Lloyds prepares to offer two senior callable fixed-to-fixed notes

Chicago, March 11 – Lloyds Banking Group plc announced it will be offering two tranches of senior callable fixed-to-fixed rate notes in a 424B2 filing on Friday morning.

The notes will mature either in 2026 and 2028.

In both cases, the fixed rate will reset one year before the maturity dates.

The notes can be redeemed on the reset dates at the option of the issuer.

BofA Securities, Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities, LLC, Lloyds Securities Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are joint bookrunners.

Bank of New York Mellon is the trustee.

Davis Polk & Wardwell London LLP is advising the issuer with CMS Cameron McKenna Nabarro Olswang LLP helping for Scottish law. Allen & Overy LLP is working as counsel to the bookrunners.

Proceeds will be used for general corporate purposes.

The retail and commercial bank is based in Edinburgh, Scotland, with operational headquarters in London.

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