Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 12

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 12
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”),                 
 for the five consecutive business days immediately prior to the Senior Fixed Rate Notes Reset Determination Date, and appearing under         
 the caption “Treasury constant maturities” on the Senior Fixed Rate Notes Reset Determination Date as of 5:00 p.m. (New York                  
 City time), in the most recently published statistical release designated “H.15 Daily Update”, or any successor publication                   
 that is published by the Board of Governors of the Federal Reserve System that establishes yields on actively traded U.S. Treasury securities 
 adjusted to constant maturity, under the caption “Treasury constant maturities”, for the maturity of one year; provided                       
 that if the Yield is not available through such release (or successor publication) for any relevant business day, then the arithmetic         
 average will be determined based on the Yields for the remaining business days during the five business day period described above (provided  
 further that if the Yield is available for only a single business day during such five business day period, the “Senior Fixed Rate            
 Notes U.S. Treasury Rate” will mean the single-day Yield for such day); or (2) if such release (or any successor release) is not              
 published during the week immediately prior to the Senior Fixed Rate Notes Reset Determination Date or does not contain such yields,          
 the rate per annum equal to the semi-annual equivalent yield to maturity of the Senior Fixed Rate Notes Comparable Treasury Issue, calculated 
 using a price for the Senior Fixed Rate Notes Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to          
 the Senior Fixed Rate Notes Comparable Treasury Price for the Senior Fixed Rate Notes Reset Date.                                             
 If the Senior Fixed Rate Notes U.S. Treasury Rate cannot be determined, for whatever reason, as described under (1) or (2) above,             
 the “Senior Fixed Rate Notes U.S. Treasury Rate” means the rate in percentage per annum as notified by the Calculation Agent                  
 to the Issuer equal to the last reported Yield on U.S. Treasury securities having a maturity of one year based on information appearing       
 in the most recently published statistical release designated “H.15 Daily Update” (or any successor publication by the Board                  
 of Governors of the Federal Reserve System and that establishes yields on actively traded U.S. Treasury securities) as of 5:00 p.m. (New      
 York City time) on the Senior Fixed Rate Notes Reset Determination Date.                                                                      
 The Senior Fixed Rate Notes U.S. Treasury Rate shall be determined by the Calculation Agent (as