| Pricing Supplement Dated January 03, 2013 |
| (To Offering Circular dated May 09, 2012) |
Universal Debt Facility
| This Pricing Supplement relates to the Debt Securities
described below (the "Bonds"). You should read it together with the Offering
Circular dated May 09, 2012 (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. |
| The Bonds, 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. |
| 1. |
|
Title: |
|
Step Rate Bonds Due January 24, 2033 |
| 2. |
|
Form: |
|
Fed Book-Entry Securities |
| 3. |
|
Specified Payment Currency |
|
|
|
a. |
|
Interest: |
|
U.S. dollars |
|
b. |
|
Principal: |
|
U.S. dollars |
| 4. |
|
Aggregate Original Principal Amount: |
|
$50,000,000.00 |
| 5. |
|
Issue Date: |
|
January 24, 2013 |
| 6. |
|
Maturity Date: |
|
January 24, 2033 |
|
Amount Payable on the Maturity Date: |
|
100.00% of principal amount |
| 7. |
|
Subject to Redemption Prior to Maturity Date |
|
|
|
X |
|
Yes; in whole or in part, at our option, on the following
dates at a redemption price of 100% of the principal amount redeemed, plus
accrued interest thereon to the date of redemption. |
|
| January 24, 2014 |
|
April 24, 2014 |
|
July 24, 2014 |
|
October 24, 2014 |
| January 24, 2015 |
|
April 24, 2015 |
|
July 24, 2015 |
|
October 24, 2015 |
| January 24, 2016 |
|
April 24, 2016 |
|
July 24, 2016 |
|
October 24, 2016 |
| January 24, 2017 |
|
April 24, 2017 |
|
July 24, 2017 |
|
October 24, 2017 |
| January 24, 2018 |
|
April 24, 2018 |
|
July 24, 2018 |
|
October 24, 2018 |
| January 24, 2019 |
|
April 24, 2019 |
|
July 24, 2019 |
|
October 24, 2019 |
| January 24, 2020 |
|
April 24, 2020 |
|
July 24, 2020 |
|
October 24, 2020 |
| January 24, 2021 |
|
April 24, 2021 |
|
July 24, 2021 |
|
October 24, 2021 |
| January 24, 2022 |
|
April 24, 2022 |
|
July 24, 2022 |
|
October 24, 2022 |
| January 24, 2023 |
|
April 24, 2023 |
|
July 24, 2023 |
|
October 24, 2023 |
| January 24, 2024 |
|
April 24, 2024 |
|
July 24, 2024 |
|
October 24, 2024 |
| January 24, 2025 |
|
April 24, 2025 |
|
July 24, 2025 |
|
October 24, 2025 |
| January 24, 2026 |
|
April 24, 2026 |
|
July 24, 2026 |
|
October 24, 2026 |
| January 24, 2027 |
|
April 24, 2027 |
|
July 24, 2027 |
|
October 24, 2027 |
| January 24, 2028 |
|
April 24, 2028 |
|
July 24, 2028 |
|
October 24, 2028 |
| January 24, 2029 |
|
April 24, 2029 |
|
July 24, 2029 |
|
October 24, 2029 |
| January 24, 2030 |
|
April 24, 2030 |
|
July 24, 2030 |
|
October 24, 2030 |
| January 24, 2031 |
|
April 24, 2031 |
|
July 24, 2031 |
|
October 24, 2031 |
| January 24, 2032 |
|
April 24, 2032 |
|
July 24, 2032 |
|
October 24, 2032 |
|
| 8. |
|
Interest Category: |
|
Step Rate Securities |
|
a. |
|
Frequency of Interest Payments: |
|
semiannually |
|
b. |
|
Interest Payment Dates: |
|
the 24th day of each January and July |
|
c. |
|
First Interest Payment Date: |
|
July 24, 2013 |
|
d |
|
The interest rate on the outstanding principal amount will
be as follows: |
| from and including |
|
to but excluding |
|
interest rate per annum |
|
January 24, 2013 |
|
January 24, 2017 |
|
2.50% |
|
January 24, 2017 |
|
January 24, 2021 |
|
3.00% |
|
January 24, 2021 |
|
January 24, 2025 |
|
3.50% |
|
January 24, 2025 |
|
January 24, 2029 |
|
4.00% |
|
January 24, 2029 |
|
January 24, 2033 |
|
6.00% |
| Additional Information Relating to the Bonds |
| 1. |
|
Identification Number(s) |
| 3. |
|
Eligibility for Stripping on the Issue Date |
|
___ Minimum Principal Amount: _____________ |
| 1. |
|
Pricing Date: |
|
January 03, 2013 |
| 2. |
|
Method of Distribution: |
|
X Principal |
|
__ Non-underwritten |
| 3. |
|
The following dealers have agreed, jointly and severally,
to purchase all of the Bonds: |
| Mesirow Financial |
| Stifel Nicolaus & Company, Incorporated |
|
a. |
|
Representative(s): |
|
Mesirow Financial |
|
b. |
|
Stabilizing Manager: |
|
Mesirow Financial |
|
X |
|
Fixed Offering Price: 100.00% of principal amount,
plus accrued interest, if any, from the Settlement Date |
|
__ |
|
Variable Price Offering |
| 5. |
|
Dealer Purchase Price: 99.365% of principal amount |
| 6. |
|
Proceeds to Fannie Mae: |
|
$49,682,500.00 |
| 1. |
|
Settlement Date: |
|
January 24, 2013 |
| 2. |
|
Settlement Basis: |
|
delivery versus payment |
| 3. |
|
Settlement Clearing System: |
|
U.S. Federal Reserve Banks |
|