Freddie Mac priced a new offering of structured pass-through certificates (K certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $1.1 billion in K certificates (K-131 certificates), which are expected to settle on or about September 17, 2021. The K-131 certificates are backed by corresponding classes issued by the FREMF 2021-K131 Mortgage Trust (K131 Trust) and guaranteed by Freddie Mac. The K131 Trust will also issue certificates consisting of Class X2-A, Class X2-B, Class D and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-131 certificates.