Amherst Securities LP

Amherst Securities Group Underwrites New Issue Deal for FNMA


5 Year Canary; 6 Month Call
Pricing Date December 3, 2009
Settlement Date December 30, 2009
Structure

5 Year Canary; 6 Month Call

First Call Date June 30, 2010; Quarterly Calls till June 2012
Maturity Date December 30, 2014
Payment Dates Every June 30th and December 30th beginning June 2010
First Coupon 2.25%
Coupon Structure

2.25% to June 2012; 4% thereafter

Size $25 million
Issuer Federal National Mortgage Association
CUSIP 3136FJXV8
Currency USD