Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 41

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 41
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 Reset Date
will be the immediately preceding business day.

Interest will be paid to holders of record of
the Senior Floating Rate Notes in respect of the principal amount thereof outstanding 15 calendar days preceding the relevant Senior Floating
Rate Notes interest payment date, whether or not a business day. If the scheduled maturity date or date of redemption or repayment is
not a business day, we may pay interest and principal on the next succeeding business day, but interest on that payment will not accrue
during the period from and after the scheduled maturity date or date of redemption or repayment.

<div align='center'>S-36</div>

The first interest period will begin on and
include June , 2025 and will end on and exclude September , 2025. Thereafter, the interest
periods will be the periods from and including a Senior Floating Rate Notes interest payment date to but excluding the immediately succeeding
Senior Floating Rate Notes interest payment date (together with the initial interest period, each a “Senior Floating Rate Notes
Interest Period”). However, the final Senior Floating Rate Notes Interest Period will be the period from and including the Senior
Floating Rate Notes interest payment date immediately preceding the maturity date to but excluding the maturity date. The Senior Floating
Rate Notes interest determination date (“Senior Floating Rate Notes Interest Determination Date”) for each Senior Floating
Rate Interest Period will be on the fifth U.S. Government Securities Business Day (as defined below) preceding the applicable Senior Floating
Rate Notes interest payment date. If a tax redemption or Loss Absorption Disqualification Event redemption (see “Description of the Senior Notes—Tax Redemption” and “Description of the Senior Notes—Loss Absorption Disqualification Event Redemption” in this prospectus supplement) occurs, the Senior Floating Rate Notes Interest Determination Date will be
on the fifth U.S. Government Securities Business Day preceding such tax redemption or Loss Absorption Disqualification Event redemption
date, as applicable. “U.S. Government Securities Business Day” means any day except for a Saturday, Sunday or a day on which
the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the
entire day for purposes of trading in U.S. government securities.

Calculation of Senior Floating Rate Notes Interest Rate

The Calculation Agent for the Senior Floating
Rate Notes is The Bank of New York Mellon, London Branch or its successor appointed by LBG. The Calculation Agent will determine the Senior
Floating Rate Notes Interest Rate for each Senior Floating Rate Notes Interest Period by reference