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Lloyds Banking Group PLC — Capital/Financing Update 2016
Nov 9, 2016
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Download source fileFinal Terms dated 7 November 2016
Draft/Linklaters LLP/07.11.16
Lloyds Banking Group plc
Issue of €638,865,000 0.750 per cent. Notes due 2021
under the £50,000,000,000
Euro Medium Term Note Programme
PART A — CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the “Conditions”)contained in the Trust Deed dated 17 May 2016 as last supplemented on 28 July 2016 and set forth in the Prospectus dated 17 May 2016and the supplemental Prospectuses dated 29 July 2016 and 26 October 2016which together constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) and amendments thereto, to the extent that such amendments have been implemented in the relevant Member State of the European Economic Area (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. The Prospectus and the supplemental Prospectuses are available for viewing at www.londonstockexchange.com/exchange/news/market-news/market-news-home.htmland copies may be obtained from Lloyds Banking Group plc, The Mound, Edinburgh EH1 1YZ.
| Issuer: | Lloyds Banking Group plc | ||||||
| 1. Series Number: | EMTN4885 | ||||||
| 1. Tranche Number: | 1 | ||||||
| Specified Currency: | Euro (“€”) | ||||||
| Aggregate Nominal Amount: | €638,865,000 | ||||||
| Issue Price: | 99.639 per cent. of the Aggregate Nominal Amount | ||||||
| 1. Specified Denominations: | €100,000 and integral multiples of €1,000 in excess thereof up to and including €199,000. No Notes in definitive form will be issued with a denomination above €199,000 | ||||||
| 1. Calculation Amount: | €1,000 | ||||||
| 1. Issue Date: | 9 November 2016 | ||||||
| 1. Interest Commencement Date: | Issue Date | ||||||
| Maturity Date: | 9 November 2021 | ||||||
| Interest Basis: | 0.750 per cent. Fixed Rate | ||||||
| Redemption Basis: | Redemption at par | ||||||
| Change of Interest or Redemption/Payment Basis: | Not Applicable | ||||||
| Alternative Currency Equivalent: | Not Applicable | ||||||
| Put/Call Options: | Not Applicable | ||||||
| Status of the Notes: | Senior | ||||||
| Senior Notes Waiver of Set-off: | Applicable | ||||||
| PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE | |||||||
| Fixed Rate Note Provisions | Applicable | ||||||
| 1. Rate of Interest: | 0.750 per cent. per annum payable annually in arrear | ||||||
| 1. Interest Payment Date(s): | 9 November in each year from and including 9 November 2017 | ||||||
| 1. Fixed Coupon Amount: | €7.50 per Calculation Amount | ||||||
| 1. Broken Amount(s): | Not Applicable | ||||||
| 1. Day Count Fraction: | Actual/Actual ICMA | ||||||
| 1. Determination Dates: | 9 November in each year | ||||||
| 1. Business Day Convention: | Applicable - Modified Following Business Day Convention | ||||||
| Fixed Rate Reset Note Provisions | Not Applicable | ||||||
| Floating Rate Note Provisions | Not Applicable | ||||||
| Zero Coupon Note Provisions | Not Applicable | ||||||
| PROVISIONS RELATING TO REDEMPTION | |||||||
| Call Option | Not Applicable | ||||||
| Put Option | Not Applicable | ||||||
| Capital Disqualification Event Call | Not Applicable | ||||||
| Final Redemption Amount | €1,000 per Calculation Amount | ||||||
| Early Redemption Amount | |||||||
| Early Redemption Amount(s) payable on redemption for taxation reasons, following a Capital Disqualification Event or on event of default or other early redemption: | €1,000 per Calculation Amount | ||||||
| Capital Disqualification Event Substitution and Variation | Not Applicable | ||||||
| GENERAL PROVISIONS APPLICABLE TO THE NOTES | |||||||
| 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 | |||||||
| New Global Note: | Yes | ||||||
| Additional Financial Centre(s) or other special provisions relating to payment dates: | London and TARGET | ||||||
| Talons for future Coupons to be attached to Definitive Notes (and dates on which such Talons mature): | No | ||||||
| DISTRIBUTION | |||||||
| U.S. Selling Restrictions: | Reg S Category 2; TEFRA D | ||||||
| Signed on behalf of the Issuer: | |||||||
| By: [●] Duly authorised |
PART B – OTHER INFORMATION
| LISTING | ||
| 1. Listing: | London | |
| 1. Admission to trading: | Application is expected to be made for the Notes to be admitted to trading on the London Stock Exchange’s Regulated Market with effect from 9 November 2016. | |
| 1. Estimate of total expenses related to admission to trading: | £[3,650] | |
| RATINGS | ||
| Ratings: | The Notes to be issued are expected to be rated: | |
| S & P: BBB+ Moody’s: Baa1 Fitch: A+ | ||
| INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE | ||
| Save as discussed in “Subscription and Sale”, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the issue.” | ||
| Fixed Rate Notes only — YIELD | ||
| Indication of yield: | 0.824 per cent. per annum | |
| OPERATIONAL INFORMATION | ||
| ISIN Code: | XS1517181167 | |
| Common Code: | 151718116 | |
| Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking, S.A. and the relevant identification number(s): | Not Applicable | |
| Delivery: | Delivery free of payment | |
| Names and addresses of additional Paying Agent(s) (if any): | Not Applicable | |
| Name and address of Calculation Agent: | Not Applicable |