Filed Pursuant to Rule 424(b)(3)
Registration No. 333-236458
Registration No. 333-236458-01
Pricing Supplement No. 2023-2
Pricing Supplement
(To Prospectus dated May 6, 2022)
iCap Vault 1, LLC
$500,000,000
Demand Notes
The Demand Notes
will be Fully and Unconditionally Guaranteed by
Vault Holding 1, LLC
The floating rate of interest (the “Floating Rate”) of the Variable Denomination Floating Rate Demand Notes of iCap Vault 1, LLC, marketed and sold as “Demand Notes” (the “Notes”), (including any Notes purchased with reinvested interest) will be reset on April 1, 2023 to 2.35% (effective on April 1, 2023) for the second quarter of 2023 (April 1, 2023 through June 30, 2023). The Floating Rate is based on a rate per annum equal to the Average Savings Account Rate posted by the FDIC on March 15, 2023 (0.35%) plus 2.00%.
This reset of the Floating Rate of the Notes (including the Notes purchased with reinvested interest) is also disclosed on the website of iCap Vault 1, LLC at www.icapequity.com/vault.
The Date of this Pricing Supplement is March 27, 2023