Lloyds Banking Group PLC — Capital/Financing Update 2015

May 18, 2015

Final Terms dated 18 May 2015

Lloyds Bank plc

Issue of EUR 655,000,000 Floating Rate Notes due May 2017 under the Global Medium Term Note Programme

PART A — CONTRACTUAL TERMS

These Final Terms constitute Issue Terms for the purposes of the Base General Conditions. Terms used herein shall be deemed to be defined as such for the purposes of the Base Conditions set forth in the Prospectus dated 9 April 2015 as supplemented by the supplemental prospectus dated 11 May 2015 which together constitute a base prospectus for the purposes of 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 such Prospectus as so supplemented. 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 Prospectus as so supplemented. The Prospectus and the supplemental prospectus are available for viewing at www.londonstockexchange.com/exchange/news/market-news/market-news-home.html and copies may be obtained from Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN.

The expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State) and includes any relevant implementing measure in the Relevant Member State and the expression “2010 PD Amending Directive” means Directive 2010/73/EU.

1. Issuer: Lloyds Bank plc
2. (i) Series Number: WMTN0164
   (ii) Tranche Number: 1
3. Specified Currency: Euro (“EUR”)
4. Aggregate Nominal Amount
   (i) Series: EUR 655,000,000
   (ii) Tranche: EUR 655,000,000
5. Issue Price: 100 per cent. of the Aggregate Nominal Amount
6. (i) Specified Denominations: EUR 100,000
   (ii) Calculation Amount: EUR 100,000
7. (i) Issue Date: 19 May 2015
   (ii) Trade Date: 12 May 2015
8. Maturity Date: 19 May 2017
9. Business Day Convention: Modified Following Business Day Convention (Adjusted)
10. Business Centre(s): TARGET and London

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11 Calculation Agent Citibank, N.A., London Branch
12 Alternative Currency Equivalent Not Applicable
13 Synthetic Currency Asset Conditions Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14 Fixed Rate Note Provisions Not Applicable
15 Floating Rate Note Provisions Applicable

(i) Interest Commencement Date: Issue Date
(ii) Interest Period Date(s): Each Interest Payment Date
(iii) Interest Payment Dates: 19 May 2016 and the Maturity Date
(iv) Business Day Convention: Modified Following Business Day Convention (Adjusted)
(v) Party responsible for calculating the interest due (if not the Calculation Agent): Not Applicable
(vi) Screen Rate Determination: Applicable

• Reference Rate: 12 month EURIBOR
• Interest Determination Date(s): The second TARGET Business Day prior to the first day of each Interest Period
• Relevant Screen Page: Reuters Screen EURIBOR01 Page

(vii) ISDA Determination: Not Applicable
(viii) CMS Rate Determination: Not Applicable
(ix) Linear Interpolation: Not Applicable
(x) Margin(s): None
(xi) Minimum Rate of Interest: 0.00 per cent. per annum
(xii) Maximum Rate of Interest: Not Applicable
(xiii) Day Count Fraction: Actual/360

16 Zero Coupon Note Provisions Not Applicable
17 Index Linked Interest Provisions Not Applicable
18 Inflation Linked Interest Provisions Not Applicable
19 Currency Linked Interest Provisions Not Applicable

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20	Commodity Linked Interest Provisions	Not Applicable
21	Rate Linked Interest Provisions	Not Applicable
22	Multi-Asset Basket Linked Interest Provisions	Not Applicable
23	Structured Floating Rate Coupon	Not Applicable
24	Inverse Floating Rate Coupon	Not Applicable
25	Fixed Rate Step-Up/Step-Down Coupon	Not Applicable
26	Fixed to Floating Coupon	Not Applicable
27	Floating to Fixed Coupon	Not Applicable
28	Fixed to Floating Switchable Coupon	Not Applicable
29	Floating to Fixed Switchable Coupon	Not Applicable
30	Fixed Rate Range Accrual Coupon	Not Applicable
31	Floating Rate Range Accrual Coupon	Not Applicable
32	Fixed Rate Dual Range Accrual Coupon	Not Applicable
33	Floating Rate Dual Range Accrual Coupon	Not Applicable
34	Digital Coupon	Not Applicable
35	Inflation-Linked Coupon	Not Applicable
36	Inflation Protected Coupon	Not Applicable
37	Performance Coupon	Not Applicable
38	Annualised Performance Coupon	Not Applicable
PROVISIONS RELATING TO REDEMPTION
39	Put/Call Options	Not Applicable
40	Call Option	Not Applicable
41	Put Option	Not Applicable
42	Target Auto Redemption	Not Applicable
43	Autocall	Not Applicable
44	Final Redemption Amount	EUR 100,000 per Calculation Amount

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45 Early Redemption Amount

Early Redemption Amount(s): Par

46 Unwind Costs: Not Applicable

47 Expenses: Not Applicable

48 Index Linked Redemption Provisions: Not Applicable

49 Inflation Protected Redemption Provisions: Not Applicable

50 Currency Linked Redemption Provisions: Not Applicable

51 Commodity Linked Redemption Provisions: Not Applicable

52 Rate Linked Redemption Provisions: Not Applicable

53 Multi-Asset Basket Linked Redemption Provisions: Not Applicable

54 Performance Redemption: Not Applicable

55 Performance Plus Downside Redemption: Not Applicable

56 Performance Plus Conditional Downside Redemption: Not Applicable

57 Absolute Performance Redemption: Not Applicable

58 Reverse Convertible Redemption: Not Applicable

59 Reverse Convertible Plus Conditional Downside Redemption: Not Applicable

60 Inflation Protected Redemption: Not Applicable

61 Dual Currency Redemption: Not Applicable

GENERAL PROVISIONS APPLICABLE TO THE NOTES

62 Form of Notes: Bearer Notes - Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note

63 New Global Note: Yes

64 Additional Disruption Events: Not Applicable

65 Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature): Not Applicable

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66 Details relating to Instalment Notes: amount of each instalment, date on which each payment is to be made

Not Applicable

DISTRIBUTION

67 U.S. Selling Restrictions

Reg S Category 2; TEFRA D

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required for issue and admission to trading of the Notes described herein pursuant to the Global Medium Term Note Programme of Lloyds Bank plc and Lloyds Banking Group plc.

Signed on behalf of the Issuer:

By:

Duly authorised

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PART B — OTHER INFORMATION

1 LISTING AND ADMISSION TO TRADING

(i) Listing and admission to trading: Application is expected to be made by the Issuer (or on its behalf) for the Notes to be listed on the Official List of the UK Listing Authority and to be admitted to trading on the regulated market of the London Stock Exchange with effect from the Issue Date

(ii) Estimate of total expenses related to admission to trading: GBP 3,600 plus VAT

2 RATING

Ratings: The Notes to be issued have not been rated.

3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

“Save as discussed in “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.

4 REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i) Reasons for the offer: Please refer to the section entitled “Use of Proceeds” in the Base Prospectus

(ii) Estimated net proceeds: Not Applicable

(iii) Estimated total expenses: Not Applicable

5 YIELD

Not Applicable

6 HISTORIC INTEREST RATES

Details of historic EURIBOR rates can be obtained from Reuters.

7 OPERATIONAL INFORMATION

ISIN Code: XS1234899695

Common Code: 123489969

Swiss Securities Number (Valorennummer): Not Applicable

WKN Number (Wertpapierkennnummer): A1Z1V8

Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s): Not Applicable

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Delivery: Delivery against payment

Names and addresses of additional Paying Agent(s) (if any): Not Applicable

8 INDEX DISCLAIMER Not Applicable

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