Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 39

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 39
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 actual number of days elapsed.

The first Senior Floating Rate Notes interest
payment date (as defined below) will fall on September 13, 2025. Thereafter, interest on the Senior Floating Rate Notes will be paid quarterly
in arrears on March 13, June 13, September 13 and December 13 of each year (together with the first Senior Floating Rate Notes interest
payment date, each a “Senior Floating Rate Notes interest payment date”). However, if a Senior Floating Rate Notes interest
payment date would fall on a day that is not a business day, other than the interest payment date that is also a redemption date or the
date of maturity, the Senior Floating Rate Notes interest payment date will be postponed to the next succeeding day that is a business
day and interest thereon will continue to accrue, except that if the business day falls in the next succeeding calendar month, the applicable
Senior Floating Rate Notes interest payment date will be the immediately preceding business day. In each such case, except for the Senior
Floating Rate Notes interest payment date falling on a redemption date or the maturity date, the Senior Floating Rate Notes Interest Periods
and the Senior Floating Rate Notes Reset Dates (as defined below) will be adjusted accordingly to calculate the amount of interest payable
on the Senior Floating Rate Notes.

The Senior Floating Rate Notes Interest Rate will
be reset on each Senior Floating Rate Notes interest payment date (together with the initial Senior Floating Rate Notes Reset Date, each
a “Senior Floating Rate Notes Reset Date”). However, if any Senior Floating Rate Notes Reset Date would otherwise be a day
that is not a business day, that Senior Floating Rate Notes Reset Date will be postponed to the next succeeding day that is a business
day, except that if the business day falls in the next succeeding calendar month, the applicable Senior Floating Rate Notes Reset Date
will be the immediately preceding business day.

Interest will be paid to holders of record of
the Senior Floating Rate Notes in respect of the principal amount thereof outstanding 15 calendar days preceding the relevant Senior Floating
Rate Notes interest payment date, whether or not a business day. If the scheduled maturity date or date of redemption or repayment is
not a business day, we may pay interest and principal on the next succeeding business day, but interest on that payment will not accrue
during the period from and after the scheduled maturity date or date of redemption or repayment.

<div align='center'>S-36</div>

The first interest period will begin on