Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 4

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 4
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abilities of LBG and are not covered by the United Kingdom Financial Services Compensation Scheme or insured by the U.S. Federal Deposit
Insurance Corporation or any other governmental agency of the United Kingdom, the United States or any other jurisdiction.

Investing in the Additional Tier 1 Securities involves risks. See “Risk Factors” beginning on page S-26 of this prospectus supplement and as incorporated by reference herein.

By purchasing or acquiring the Additional Tier
1 Securities, each holder and each beneficial owner shall be deemed to have (i) consented to the exercise of any U.K. Bail-in Power as
it may be imposed without any prior notice by the relevant U.K. resolution authority of its decision to exercise such power with respect
to the Additional Tier 1 Securities and (ii) authorized, directed and requested DTC (as defined below) and any direct participant in DTC
or other intermediary through which it holds such Additional Tier 1 Securities to take any and all necessary action, if required, to implement
the exercise of any U.K. Bail-in Power with respect to the Additional Tier 1 Securities as it may be imposed, without any further action
or direction on the part of such holder or beneficial owner or the Trustee.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.

|                                |     | Price to Public |                |     | Underwriting 
 Discount     |            |     | Proceeds to us (before expenses) |              |
| Per Additional Tier 1 Security |     |                 |       100.000% |     |              |     0.750% |     |                                  |      99.250% |
| Total                          |     |                 | $1,000,000,000 |     |              | $7,500,000 |     |                                  | $992,500,000 |

The initial public offering price set forth above
does not include accrued interest, if any. Interest on the Additional Tier 1 Securities will accrue from the date of issuance, which is
expected to be November 3, 2025. See “Underwriting”.

We may use this prospectus supplement and the
accompanying prospectus in the initial sale of the Additional Tier 1 Securities. In addition, Lloyds Securities Inc. or another of our
affiliates may