Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 94

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 94
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 Notes are investment grade rated (within the meaning
of Rule 5121) or are 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.

Matters Relating to the Initial Offering and Market-Making Resales

We intend to apply for the listing of each series
of Notes on the New York Stock Exchange. Each series of 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 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 Notes.

<div align='center'>S-65</div>

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

The Notes will settle through the facilities of
the DTC and its participants (including Euroclear and Clearstream Luxembourg). The CUSIP number for the Senior Fixed Rate Notes is 539439
BD0, the ISIN is US539439BD02 and the Common Code is 309617622. The CUSIP number for the Senior Floating Rate Notes is 539439 BC2, the
ISIN is US539439BC29 and the Common Code is 309617649. The CUSIP number for the Subordinated Notes is 539439 BE8, the ISIN is US539439BE84
and the Common Code is 309617592.

We have agreed to indemnify the several Underwriters
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