Amherst Securities LP

Amherst Securities Group Underwrites New Issue Deal for FNMA


4 3/4 Year Step; 6 Month Call
Pricing Date March 17, 2010
Settlement Date March 30, 2010
Structure

4 3/4 Year; 6 Month Call

First Call Date September 30, 2010 ; Quarterly Calls
Maturity Date December 30, 2014
Payment Dates

Every September 30th and March 30th beginning September 2010

First Coupon 2%
Coupon Structure

2% to September 2012; 3% to September 2013; 4% to September 2014; 6% thereafter

Size $20 million
Issuer Federal National Mortgage Association
CUSIP 3136FMHR8
Currency USD