...DESCRIPTION OF THE NOTES Principal Amount: $75,000,000 Closing Date: April 30, 2015 Maturity Date: April 30, 2018 Interest Rate: 0.50% per annum to but excluding October 30, 2015; 0.75% per annum from and including October 30, 2015 to but excluding April 30, 2016; 1.25% per annum from and including April 30, 2016 to but excluding October 30, 2016; 2.00% per annum from and including October 30, 2016 to but excluding April 30, 2018; Payment of Interest: Semi-annually, in arrears, on each April 30 and October 30, beginning October 30, 2015. If the Notes are redeemed before the Maturity Date, accrued interest will be paid upon redemption. Payment of Principal: At maturity or upon redemption Optional Redemption: The Notes are redeemable semi-annually at the option of Farmer Mac on October 30, 2015, April 30, 2016 and October 30, 2016, at 100% of the principal amount of the Notes plus any accrued interest. In the case of a partial redemption, Farmer Mac will redeem a pro rata portion of each...
