Are FreddieNotes securities repayable before maturity under any other circumstances?
Yes. The representative of a deceased beneficial owner has the right, but not the obligation, to exercise the Survivor’s Option and require repayment of FreddieNotes securities by Freddie Mac at par. The calendar year limit on such repayments for any one beneficial owner is $200,000. Freddie Mac reserves the right to limit the total payments made pursuant to the Survivor’s Option during any calendar year to all beneficial owners of FreddieNotes securities to the greater of (1) 1% of the outstanding aggregate principal amount of FreddieNotes securities as of December 31 of the previous year or (2) $1 million.
