Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 43

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 43
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 Floating Rate Notes
Interest Determination Date as follows:

with the resulting percentage being rounded,
if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards, where:

“d” for any SOFR Observation Period,
means the number of calendar days in the relevant SOFR Observation Period;

“d” for any SOFR Observation
Period, means the number of U.S. Government Securities Business Days in the relevant SOFR Observation Period;

“i” means a series of whole numbers
from one to d, each representing the relevant U.S. Government Securities Business Days in chronological order from (and including)
the first U.S. Government Securities Business Day in the relevant SOFR Observation Period;

“n” for any U.S. Government
Securities Business Day “i” in the relevant SOFR Observation Period, means the number of calendar days from (and including)
such U.S. Government Securities Business Day “i” up to (but excluding) the following U.S. Government Securities Business Day
(“i+1”); and

“SOFR” for any U.S. Government
Securities Business Day “i” in the relevant SOFR Observation Period, is equal to SOFR in respect of that day “i”.

In connection with the SOFR provisions above,
the following definitions apply:

“Bloomberg Screen SOFRRATE Page”
means the Bloomberg screen designated “SOFRRATE” or any successor page or service; “NY Federal Reserve” means
the Federal Reserve Bank of New York;

“NY Federal Reserve’s Website”
means the website of the NY Federal Reserve, currently at www.newyorkfed.org, or any successor website of the NY Federal Reserve or the
website of any successor administrator of SOFR;

“Reuters Page USDSOFR=” means the
Reuters page designated “USDSOFR=” or any successor page or service;

“SOFR” means, with respect to any
day (including any U.S. Government Securities Business Day), the rate determined by the Calculation Agent, as the case may be, in accordance
with the following provisions:

(a) the
Secured Overnight Financing Rate published at the SOFR Determination Time, as such rate is reported on the Bloomberg Screen SOFRRATE Page,
then the Secured Overnight Financing Rate published at the SOFR Determination Time, as such rate is reported on the Reuters Page USDSOFR=
or, if no such rate is reported on the Reuters Page