Municipal Bond New Issues

TENNESSEE HOUSING DEVELOPMENT AGENCY
Housing Finance Program Bonds
Issue 2010-B (Non-AMT)

We have a retail order period release. Orders until 3:00pm CT.

MOODY’S: Aa2 S&P: Not Applied For FITCH: Not Applied
For

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DATED:11/10/2010 FIRST COUPON:07/01/2011 INTEREST
ACCRUES:11/10/2010

DUE: 01/01 & 07/01

ADD’L
TAKEDOWN
MATURITY AMOUNT* COUPON PRICE ( Pts )
07/01/2011 450M 0.55% 0.55 3/8
01/01/2012 845M 0.75% 0.75 3/8
07/01/2012 855M 0.85% 0.85 3/8
01/01/2013 865M 1.10% 1.10 1/2
07/01/2013 880M 1.20% 1.20 1/2
01/01/2014 895M 1.45% 1.45 1/2
07/01/2014 910M 1.55% 1.55 1/2
01/01/2015 920M 1.90% 1.90 1/2
07/01/2015 935M 2.00% 2.00 1/2
01/01/2016 950M 2.25% 2.25 5/8
07/01/2016 970M 2.30% 2.30 5/8
01/01/2017 985M 2.55% 2.55 5/8
07/01/2017 1,005M 2.55% 2.55 5/8
01/01/2018 1,025M 2.80% 2.80 5/8
07/01/2018 1,045M 2.80% 2.80 5/8
01/01/2019 1,070M 3.05% 3.05 5/8
07/01/2019 1,090M 3.05% 3.05 5/8
01/01/2020 1,115M 3.25% 3.25 5/8
07/01/2020 1,140M 3.25% 3.25 5/8
01/01/2021 1,165M 3.50% 3.50 5/8
07/01/2021 1,195M 3.50% 3.50 5/8
01/01/2022 1,225M 3.625% 3.625 5/8
07/01/2022 1,250M 3.625% 3.625 5/8

07/01/2025 7,310M 4.00% 4.00 3/4

07/01/2028 9,905M NO RETAIL
(PAC)
(Avg. Life: 5.10 years over a range of 75.00 to 400.00% of PSA
experience)

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CALL FEATURES: Optional call in 01/01/2020 @ 100.00

—————————————
PSA Average Average First Last
Life Maty Pay Pay
0% 16.10 12/26/26 7/1/11 7/1/28
25% 11.40 4/6/22 7/1/11 1/1/28
50% 7.40 3/21/18 7/1/11 1/1/26
75% 5.10 12/13/15 7/1/11 7/1/20
100% 5.10 12/13/15 7/1/11 7/1/20
150% 5.10 12/13/15 7/1/11 7/1/20
200% 5.10 12/13/15 7/1/11 7/1/20
300% 5.10 12/13/15 7/1/11 7/1/20
400% 5.10 12/13/15 7/1/11 7/1/20
500% 4.20 1/5/15 7/1/11 7/1/18

By Lot Sinking Fund Schedule

2025 Term Bond

01/01/2023 1,285
07/01/2023 1,315
01/01/2024 1,350
07/01/2024 1,385
01/01/2025 1,425
07/01/2025 550

By Lot Sinking Fund Schedule

2028 Term Bond

07/01/2025 910
01/01/2026 1,500
07/01/2026 1,545
01/01/2027 1,590
07/01/2027 1,635
01/01/2028 1,680
07/01/2028 1,045

* - APPROXIMATE SUBJECT TO CHANGE

Order period until today 3:00 PM, Central, Tuesday, 10/26/10.
Please use Electronic Order Entry to enter orders or call (901) 531-3391

Delivery is firm for Wednesday, November 10, 2010.

This Issue is book entry. This issue is clearing through DTC.

Morgan Keegan & Co., Inc.
RBC Capital Markets
Bank of America Merrill Lynch
M.R. Beal & Company
FTN Financial Capital Markets
Citigroup Global Markets Inc
Raymond James & Associates, Inc.

By: Morgan Keegan & Co., Inc. Memphis, TN