Filed Pursuant to Rule 424(b)(3)
SEC File #333-237642
1st FRANKLIN FINANCIAL CORPORATION
VARIABLE RATE
SUBORDINATED DEBENTURES
PERIODS OF JUNE 9, 2022 THRU JUNE 15, 2022
AND
JUNE 16, 2022 THRU JUNE 22, 2022
Period of June 9, 2022 Thru June 15, 2022
Interest
Minimum
Effective
Interest
Adjustment
Investment
Yield (a)
Rate (b)
Period (c)
Amount
1.77
1.75
1 Month
$500.00
1.77
1.75
3 Months
$500.00
2.28
2.25
6 Months
$500.00
2.79
2.75
1 Year
$500.00
3.30
3.25
2 Years
$500.00
3.56
3.50
4 Years
$500.00
Period of June 16, 2022 Thru June 22, 2022
Interest
Minimum
Effective
Interest
Adjustment
Investment
Yield (a)
Rate (b)
Period (c)
Amount
1.77
1.75
1 Month
$500.00
1.77
1.75
3 Months
$500.00
2.28
2.25
6 Months
$500.00
2.79
2.75
1 Year
$500.00
3.30
3.25
2 Years
$500.00
3.56
3.50
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).
We are not a bank, and investments are not bank deposits or obligations and are not insured by
the FDIC, SIPC or any other federal or state agency. Investors must rely on the Company’s
ability to pay principal and interest on the Debentures.
Prospectus Supplement Dated June 9, 2022