Amherst Securities LP

Amherst Securities Group Underwrites New Issue Deal for FNMA


15 Year Step; 6 Month Call
Pricing Date November 17, 2009
Settlement Date December 10, 2009
Structure

15 Year Step; 6 Month Call

First Call Date June 10, 2010; Quarterly Calls
Maturity Date December 10, 2024
Payment Dates Every June 10th and December 10th beginning June 2010
First Coupon 4.0%
Coupon Structure

4.0% to December 2012; 4.25% to December 2015; 5% to December 2018; 6.25% thereafter

Size $10 million
Issuer Federal National Mortgage Association
CUSIP 3133FJTZ4
Currency USD