Company: LLOBF
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0000950103-25-013799
Chunk: 71

Company: Lloyds Banking Group plc
Filing Date: 2025-10-29
Form: 424B2
Chunk 71
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 purchase all of the Senior Notes offered by this prospectus supplement if any are purchased.
The offering of the Senior 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 Senior 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 Senior Notes unless the Senior Notes are investment grade rated
(within the meaning of Rule 5121) or are Senior Notes in the same series that have equal rights and obligations as investment grade rated
securities or unless another exemption provided by Rule 5121 is applicable.

To the extent any underwriter that is not a U.S.-registered
broker-dealer intends to effect sales of the Senior Notes in the United States, it will do so through one or more U.S.-registered broker-dealers
in accordance with the applicable U.S. securities laws and regulations.

Matters Relating to the Initial Offering and Market-Making Resales

We intend to apply for the listing of each series
of Senior Notes on the New York Stock Exchange. Each series of Senior Notes is a new issue of securities with no established trading market.
We have been advised by the Underwriters that the Underwriters intend to make a market in the Senior Notes, but they are not obligated
to do so and may discontinue market-making at any time without notice. No assurance can be given as to the liquidity of the trading market
for the Senior Notes.

In this prospectus supplement, the term “the
offering” means the initial offering of the Senior Notes made in connection with their original issuance and not any subsequent
resales of Senior Notes in market-making transactions.

The Senior Notes will settle through the facilities
of the DTC and its participants (including Euroclear and Clearstream Luxembourg). The CUSIP number for the 2031 Fixed Rate Notes is 53944Y
BD4, the ISIN is US53944YBD40 and the Common Code is 322330189. The CUSIP number for the 2036 Fixed Rate Notes is 53944Y BE2, the ISIN
is US53944YBE23 and the