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

5-Year Step; 6 Month Call
Pricing Date August 17, 2009
Settlement Date September 10, 2009
Structure

5 Year Step; 6 Month Call

First Call Date March 10, 2010; Quarterly Calls
Maturity Date September 10, 2014
Payment Dates Every March 10th and September 10th beginning March 2010
First Coupon 2.25%
Coupon Structure Annual steps; 2.25%; 2.75%; 3.5%; 4.5%; 5.5%
Size $25 million
Issuer Federal National Mortgage Association
CUSIP 3136FH7E9
Currency USD