Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 104

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 104
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 is truthful or complete. Any representation to the contrary is a criminal offense.

This prospectus may not be used to sell securities unless it is accompanied by a prospectus supplement.

<div align='center'>The date of this prospectus is June 6, 2025.

3

table of contents

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| ABOUT THIS PROSPECTUS                                                                |  5 |
| USE OF PROCEEDS                                                                      |  6 |
| LLOYDS BANKING GROUP PLC                                                             |  7 |
| DESCRIPTION OF DEBT SECURITIES                                                       |  8 |
| DESCRIPTION OF CAPITAL SECURITIES                                                    | 18 |
| DESCRIPTION OF CERTAIN PROVISIONS RELATING TO DEBT SECURITIES AND CAPITAL SECURITIES | 24 |
| DESCRIPTION OF ORDINARY SHARES                                                       | 29 |
| DESCRIPTION OF AMERICAN DEPOSITARY SHARES                                            | 34 |
| PLAN OF DISTRIBUTION                                                                 | 40 |
| LEGAL OPINIONS                                                                       | 42 |
| EXPERTS                                                                              | 43 |
| ENFORCEMENT OF CIVIL LIABILITIES                                                     | 44 |
| WHERE YOU CAN FIND MORE INFORMATION                                                  | 45 |
| INCORPORATION OF DOCUMENTS BY REFERENCE                                              | 46 |
| CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS                                   | 47 |

<div align='center'>4

ABOUT THIS PROSPECTUS</div>

This prospectus is part of a registration statement
on Form F-3 that we filed with the U.S. Securities and Exchange Commission (the “SEC”) using a “shelf” registration
or continuous offering process. Under this shelf process, we may, from time to time, sell the securities described in this prospectus
in one or more offerings of an unspecified amount in one or more foreign currencies or currency units.

This prospectus provides you with a general description
of the debt securities, capital securities, ordinary shares and American Depositary Shares we may offer, which we also refer to collectively
as the “securities”. Each time we sell securities, a prospectus supplement that contains specific information about the terms
of that offering will be provided. The prospectus supplement will provide information regarding certain tax consequences of the purchase,
ownership and disposition of the offered securities. The prospectus supplement may also add to, update or change information contained
in this prospectus. If there is any inconsistency between the information in this prospectus and any prospectus supplement, you should
rely on the information in that