Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 18

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 18
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 1 Securities —Determination of Subsequent Interest Rate”) and 2.681%, such sum being converted to a quarterly rate in accordance with market convention (rounded to three decimal places, with 0.0005 rounded down).  Interest will be payable (subject to cancellation as provided herein) quarterly in arrear on each Interest Payment Date (with a long first interest period). See also “Description of the Additional Tier 1 Securities—Payments—Interest Rate” below. The regular record dates for the Additional Tier 1 Securities will be the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day (each, a “Record Date”). |

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| Reset Date                      
 Interest Payment Dates          | The First Reset Date and every fifth anniversary thereafter.                                                                                    
 March 27, June 27, September 27 and December 27 of each year, commencing on March 27, 2026 (long first interest period).                        |
|:--------------------------------|:------------------------------------------------------------------------------------------------------------------------------------------------|
| Interest Payments Discretionary | Interest on the Additional Tier 1 Securities will be due                                                                                        
 and payable only at the sole discretion of LBG and LBG shall have absolute discretion at all times and for any reason to cancel any interest    
 payment in whole or in part that would otherwise be payable on any Interest Payment Date. If LBG elects not to make an interest payment         
 on the relevant Interest Payment Date, or if LBG elects to make a payment of a portion, but not all, of such interest payment, such non-payment 
 shall evidence LBG’s exercise of its discretion to cancel such interest payment, or the portion of such interest payment not paid,              
 and accordingly such interest payment, or the portion thereof not paid, shall not be or become due and payable.                                 
 See also “—Agreement to Interest Cancellation”                                                                                                  
 and “Description of the Additional Tier 1 Securities—Payments—Notice of Interest Cancellation”                                                  
 below.                                                                                                                                          |
| Restrictions on                 
 Interest Payments               | LBG shall cancel any interest on the Additional Tier 1 Securities (or, as appropriate, any part thereof) which is scheduled to be paid          
 on an Interest Payment Date to the extent that LBG has an amount of Distributable Items on any scheduled Interest Payment Date that is          
 less than the sum of (i) all payments (other than redemption payments) made or declared by LBG since the end of LBG’s last