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

10-Year Fixed; 1 Year Call
Pricing Date August 20, 2009
Settlement Date September 10, 2009
Structure

10 Year Fixed; 1 Year Call

First Call Date September 10, 2010; Quarterly Calls
Maturity Date September 10, 2019
Payment Dates Every March 10th and September 10th beginning March 2010
First Coupon 4.5%
Coupon Structure Fixed
Size $25 million
Issuer Federal National Mortgage Association
CUSIP 3136FJAV3
Currency USD