Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 13

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 13
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 defined herein).                              
 “Senior Fixed Rate Notes Comparable Treasury Issue” means, with respect to the Senior Fixed Rate Notes reset fixed                            
 rate period, the U.S. Treasury security or securities selected by the Issuer with a maturity date on or about the last day of the Senior      
 Fixed Rate Notes reset fixed rate period and that would be utilized, at the time of selection and in accordance with customary financial      
 practice, in pricing new issues of corporate debt securities denominated in U.S. dollars and having a maturity of one year.                   
 “Senior Fixed Rate Notes Comparable Treasury Price” means (i) the arithmetic average of the Senior Fixed Rate Notes                           
 Reference Treasury Dealer Quotations for the Senior Fixed Rate Notes Reset Date (calculated by the Calculation Agent on the Senior Fixed      
 Rate Notes Reset Determination Date preceding the Senior Fixed Rate Notes Reset Date), after excluding the highest and lowest such Senior     
 Fixed Rate Notes Reference Treasury Dealer Quotations received by the Issuer, or (ii) if fewer than five such Senior Fixed Rate Notes         
 Reference Treasury Dealer Quotations are received by the Issuer, the arithmetic average of all such quotations, or (iii) if fewer than        
 two such Senior Fixed Rate Notes Reference Treasury Dealer Quotations are received by the Issuer, then such Senior Fixed Rate Notes Reference 
 Treasury Dealer Quotation as quoted in writing to the Issuer by a Senior Fixed Rate Notes Reference Treasury Dealer.                          
 “Senior Fixed Rate Notes Reference Treasury Dealer” means each of up to five banks selected by the Issuer, or the                             
 affiliates of such banks, which are (i) primary U.S. Treasury securities dealers, and their respective successors, or (ii) market makers      
 in pricing corporate bond issues denominated in U.S. dollars.                                                                                 
 “Senior Fixed Rate Notes Reference Treasury Dealer                                                                                            
 Quotations” means, with respect to each Senior Fixed Rate Notes Reference Treasury Dealer and the Senior Fixed Rate Notes Reset               
 Date, the bid and offered prices obtained by LBG for the Senior Fixed Rate Notes Comparable Treasury Issue, expressed in each case as         
 a percentage of its principal amount, at 11:00 a.m. (New York City time), on the Senior Fixed Rate Notes Reset Determination Date.            |

<div align='center'>S-7</div>

| Senior Floating Rate Notes Interest Rate                | The Senior Floating Rate Notes Interest Rate will be equal to the sum of (A) the SOFR Index Average (as defined herein), as determined, with respect to each Senior Floating Rate Notes