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

March 24, 2008

Settlement Date April 9, 2008
Structure 10-year; non-call 3-month
First Call Date

July 9, 2008 and quarterly thereafter

Maturity Date April 9, 2018
Payment Dates

Every October 9th and April 9th beginning October 2008

First Coupon 4.50%
Coupon Structure 4.50% to April 2011; 5.25% to April 2015; 6.0% thereafter
Size $15 million
Issuer Federal National Mortgage Association
CUSIP

3136F9EB5

Currency USD