Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 95

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 95
---
against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

It is expected that delivery of the Notes will
be made against payment on or about the date specified in the last paragraph of the cover page of this prospectus supplement, which will
be the third business day following the date of pricing of the Notes (such settlement cycle being referred to as “T+3”). Under
Rule 15c6-1 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 the Notes on the date of pricing or the next succeeding
business day will be required, by virtue of the fact that the 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 the Notes who wish to trade the Notes on the date of pricing
or the next succeeding business day should consult their own advisors.

Market-Making Resales by Affiliates

This prospectus supplement may be used by Lloyds
Securities Inc. in connection with offers and sales of the Notes in market-making transactions. In a market-making transaction, Lloyds
Securities Inc. may resell a Note it acquires from other holders, after the original offering and sale of the Notes. Resales of this kind
may occur in the open market or may be privately negotiated, at prevailing market prices at the time of resale or at related or negotiated
prices. In these transactions, Lloyds Securities Inc. may act as principal, or agent, including as agent for the counterparty in a transaction
in which Lloyds Securities Inc. acts as principal, or as agent for both counterparties in a transaction in which Lloyds Securities Inc.
does not act as principal. Lloyds Securities Inc. may receive compensation in the form of discounts and commissions, including from both
counterparties in some cases. Other affiliates of the Issuer may also engage in transaction of this kind and may use this prospectus for
this purpose.

The aggregate initial offering price specified
on the cover of this prospectus supplement relates to the initial offering of the Notes described in this prospectus supplement. This
amount does not include Notes sold in market-making transactions. The latter include Notes to be issued after the date of this prospectus,
as well as Notes previously issued.

We do not expect to receive