Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 93

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 93
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,000 |     | $                          |   2,500,000 |
| Total                             |     | $                       | 1,250,000,000 |     | $                          | 500,000,000 |

| Underwriters for the Subordinated Notes |     | Principal Amount of Subordinated Notes |     |   |               |
|:----------------------------------------|:----|:---------------------------------------|:----|:--|--------------:|
| BofA Securities, Inc.                   |     |                                        |     | $ |   150,000,000 |
| Lloyds Securities Inc.                  |     |                                        |     | $ |   487,500,000 |
| Morgan Stanley & Co. LLC                |     |                                        |     | $ |   150,000,000 |
| Santander US Capital Markets LLC        |     |                                        |     | $ |   150,000,000 |
| TD Securities (USA) LLC                 |     |                                        |     | $ |   150,000,000 |
| Wells Fargo Securities, LLC             |     |                                        |     | $ |   150,000,000 |
| Academy Securities, Inc.                |     |                                        |     | $ |     6,250,000 |
| R. Seelaus & Co., LLC                   |     |                                        |     | $ |     6,250,000 |
| Total                                   |     |                                        |     | $ | 1,250,000,000 |

The Underwriters propose to offer the Notes directly
to the public at the initial public offering prices set forth on the cover page of this prospectus supplement. The underwriting agreement
and the pricing agreement provides that the obligations of the Underwriters are subject to certain conditions precedent and that the Underwriters
have undertaken to purchase all of the Notes offered by this prospectus supplement if any are purchased. The offering of the Notes by
the Underwriters is subject to receipt and acceptance and the Underwriters have the right to reject any order in whole or in part.

Conflicts of Interest

Lloyds Securities Inc., one of the Underwriters
is an affiliate of the Issuer. Any distribution of the Notes offered hereby will be made in compliance with applicable provisions of Rule
5121 of the Financial Industry Regulatory Authority, Inc. (“FINRA”), which requires that, among other things, Lloyds Securities
Inc. will not participate in the distribution of an offering of Notes unless the