Lloyds Banking Group PLC — Capital/Financing Update 2016

Feb 8, 2016

Final Terms dated 4 February 2016

Lloyds Bank plc

Issue of EUR 130,000,000 Floating Rate Notes due February 2018 to be consolidated and form a single series with the existing EUR 171,000,000 Floating Rate Notes due February 2018 issued on 2 February 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, 12 August 2015 and 5 November 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/EU (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:
   WMTN0221
   (ii) Tranche Number:
   2

3. Specified Currency
   Euro (“EUR”)

4. Aggregate Nominal Amount
   (i) Series:
   EUR 301,000,000
   (ii) Tranche:
   EUR 130,000,000

5. Issue Price
   100.3025 per cent. of the Aggregate Nominal Amount plus accrued interest from 2 February 2016

6. (i) Specified Denominations:
   EUR 100,000
   (ii) Calculation Amount:
   EUR 100,000

7. (i) Issue Date:
   9 February 2016
   (ii) Trade Date:
   2 February 2016

8. Maturity Date
   2 February 2018

9. Business Day Convention
   Modified Following Business Day Convention (Adjusted)

10. Business Centre(s)
    London and TARGET2

11. Calculation Agent
    Citibank N.A., London Branch

12. Alternative Currency Equivalent
    Not Applicable

13. Synthetic Currency Asset
    Not Applicable

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2

Conditions

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14	Fixed Rate Note Provisions	Not Applicable
15	Floating Rate Note Provisions	Applicable
(i)	Interest Commencement Date:	2 February 2016
(ii)	Interest Period Date(s):	Each Interest Payment Date
(iii)	Interest Payment Dates:	2 February, 2 May, 2 August and 2 November in each year from and including 2 May 2016 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 EURIBOR
-	Interest Determination Date(s):	Two (2) TARGET Business Days prior to the beginning of each Interest Accrual Period
-	Relevant Screen Page:	Reuter’s EURIBOR01 (11 a.m. Brussels time fixing)
(vii)	ISDA Determination:	Not Applicable
(viii)	CMS Rate Determination:	Not Applicable
(ix)	Linear Interpolation:	Not Applicable
(x)	Margin(s):	+0.45 per cent. per annum
(xi)	Minimum Rate of Interest:	As per the Base Condition 5(b)(ii)
(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
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

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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
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

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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
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 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 been rated: S&P: A

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 EURIBOR rates can be obtained from Reuters.

6 OPERATIONAL INFORMATION

ISIN: XS1353190314

Common Code: 135319031

Swiss Securities Number Not Applicable (Valorenummer):

WKN Number (Wertpapierkennnummer): A18XBJ

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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