Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 1

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 1
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 mature
on June 13, 2029. Interest on the Senior Floating Rate Notes will be payable quarterly in arrears, on March 13, June 13, September 13
and December 13 of each year, beginning on September 13, 2025. The interest rate payable on the Senior Floating Rate Notes will accrue
from, and including, June 13, 2025 at a floating rate equal to the sum of the SOFR Index Average, reset quarterly plus 1.060% per annum,
subject to the Minimum Rate (as defined herein). 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 Senior Floating Rate Notes on June 13, 2028 at a redemption
price equal to 100% of the principal amount of the Senior Floating Rate Notes being redeemed plus accrued and unpaid interest thereon,
if any, to, but excluding, June 13, 2028.

In addition to our option to redeem the Senior
Notes, we may (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) also redeem the Senior Notes, in whole, but not in
part, at any time at 100% of their principal amount plus accrued and unpaid interest thereon, if any, upon the occurrence of certain tax
or regulatory events described in this prospectus supplement and accompanying prospectus. See “Description of the Notes—Senior Notes— Conditions to redemption and purchase, etc.”.

The 6.068% fixed rate reset dated subordinated
Tier 2 notes due 2036 (the “Subordinated Notes,” and, together with the Senior Notes, the “Notes”) will mature
on June 13, 2036. The Subordinated Notes will bear interest from, and including, June 13, 2025 to, but excluding, June 13, 2035 (the “Subordinated
Notes Reset Date”), at a fixed rate of 6.068% per annum, payable semi-annually in arrears, on June 13 and December 13 of each year,
commencing on December 13, 2025