Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 176

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 176
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 presented here. Therefore, the statements we make below in this section may not apply to your debt security. You should also read the indentures and any related supplemental indentures establishing such debt securities under which we will respectively issue the debt securities, which have been filed with the SEC as exhibits to the registration statement of which this prospectus is a part.

References to “debt securities” in this prospectus, mean the senior debt securities and subordinated debt securities that may be issued by LBG. The term “debt securities” does not include the “capital securities” described under “Description of Capital Securities”.

Senior debt securities will be issued under a senior debt indenture. Subordinated debt securities will be issued under a subordinated debt indenture. The subordinated debt securities of any series will be subordinated obligations. Each indenture for debt securities issued by LBG is a contract between LBG and The Bank of New York Mellon, acting through its London Branch, which will initially act as trustee. None of the indentures limit our ability to incur additional indebtedness, including additional senior indebtedness.

General

The debt securities are not deposits and are not
insured or guaranteed by the U.S. Federal Deposit Insurance Corporation or any other government agency of the United States or the United
Kingdom.

The indentures do not limit the amount of debt
securities that we may issue. We may issue debt securities in one or more series. The relevant prospectus supplement for any particular
series of debt securities will contain, where applicable, the following terms of, and other information relating to, any of the offered
debt securities:

| · | whether they are senior debt securities or subordinated debt securities; |

| · | their title (which will distinguish the debt securities of the series from all other debt securities), authorized denomination and 
 aggregate principal amount;                                                                                                        |

| · | the price or prices at which they will be issued; |

| · | their maturity date; |

| · | the annual interest rate or rates, or how to calculate the interest rate or rates; |

| · | the date or dates from which interest, if any, will accrue or the method, if any, by which such date or dates will be determined; |

| · | whether the payment of interest can be deferred; |

| · | whether payments are conditional on our ability to make such payments and remain able to pay our debts as they fall due and that our 
 assets continue to exceed our liabilities (other than subordinated liabilities