Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 40

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 40
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 and include
June 13, 2025 and will end on and exclude September 13, 2025. Thereafter, the interest periods will be the periods from and including
a Senior Floating Rate Notes interest payment date to but excluding the immediately succeeding Senior Floating Rate Notes interest payment
date (together with the initial interest period, each a “Senior Floating Rate Notes Interest Period”). However, the final
Senior Floating Rate Notes Interest Period will be the period from and including the Senior Floating Rate Notes interest payment date
immediately preceding the maturity date to but excluding the maturity date. The Senior Floating Rate Notes interest determination date
(“Senior Floating Rate Notes Interest Determination Date”) for each Senior Floating Rate Interest Period will be on the fifth
U.S. Government Securities Business Day (as defined below) preceding the applicable Senior Floating Rate Notes interest payment date.
If a tax redemption or Loss Absorption Disqualification Event redemption (see “Description of the Senior Notes—Tax Redemption”
and “Description of the Senior Notes—Loss Absorption Disqualification Event Redemption” in this prospectus supplement)
occurs, the Senior Floating Rate Notes Interest Determination Date will be on the fifth U.S. Government Securities Business Day preceding
such tax redemption or Loss Absorption Disqualification Event redemption date, as applicable. “U.S. Government Securities Business
Day” means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association recommends
that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.

Calculation of Senior Floating Rate Notes Interest Rate

The Calculation Agent for the Senior Floating
Rate Notes is The Bank of New York Mellon, London Branch or its successor appointed by LBG. The Calculation Agent will determine the Senior
Floating Rate Notes Interest Rate for each Senior Floating Rate Notes Interest Period by reference to the SOFR Index Average on the applicable
Senior Floating Rate Notes Interest Determination Date. Promptly upon such determination, the Calculation Agent will notify LBG and the
Trustee (as defined below) of the applicable Senior Floating Rate Notes Interest Rate. Upon the request of the holder of any Senior Floating
Rate Note, the Calculation Agent will provide the Senior Floating Rate Notes Interest Rate as determined for the most recent applicable
Senior Floating Rate Notes Interest Period.

Subject to the circumstances described under
“— SOFR Discontinuation” below, the “SOFR Index Average” for each Senior Floating Rate Notes Interest
Period shall be equal to