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Pricing Supplement Dated October 21, 2016 |
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(To Offering Circular dated December 2, 2015) |
 Benchmark Notes®
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This Pricing Supplement relates to the Debt Securities described below (the "Notes"). You should read it together with the Offering Circular dated December 2, 2015 (the "Offering Circular"), relating to the Universal Debt Facility of the Federal National Mortgage Association ("Fannie Mae"). Unless defined below, capitalized terms have the meanings we gave to them in the Offering Circular. |
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The Notes, and interest thereon, are not guaranteed by the United States and do
not constitute a debt or obligation of the United States or of any agency or
instrumentality thereof other than Fannie Mae.
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1. |
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Title: |
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1.00% Notes Due October 24, 2019 |
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2. |
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Form: |
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Fed Book-Entry Securities |
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3. |
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Specified Payment Currency |
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a. |
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Interest: |
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U.S. dollars |
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b. |
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Principal: |
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U.S. dollars |
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4. |
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Aggregate Original Principal Amount: |
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$4,000,000,000.00 |
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5. |
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Issue Date: |
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October 25, 2016 |
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6. |
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Maturity Date: |
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October 24, 2019 |
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Amount Payable on the Maturity Date: |
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100.00% of principal amount |
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7. |
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Subject to Redemption Prior to Maturity Date |
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______________
"Benchmark Notes" is a registered trademark of Fannie Mae.
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8. |
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Interest Category: |
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Fixed Rate Securities |
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a. |
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Frequency of Interest Payments: |
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semiannually |
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b. |
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Interest Payment Dates: |
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the 24th day of each April and October |
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c. |
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First Interest Payment Date: |
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April 24, 2017 |
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d. |
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Interest rate per annum: |
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1.00% |
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10. |
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Authorized Denominations (if other than minimum denominations of U.S. $1,000.00 and additional increments of U.S. $1,000.00) |
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a. |
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Minimum Denominations: |
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U.S. $2,000.00 |
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b. |
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Additional Increments: |
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U.S. $1,000.00 |
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Additional Information Relating to the Notes |
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1. |
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Identification Number(s) |
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c. |
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Common Code: |
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151293832 |
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__ No |
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X Yes Application will be made to list the Notes on the EuroMTF market of the Luxembourg
Stock Exchange. |
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3. |
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Eligibility for Stripping on the Issue Date |
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X Minimum Principal Amount: $ 400,000.00 |
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1. |
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Pricing Date: |
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October 21, 2016 |
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2. |
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Method of Distribution: |
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X Principal |
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__ Non-underwritten |
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3. |
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Dealers |
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Underwriting Commitment |
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Barclays Capital Inc. |
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$ 1,240,000,000 |
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J.P. Morgan Securities LLC |
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1,240,000,000 |
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Nomura Securities International, Inc. |
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1,240,000,000 |
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Academy Securities Inc. |
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70,000,000 |
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Guzman & Company |
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70,000,000 |
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Ramirez Co., Inc. |
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70,000,000 |
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Stern Brothers & Co. |
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70,000,000 |
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a. |
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Representative(s): |
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Barclays Capital Inc.
J.P. Morgan Securities LLC
Nomura Securities International, Inc.
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b. |
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Stabilizing Manager: |
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Barclays Capital Inc. |
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X |
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Fixed Offering Price: 99.732% of principal amount, plus accrued interest, if any, from the Settlement Date |
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__ |
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Variable Price Offering |
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5. |
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Dealer Purchase Price: 99.632% of principal amount |
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6. |
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Supplemental Plan of Distribution: |
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See Annex 1 |
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1. |
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Settlement Date: |
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October 25, 2016 |
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2. |
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Settlement Basis: |
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delivery versus payment |
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3. |
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Settlement Clearing System: |
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U.S. Federal Reserve Banks |
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ANNEX 1 |
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TO PRICING SUPPLEMENT DATED October 21, 2016 |
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RELATING TO: 1.00% Notes Due October 24, 2019 |
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SUPPLEMENTAL PLAN OF DISTRIBUTION |
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We will sell $4,000,000,000.00 principal amount of the Notes to the Dealers listed under "Offering" in this Pricing Supplement at the Dealer Purchase Price specified in this Pricing Supplement. In addition, to facilitate secondary market transactions, from time to time we may sell up to $1,000,000,000.00 principal amount of the Notes (the "Additional Notes") in connection with agreements by Fannie Mae to repurchase the Additional Notes. The Additional Notes will be held in an account at the Federal Reserve Bank of New York. It is expected that the Additional Notes will be available for sale to approved dealers through a multiple price auction process. We expect that the results of each auction will be posted as soon as possible following the completion of each auction on Bloomberg and Reuters. We may discontinue sales of Additional Notes at any time without notice. |
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This Pricing Supplement may also be used in connection with the issuance by Fannie Mae of any Additional Notes. |
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