Capital/Financing Update • Apr 5, 2013
Capital/Financing Update
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27 March 2013
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 19 September 2012 and a supplement to it dated 22 March 2013 which together constitute a base prospectus (the "Base Prospectus") for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus has been published on Issuer's website.
| 1. | (i) | Series Number: | 24 |
|---|---|---|---|
| (ii) | Tranche Number: | 1 | |
| 2. | Specified Currency: | EUR | |
| 3. | Aggregate Nominal Amount of Notes admitted to trading: |
||
| (i) | Series: | 100,000,000 | |
| (ii) | Tranche: | 100,000,000 | |
| 4. | Issue Price: | 100.00 %, of the Aggregate Nominal Amount | |
| 5. | (i) | Specified Denominations: | €100,000 |
| (ii) | Calculation Amount: | €100,000 | |
| 6. | (i) | Issue Date: | 28 March 2013 |
| (ii) | Interest Commencement Date: |
Issue Date | |
| 7. | Maturity Date: | 28 March 2033 | |
| 8. | Interest Basis: | 3.875% Fixed Rate (further particulars specified below) |
|
| 9. | Redemption/Payment Basis: | Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at par. |
| 10. | Change of Interest Basis: | Not Applicable |
|---|---|---|
| 11. | Put/Call Options: | Not Applicable |
| 12. | Date(s) of relevant corporate authorisations for issuance of Notes: |
20 February 2013 (Board Authorisation) and 11 March 2013 (Decision to Issue) |
| 13. | Fixed Rate Note Provisions | Applicable |
|---|---|---|
| (i) | Rate(s) of Interest: | 3.875 %, per annum payable in arrear on each Interest Payment Date |
| (ii) | Interest Payment Date(s): | 28 March in each year commencing on 28 March 2014 up to, and including, the Maturity Date, in each case in accordance with the Following Business Day Convention. |
| (iii) | Fixed Coupon Amount(s): | EUR 3,875 per Calculation Amount |
| (iv) | Broken Amount(s): | Not Applicable |
| (v) | Day Count Fraction: | Actual/Actual (ICMA) |
| (vi) | Determination Date(s): | 28 March in each year |
| 14. | Floating Rate Note Provisions | Not Applicable |
| 15. | Zero Coupon Note Provisions | Not Applicable |
| 16. | Call Option: | Not Applicable |
|---|---|---|
| 17. | Put Option: | Not Applicable |
| 18. | Final Redemption Amount of each Note: |
At par |
| 19. | Early Redemption Amount of each Note payable on redemption for taxation reasons or on event of default or other early redemption: |
At par |
23.
Bearer Notes
Temporary Bearer Global Note exchangeable for a Permanent Bearer Global Note which is exchangeable for Definitive Notes only upon an Exchange Event
Redenomination:
London and Target
No
Not Applicable
Signed on behalf of the Issuer: LANGLALS By: Jann Duly authorised
| (i) | Admission to trading: | Application will be made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange with effect from the Issue Date. |
|---|---|---|
| (ii) | Estimate of total expenses related to admission to trading: |
GBP 2,700 |
Ratings:
The Notes to be issued are expected to be rated:
$S & P: BBB$
Moody's: Baa2
Save as discussed in "Subscription and Sale and Transfer and Selling Restrictions", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer". The Dealers and their affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.
Indication of yield:
3.875 per cent.
The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.
| ISIN Code: | XS0906397491 |
|---|---|
| Common Code: | 090639749 |
| Book-entry clearing systems | Euroclear Bank S.A./N.V., Clearstream Banking, société anonyme |
| Names and addresses of additional Not Applicable Paying Agent(s) (if any): |
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