Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 50

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 50
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ure to be dated
as of June 13, 2025 (the “Twenty-First Senior Supplemental Indenture” and, together with the Senior Base Indenture, the “Senior
Indenture”) between us as Issuer and the Trustee, The Bank of New York Mellon, London Branch as paying agent and The Bank of New
York Mellon SA/NV, Dublin Branch, as senior debt security registrar. Book-entry interests in the Senior Notes will be issued in minimum
denominations of $200,000 and in integral multiples of $1,000 in excess thereof.

The Bank of New York Mellon, London Branch is
designated as the paying agent. We may at any time designate additional paying agents or rescind the designation of paying agents or approve
a change in the office through which any paying agent acts.

We will issue the Senior Notes in fully registered
form. Each series of Senior Notes will be represented by one or more global securities in the name of a nominee of The Depository Trust
Company (the “DTC”). You will hold beneficial interest in the Senior Notes through the DTC and its participants. The Underwriters
expect to deliver the Senior Notes through the facilities of the DTC on June 13, 2025. For a more detailed summary of the form of the
Senior Notes and settlement and clearance arrangements, you should read “Description of Certain Provisions Relating to Debt Securities and Capital Securities—Form of Debt Securities and Capital Securities; Book-Entry System” in the accompanying prospectus.
Indirect holders trading their beneficial interests in the Senior Notes through the DTC must trade in the DTC’s same-day funds settlement
system and pay in immediately available funds. Secondary market trading will occur in the ordinary way following
the applicable rules and operating procedures of Euroclear and Clearstream Luxembourg.

<div align='center'>S-42</div>

Definitive debt securities will only be issued
in limited circumstances described under “Description of Certain Provisions Relating to Debt Securities and Capital Securities—Form of Debt Securities and Capital Securities; Book-Entry System” in the accompanying prospectus.

Payment of principal of and interest on the Senior
Notes, so long as the Senior Notes are represented by global securities, will be made in immediately available funds. Beneficial interests
in the global securities will trade in the same-day funds settlement system of the DTC, and secondary market trading activity in such
interests will therefore settle in same-day funds.

A “business day