Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 52

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 52
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 debt securities will only be issued
in limited circumstances described under “Description of Certain Provisions Relating to Debt Securities and Capital Securities—Form of Debt Securities and Capital Securities; Book-Entry System” in the accompanying prospectus.

Payment of principal of and interest on the Senior
Notes, so long as the Senior Notes are represented by global securities, will be made in immediately available funds. Beneficial interests
in the global securities will trade in the same-day funds settlement system of the DTC, and secondary market trading activity in such
interests will therefore settle in same-day funds.

A “business day” means any day, other
than Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or
regulation to close in the City of New York or in the City of London.

All payments in respect of the Senior Notes by
us or our paying agent will be made subject to any deduction or withholding that may be imposed or levied by any jurisdiction. Except
as provided under “—Payment of Additional Amounts” below, no additional amounts will be paid on the Senior Notes
with respect to any such amounts withheld. For the avoidance of doubt, notwithstanding anything to the contrary herein, if by reason of
any agreement with the U.S. Internal Revenue Service in connection with Sections 1471-1474 of the U.S. Internal Revenue Code and the U.S.
Treasury regulations thereunder (“FATCA”), any intergovernmental agreement between the United States and the United Kingdom
or any other jurisdiction with respect to FATCA, or any law, regulation or other official guidance enacted or issued in any jurisdiction
implementing, or relating to, FATCA or any intergovernmental agreement, any of us, the Trustee, our paying agent or another withholding
agent deducts and withholds from any amount payable on, or in respect of, the Senior Notes, the amounts so deducted or withheld shall
be treated as having been paid to the holder of the Senior Notes, and no additional amounts will be paid on account of any such deduction
or withholding. Neither we, the Trustee nor our paying agent shall have any liability in connection with our compliance with any such
withholding obligation under applicable law.

Optional Redemption

On at least 5 business days’ but no more
than 30 business days’ prior written notice delivered to the registered holders of a series of Senior Notes, we may, in our sole
discretion (but subject to