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$1,500,000,000 Freddie Mac

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The document is a Pricing Supplement dated November 8, 2004, for Freddie Mac's issuance of $1.5 billion in 3.55% Fixed Rate Debt Securities due November 15, 2007. It outlines the terms and conditions of the securities, including their redemption options, interest payment schedule, and associated risks. The securities are not guaranteed by the U.S. government and are subject to specific tax implications for non-U.S. investors.

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