Amherst Securities LP

Amherst Securities Group Underwrites New Issue Deal for FNMA


15 Year Canary Step; 6 Month Call
Pricing Date October 27, 2009
Settlement Date November 25, 2009
Structure

15 Year Canary Step; 6 Month Call

First Call Date May 25, 2010; Quarterly Calls till 11/2014
Maturity Date November 25, 2024
Payment Dates Every May 25th and November 25th beginning May 2010
First Coupon 4.25%
Coupon Structure

4.25% to November 2014; 6.25% Thereafter

Size $10 million
Issuer Federal National Mortgage Association
CUSIP 3136FJPV7
Currency USD