Company: LLOBF
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0000950103-25-013799
Chunk: 0

Company: Lloyds Banking Group plc
Filing Date: 2025-10-29
Form: 424B2
Chunk 0
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Filed pursuant to Rule 424(b)(2)
Registration No. 333-287829

PROSPECTUS SUPPLEMENT
(to prospectus dated June 6, 2025)

<div align='center'>Lloyds Banking Group plc

$1,500,000,000 4.425% Senior Callable Fixed-to-Fixed Rate Notes due 2031

$1,250,000,000 4.943% Senior Callable Fixed-to-Fixed
Rate Notes due 2036

$300,000,000 Senior Callable Floating Rate Notes due 2031</div>

The 4.425% senior callable fixed-to-fixed rate
notes due 2031 (the “2031 Fixed Rate Notes”) will mature on November 4, 2031. The 2031 Fixed Rate Notes will bear interest
from, and including, November 4, 2025 to, but excluding, November 4, 2030 (the “2031 Fixed Rate Notes Reset Date”) at a fixed
annual rate of 4.425%, payable semi-annually in arrear, on May 4 and November 4 of each year, commencing on May 4, 2026. From, and including,
the 2031 Fixed Rate Notes Reset Date, the 2031 Fixed Rate Notes will bear interest at a fixed annual rate equal to the applicable U.S.
Treasury Rate (as defined herein) as determined by the Calculation Agent (as defined herein) on the 2031 Fixed Rate Notes Reset Determination
Date (as defined herein), plus 0.820%, payable semi-annually in arrear, on May 4, 2031 and November 4, 2031. We will have the option in
our sole discretion (but subject to, if and to the extent then required by the Relevant Regulator or the Loss Absorption Regulations,
our giving notice to the Relevant Regulator and the Relevant Regulator granting us permission) to redeem, in whole, but not in part, the
2031 Fixed Rate Notes on November 4, 2030 at a redemption price equal to 100% of the principal amount of the 2031 Fixed Rate Notes being
redeemed plus accrued and unpaid interest thereon, if any, to, but excluding, November 4, 2030.

The 4.943% senior callable fixed-to-fixed rate
notes due 2036 (the “2036 Fixed Rate Notes”, and, together with