA
10-Year; Non-Call 1-Year
Pricing Date

February 28, 2008

Settlement Date March 12, 2008
Structure 10-year; non-call 1-year
First Call Date

March 12, 2009 and quarterly thereafter

Maturity Date March 12, 2018
Payment Dates

Every September 12th and March 12th beginning September 2008

First Coupon 5.10%
Coupon Structure Fixed
Size $20 million
Issuer Federal National Mortgage Association
CUSIP 3136F9BR3
Currency USD