0000038723-22-000122.txt : 20221201 0000038723-22-000122.hdr.sgml : 20221201 20221201082626 ACCESSION NUMBER: 0000038723-22-000122 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221201 DATE AS OF CHANGE: 20221201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 1st FRANKLIN FINANCIAL CORP CENTRAL INDEX KEY: 0000038723 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 580521233 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-237642 FILM NUMBER: 221437448 BUSINESS ADDRESS: STREET 1: 135 E TUGALO ST STREET 2: P O BOX 880 CITY: TOCCOA STATE: GA ZIP: 30577 BUSINESS PHONE: 7068867571 MAIL ADDRESS: STREET 1: 135 EAST TUGALO STREET STREET 2: PO BOX 880 CITY: TOCCOA STATE: GA ZIP: 30577 FORMER COMPANY: FORMER CONFORMED NAME: FIRST FRANKLIN FINANCIAL CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN DISCOUNT CO DATE OF NAME CHANGE: 19840115 424B3 1 prospectus-supplement-deb.htm VARIABLE RATE SUBORDINATED DEBENTURE PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3)

Filed Pursuant to Rule 424(b)(3) SEC File #333-237642

1st FRANKLIN FINANCIAL CORPORATION VARIABLE RATE

SUBORDINATED DEBENTURES


PERIODS OF DECEMBER 1, 2022 THRU DECEMBER 7, 2022 AND

DECEMBER 8, 2022 THRU DECEMBER 14, 2022



Period of December 1, 2022 Thru December 7, 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

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 December 8, 2022 Thru December 14, 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

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 December 1, 2022