Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 5

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 5
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 use this prospectus supplement and the accompanying prospectus in a market-making transaction in the Additional Tier 1
Securities after their initial sale. In connection with any use of this prospectus supplement and the accompanying prospectus by Lloyds
Securities Inc. or another of our affiliates, unless we or our agent informs you otherwise in your confirmation of sale, you may assume
this prospectus supplement and the accompanying prospectus is being used in a market-making transaction.

The Additional Tier 1 Securities will be issued
in fully registered form in denominations of $200,000 and in integral multiples of $1,000 thereafter. We expect that the Additional Tier
1 Securities will be ready for delivery through the book-entry facilities of The Depository Trust Company (“DTC”) and
its participants including Clearstream Banking, S.A. (“Clearstream, Luxembourg”) and Euroclear Bank SA/NV
(“Euroclear”) on or about November 3, 2025.

<div align='center'>Joint Bookrunners and Joint Lead Managers</div>

| BofA Securities | Citigroup           | Lloyds Securities |
| Morgan Stanley  | RBC Capital Markets | Santander         |

<div align='center'>Prospectus Supplement dated October 27, 2025</div>

<div align='center'>table of contents

Prospectus Supplement</div>

Page

| About This Prospectus Supplement                | S-2   |
| Incorporation of Information by Reference       | S-2   |
| Forward-Looking Statements                      | S-3   |
| Important Information                           | S-3   |
| Prohibition of Sales to EEA Retail Investors    | S-5   |
| PROHIBITION OF SALES TO U.K. RETAIL INVESTORS   | S-5   |
| NOTICE TO CANADIAN INVESTORS                    | S-6   |
| Summary                                         | S-8   |
| Risk Factors                                    | S-26  |
| Use of Proceeds                                 | S-55  |
| Capitalization of the Group                     | S-56  |
| Description of the Additional Tier 1 Securities | S-57  |
| Certain U.K. and U.S. Federal Tax Consequences  | S-96  |
| Underwriting (CONFLICTS OF INTEREST)            | S-101 |
| Legal Opinions                                  | S-107 |
| Experts                                         | S-108 |

<div align='center'>Prospectus</