Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 92

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 92
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 of any such tax is uncertain. Based on certain public statements, the
participating Member States are considering a proposal that would reduce the scope of the FTT and would only concern certain listed shares.
This proposal remains subject to change until final approval. Additional EU Member States may decide to participate. Prospective holders
of the Notes are advised to seek their own professional advice in relation to the FTT.

<div align='center'>S-64

Underwriting</div>

We and the underwriters for the offering named
below (the “Underwriters”) have entered into an underwriting agreement and a pricing agreement with respect to the Notes.
Subject to certain conditions, we have agreed to sell to the Underwriters and each Underwriter has severally, and not jointly, agreed
to purchase the respective principal amounts of the Senior Notes and the Subordinated Notes indicated opposite such Underwriter’s
name in the following tables.

| Underwriters for the Senior Notes |     | Principal Amount of     
 Senior Fixed Rate Notes |               |     | Principal Amount of        
 Senior Floating Rate Notes |             |
|:----------------------------------|:----|:------------------------|--------------:|:----|:---------------------------|------------:|
| BofA Securities, Inc.             |     | $                       |   150,000,000 |     | $                          |  60,000,000 |
| Lloyds Securities Inc.            |     | $                       |   487,500,000 |     | $                          | 195,000,000 |
| Morgan Stanley & Co. LLC          |     | $                       |   150,000,000 |     | $                          |  60,000,000 |
| Santander US Capital Markets LLC  |     | $                       |   150,000,000 |     | $                          |  60,000,000 |
| Scotia Capital (USA) Inc.         |     | $                       |   150,000,000 |     | $                          |  60,000,000 |
| TD Securities (USA) LLC           |     | $                       |   150,000,000 |     | $                          |  60,000,000 |
| Academy Securities, Inc.          |     | $                       |     6,250,000 |     | $                          |   2,500,000 |
| R. Seelaus & Co., LLC             |     | $                       |     6,250