Amherst Securities LP
Amherst Securities Group Underwrites New Issue Deal for FNMA

7-Year Step; One-Time Call
Pricing Date March 25, 2009
Settlement Date April 8, 2009
Structure

7 Year Step; One-Time Call

First Call Date April 8, 2011, One Time
Maturity Date April 8, 2016
Payment Dates Every October 8th and April 8th beginning October 2009
First Coupon 2.25%
Coupon Structure 2.25% to April 2011; 4.25% thereafter
Size $25 million
Issuer Federal National Mortgage Association
CUSIP 3136FHHY4
Currency USD