Fannie Mae to Redeem 1.625% Notes Due 2015

The following issue is being redeemed via the company's call option:

Issuer: Fannie Mae Coupon: 1.625 percent Maturity: Nov. 9, 2015 Redemption Amount: $500 million Redemption Price: 100 percent Amount Remaining: Fully Retired Security ID: US31398A5J71 Effective Date: Nov. 9, 2011

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