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Form 424B3 1st FRANKLIN FINANCIAL

February 1, 2023 5:07 PM EST




Filed Pursuant to Rule 424(b)(3)

SEC File #333-237642

 

 

 

 

 

1st FRANKLIN FINANCIAL CORPORATION

 

 

 

 

 

VARIABLE RATE

SUBORDINATED DEBENTURES

 

 

 

 

 

PERIODS OF FEBRUARY 2, 2023 THRU FEBRUARY 8, 2023

AND

FEBRAURY 9, 2023 THRU FEBRUARY 15 2023

 

 

 

 

 

 

 

 

 

 

                                      Period of February 2, 2023 Thru February 8, 2023

 


Effective

Yield (a)


Interest

Rate (b)

Interest

Adjustment

Period (c)

Minimum

Investment

Amount

 

 

 

 

 

 

1.77

1.75

1 Month

$500.00

 

1.77

1.75

3 Months

$500.00

 

3.30

3.25

6 Months

$500.00

 

3.82

3.75

1 Year

$500.00

 

4.08

4.00

2 Years

$500.00

 

4.34

4.25

4 Years

$500.00

 

 

 

 

 

Period of February 9, 2023 Thru February 15, 2023

 


Effective

Yield (a)


Interest

Rate (b)

Interest

Adjustment

Period (c)

Minimum

Investment

Amount

 

 

 

 

 

 

1.77

1.75

1 Month

$500.00

 

1.77

1.75

3 Months

$500.00

 

3.30

3.25

6 Months

$500.00

 

3.82

3.75

1 Year

$500.00

 

4.08

4.00

2 Years

$500.00

 

4.34

4.25

4 Years

$500.00

 

 

 

 

 

(a)

Compounded daily based on 365/366 year.

(b)

Interest is earned daily, and will be paid promptly upon a holder’s request, otherwise principal and interest are payable at maturity.

(c)

At the end of this period, the interest rate will be adjusted.  Debentures mature four years from their date of issue, subject to earlier redemption as provided for therein.  Redemption at any other time is at the discretion of the Company and is subject to an interest penalty.  Absent redemption by the holder at maturity, the term of the Debenture will be extended for one four-year period, subject to the same redemption rights.

 

 

 

 

 

This is not an offer to sell, or the solicitation of an offer to purchase these securities.  Any offer or sale will be made only by a prospectus, which is available by visiting us at 135 East Tugalo Street, Toccoa, Georgia, by writing us at P.O. Box 880, Toccoa, Georgia 30577 or by calling us at (706) 886-7571 or (800) 282-0709 (toll-free).

 

 

 

 

 

1st Franklin Financial Corporation (“1FFC”) is not a bank.  All investments offered by 1FFC are not bank deposits or obligations, are not insured by the FDIC or any other Federal or State governmental agency and are not guaranteed by a depository institution.  All investment products are subject to loss.  Please see the Terms & Conditions of your Investment with us and our periodic filings with the Securities and Exchange Commission for further information.

 

 

 

 

 

 

 

 

 

 

Prospectus Supplement Dated February 2, 2023

 






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