1st Franklin Financial Corp.
03/28/2024 | Press release | Distributed by Public on 03/28/2024 05:53
Supplemental Prospectus - Form 424B3
Filed Pursuant to Rule 424(b)(3)
|
Filed Pursuant to Rule 424(b)(3) |
||||
|
SEC File #333-271356 |
||||
|
1st FRANKLIN FINANCIAL CORPORATION |
||||
|
VARIABLE RATE |
||||
|
SUBORDINATED DEBENTURES |
||||
|
PERIODS MARCH 28, 2024THRU APRIL 3, 2024 |
||||
|
AND |
||||
|
April 4, 2024THRUAPRIL 10, 2024 |
||||
|
Period of March 28, 2024 Thru April 3, 2024 |
||||
|
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 |
|
|
5.13 |
5.00 |
6 Months |
$500.00 |
|
|
5.66 |
5.50 |
1 Year |
$500.00 |
|
|
5.66 |
5.50 |
2 Years |
$500.00 |
|
|
4.61 |
4.50 |
4 Years |
$500.00 |
|
|
Period of April 4, 2024 Thru April 10, 2024 |
||||
|
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 |
|
|
5.13 |
5.00 |
6 Months |
$500.00 |
|
|
5.66 |
5.50 |
1 Year |
$500.00 |
|
|
5.66 |
5.50 |
2 Years |
$500.00 |
|
|
4.61 |
4.50 |
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). |
||||
|
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 March 28, 2024 |
||||