Lloyds Banking Group PLC — Capital/Financing Update 2015

Sep 22, 2015

Final Terms dated 21 September 2015

Lloyds Bank plc

Issue of GBP 300,000,000 Floating Rate Notes due September 2016 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 and the supplemental prospectuses dated 11 May 2015 and 12 August 2015 which together constitutes 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 prospectuses 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: WMTN0203
   (ii) Tranche Number: 1
3. Specified Currency: Pounds Sterling (“GBP”)
4. Aggregate Nominal Amount
   (i) Series: GBP 300,000,000
   (ii) Tranche: GBP 300,000,000
5. Issue Price: 100 per cent. of the Aggregate Nominal Amount
6. (i) Specified Denominations: GBP 100,000
   (ii) Calculation Amount: GBP 100,000
7. (i) Issue Date: 23 September 2015
   (ii) Trade Date: 16 September 2015
8. Maturity Date: 23 September 2016
9. Business Day Convention: Modified Following Business Day Convention (Adjusted)
10. Business Centre(s): London
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

1. Fixed Rate Note Provisions: Not Applicable

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15 Floating Rate Note Provisions
Applicable

(i) Interest Commencement Date: 23 September 2015
(ii) Interest Period Date(s): Each Interest Payment Date
(iii) Interest Payment Dates: 23 March, 23 June, 23 September and 23 December in each year from and including 23 December 2015 to and including 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: 3 month GBP LIBOR
- Interest Determination Date(s): The first day of each Interest Accrual Period
- Relevant Screen Page: Reuters page LIBOR01
(vii) ISDA Determination: Not Applicable
(viii) CMS Rate Determination: Not Applicable
(ix) Linear Interpolation: Not Applicable
(x) Margin(s): +0.38 per cent. per annum
(xi) Minimum Rate of Interest: Not Applicable, as per the Base Condition 5(b)(ii)
(xii) Maximum Rate of Interest: Not Applicable
(xiii) Day Count Fraction: Actual/365 (Fixed)

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

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

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59 Reverse Convertible Plus 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
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:
[Signature]
Duly authorised

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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 GBP 100,000 per Calculation Amount
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

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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 are expected to be rated: S&P: A
Moody’s: A1

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 HISTORIC INTEREST RATES

Details of historic GBP LIBOR rates can be obtained from Reuters.

6 OPERATIONAL INFORMATION

ISIN Code: XS1295629866
Common Code: 129562986
Swiss Securities Number (Valorennummer): Not Applicable
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
Delivery: Delivery against payment
Names and addresses of additional Paying Agent(s) (if any): Not Applicable

7 INDEX DISCLAIMER

Not Applicable

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