The Ohio Housing Finance Agency Residential Mortgage Revenue Bonds (Mortgage-Backed Securities Program)

We are pleased to announce that Fidelity Capital Markets has been chosen as a selling group member for the Ohio Housing Finance Agency's (OHFA's) $101 million1 bond sale.

OHFA is expected to come to market with $101 million1 in Series 2016 K Residential Mortgage Revenue Bonds. The proceeds of the bonds will be used to finance mortgage loans, which will be pooled to back mortgage-backed securities and to refund a portion of OHFA's Residential Mortgage Revenue Bonds. The bonds are limited obligations of OHFA and are payable solely out of certain revenues and assets of OHFA pledged therefor under the Trust Indenture. The bonds do not constitute a debt of the pledge of the faith and credit, of the State of Ohio or of any political subdivision thereof, and the holders or owners of the bonds have no right to have taxes levied by the General Assembly of Ohio or by the taxing authority of any political subdivision for the payment of the principal of or interest of these bonds. The bonds are not a debt of the United States of America or of any agency thereof or of Government National Mortgage Association (GNMA), Federal National Mortgage Association (Fannie Mae), or Federal Home Loan Mortgage Corporation (Freddie Mac) and are not guaranteed by the full faith and credit of the United States of America.

Traditionally, municipal bonds will be subject to optional call features, and term bonds will generally have a Mandatory Sinking Fund feature. Please review the structure on the day of the pricing before

Key benefits

The bond sale offers attractive benefits to individual investors including prices and yields that match those available to institutional investors, the potential for stable income through call dates, and, for Ohio residents, federal and state tax-exemption on the bond coupon payments. These bonds are not subject to the Alternative Minimum Tax.

How to place an order

Individual investors may place orders during the week of October 3, 2016.1 Individual investors can place orders onlineLog In Required online or by calling a Fidelity representative at 800-544-5372.

To stay up-to-date on pricing, credit rating changes, and more, please sign up for Fidelity Alerts or visit our Municipal Bond New Issue Offerings page.

Additional resources

Municipal Bonds
Review the risks and benefits of investing in municipal bonds.

Municipal Bonds: Understanding Credit Risk (PDF)
Learn more about assessing credit risks when purchasing municipal bonds in this SEC investor bulletin.

Investing in a volatile bond market
Get the latest insights on the bond market, outlook for future rates, and investment strategies from Fidelity Viewpoints®.

MSRB - Risks and opportunities of interest rate movements
Read about the impact of market interest rate movement on municipal bond prices and yields from the MSRB Education Center.