Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 16

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 16
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 or the next three succeeding business days should consult their own advisors. |
| Use of Proceeds            | We intend to use the net proceeds of the offering for general corporate purposes. See “Use of Proceeds”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Joint Bookrunning Managers | Barclays Capital Inc., J.P. Morgan Securities LLC, Lloyds Securities Inc., Scotia Capital (USA) Inc., Standard Chartered Bank and Wells Fargo Securities, LLC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Conflict of Interest       | A conflict of interest (as defined by Rule 5121 of FINRA) may exist as Lloyds Securities Inc., an affiliate of the Issuer, may participate in the distribution of the Senior Notes. For further information, see “Underwriting”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Governing Law              | The Senior Indenture (as defined below), the Twenty-Second Supplemental Indenture (as defined below) and the Senior Notes are governed by, and construed in accordance with, the laws of the State of New York, except that, as the Indenture (as defined below) specifies, the provisions relating to the waiver of set-off in the Indenture are governed by and construed in accordance with Scots law.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

<div align='center'>S-14

Risk Factors</div>

Prospective investors should consider carefully the risk factors incorporated by reference into this prospectus supplement and as set out below as well as the other information set out elsewhere in this prospectus supplement (including any other documents incorporated by reference herein) and reach their own views prior to making any investment decision with respect to the Senior Notes.

Set out below and incorporated by reference herein are certain risk factors which could have a material adverse effect on our business, operations, financial condition or prospects and cause our future results to be materially different from expected results. Our results could also be affected by competition and other factors. These factors should not be regarded as a complete and comprehensive statement of all potential risks and uncertainties we face. We have described only those risks relating to our operations or an investment in the Senior Notes that we consider to be material. There may be additional risks that we currently consider not to be material or of which we are not currently aware, and any of these risks could have the effects set forth below. All of these factors are contingencies which may or may not occur and we are not in a position to express a view on the likelihood of any such contingency occurring. Investors should note that