Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 2

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 2
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. The amount and price of the offered securities
will be determined at the time of the offering.

The debt securities and capital securities may be subject to the exercise of the U.K. bail-in power by the relevant U.K. resolution authority as described herein and in the applicable prospectus supplement for such debt securities or capital securities.

Investing in our securities involves risks that are described in the “Risk Factors” section of our annual and interim reports filed with the U.S. Securities and Exchange Commission or in the applicable prospectus supplement.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined that this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

This prospectus may not be used to sell securities unless it is accompanied by a prospectus supplement.

<div align='center'>The date of this prospectus is June 6, 2025.

3

table of contents</div>

| ABOUT THIS PROSPECTUS                                                                |     5 |
| USE OF PROCEEDS                                                                      |     6 |
| LLOYDS BANKING GROUP PLC                                                             |     7 |
| DESCRIPTION OF DEBT SECURITIES                                                       |     8 |
| DESCRIPTION OF CAPITAL SECURITIES                                                    |    18 |
| DESCRIPTION OF CERTAIN PROVISIONS RELATING TO DEBT SECURITIES AND CAPITAL SECURITIES |    24 |
| DESCRIPTION OF ORDINARY SHARES                                                       |    29 |
| DESCRIPTION OF AMERICAN DEPOSITARY SHARES                                            |    34 |
| PLAN OF DISTRIBUTION                                                                 |    40 |
| LEGAL OPINIONS                                                                       |    42 |
| EXPERTS                                                                              |    43 |
| ENFORCEMENT OF CIVIL LIABILITIES                                                     |    44 |
| WHERE YOU CAN FIND MORE INFORMATION                                                  |    45 |
| INCORPORATION OF DOCUMENTS BY REFERENCE                                              |    46 |
| CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS                                   |    47 |
| INFORMATION NOT REQUIRED IN THE PROSPECTUS                                           |  II-1 |
| EXHIBIT INDEX                                                                        | II-10 |
| SIGNATURES                                                                           | II-13 |

<div align='center'>4

ABOUT THIS PROSPECTUS</div>

This prospectus is part of a registration statement
on Form F-3 that we filed with the U.S. Securities and Exchange Commission (the “SEC”) using a “shelf” registration
or continuous