Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 17

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 17
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6-1 of the Exchange Act, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Subordinated Notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Subordinated Notes initially will settle in T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Subordinated Notes who wish to trade Subordinated Notes on the date of pricing or the next succeeding business day should consult their own advisors. |
| Use of Proceeds                             | We intend to use the net proceeds of the offering for general corporate purposes. See “Use of Proceeds”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Joint Bookrunning Managers                  | BofA Securities, Inc., Lloyds Securities Inc., Morgan Stanley & Co. LLC, Santander US Capital Markets LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Conflict of Interest                        | A conflict of interest (as defined by Rule 5121 of FINRA) may exist as Lloyds Securities Inc., an affiliate of LBG, may participate in the distribution of the Subordinated Notes. For further information, see “Underwriting”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Governing Law                               | The Subordinated Base Indenture (as defined herein), the Eleventh Subordinated Supplemental Indenture (as defined herein) and the Subordinated Notes are governed by, and construed in accordance with, the laws of the State of New York, except for the subordination and waiver of set-off provisions relating to the Subordinated Notes which are governed by and construed in accordance with the laws of Scotland.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

<div align='center'>S-21

Risk Factors</div>

Prospective investors should consider carefully the risk factors incorporated by reference into this prospectus supplement and as set out below as well as the other information set out elsewhere in this prospectus supplement (including any other documents incorporated by reference herein) and reach their own views prior to making any investment decision with respect to the Notes.

Set out below and incorporated by reference herein are certain risk factors which could have a material adverse effect on our business, operations, financial condition or prospects and cause our future results to be materially different from expected results. Our results could also be affected by competition and other factors. These factors should not