Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 0

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 0
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Filed pursuant to Rule 424(b)(2)
Registration No. 333-265452

PROSPECTUS SUPPLEMENT
(to prospectus dated June 7, 2022)

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

£750,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities

(Callable June 27, 2030 and every five years thereafter)</div>

The £750,000,000 fixed rate reset additional tier 1 perpetual subordinated contingent convertible securities (callable June 27, 2030 and every five years thereafter) (the “ Additional Tier 1 Securities”) are perpetual securities with no maturity date. From and including February 27, 2025 (the “ Issue Date”) to but excluding June 27, 2030 (the “ First Reset Date”), interest will accrue on the Additional Tier 1 Securities at an initial rate equal to 7.500% per annum. The First Reset Date and every fifth anniversary thereafter shall be a “ Reset Date”. From and including each Reset Date to but excluding the next succeeding Reset Date, interest will accrue on the Additional Tier 1 Securities at a rate per annum calculated by the Calculation Agent on the relevant Reset Determination Date as being equal to the sum of the applicable Reset Reference Rate in respect of the relevant Reset Period (expressed as a rate per annum) and 3.436%, such sum being converted to a quarterly rate in accordance with market convention (rounded to three decimal places, with 0.0005 rounded down). Subject to the conditions as described further below, we will pay interest, if any, quarterly in arrear on March 27, June 27, September 27 and December 27 of each year, commencing on June 27, 2025 (long first interest period) (each, an “ Interest Payment Date”). The regular record dates for the Additional Tier 1 Securities will be the close of business of the relevant Clearing System on the Clearing System Business Day (as defined herein) immediately preceding each Interest Payment Date (or, if the Additional Tier 1 Securities are held in definitive form, the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day, in each case, the “ Record Date”).

We may redeem the Additional Tier 1 Securities in whole, but not in part, at 100% of their principal amount, together with any accrued and unpaid interest on