Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 0

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 0
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Filed pursuant to Rule 424(b)(2)
Registration No. 333-287829

PROSPECTUS SUPPLEMENT
(to prospectus dated June 6, 2025)

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

$1,250,000,000 4.818% Senior Callable Fixed-to-Fixed Rate Notes due 2029

$500,000,000 Senior Callable Floating Rate
Notes due 2029

$1,250,000,000 6.068% Fixed Rate Reset Dated
Subordinated Tier 2 Notes due 2036</div>

The 4.818% senior callable fixed-to-fixed rate
notes due 2029 (the “Senior Fixed Rate Notes”) will mature on June 13, 2029. The Senior Fixed Rate Notes will bear interest
from, and including, June 13, 2025 to, but excluding, June 13, 2028 (the “Senior Fixed Rate Notes Reset Date”) at a fixed
annual rate of 4.818%, payable semi-annually in arrears, on June 13 and December 13 of each year, commencing on December 13, 2025. From,
and including, the Senior Fixed Rate Notes Reset Date, the Senior Fixed Rate Notes will bear interest at a fixed annual rate equal to
the Senior Fixed Rate Notes U.S. Treasury Rate (as defined herein) as determined by the Calculation Agent (as defined herein) on the Senior
Fixed Rate Notes Reset Determination Date (as defined herein), plus 0.830%, payable semi-annually in arrears, on December 13, 2028 and
June 13, 2029. 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 Fixed Rate Notes on June 13, 2028 at a redemption price equal to 100% of the principal amount
of the Senior Fixed Rate Notes being redeemed plus accrued and unpaid interest thereon, if any, to, but excluding, June 13, 2028.

The senior callable floating rate notes due 2029
(the “Senior Floating Rate Notes”, and, together with the Senior Fixed Rate Notes, the “Senior Notes”) will