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

10-Year Step; 6 Month Call
Pricing Date August 12, 2009
Settlement Date August 26, 2009
Structure

10 Year Step; 6 Month Call

First Call Date February 26, 2010; Quarterly Calls
Maturity Date August 26, 2019
Payment Dates Every February 26th and August 26th beginning February 2010
First Coupon 4.3%
Coupon Structure Steps every 2 years; 4.3%; 4.5%; 5%; 5.5%; 7%
Size $15 million
Issuer Federal National Mortgage Association
CUSIP 3136FH6N0
Currency USD