By Jennifer Chiou
New York, July 26 - Lloyds TSB Bank plc priced R$25 million of 10.05% series A notes due July 28, 2015, according to a 424B5 filing with the Securities and Exchange Commission.
The annual interest payments and the payment at maturity will be made in dollars. The payments will be converted at the exchange rate then in effect. If the real has strengthened relative to the dollar, the payment will increase.
Morgan Stanley & Co. LLC is the agent.
The notes will be issued on July 28 and will be guaranteed by Lloyds Banking Group plc, a banking and financial services company based in London.
| Issuer: | Lloyds TSB Bank plc
|
| Guarantor: | Lloyds Banking Group plc
|
| Issue: | Series A notes
|
| Amount: | R$25 million
|
| Maturity: | July 28, 2015
|
| Coupon: | 10.05%, payable annually
|
| Price: | Variable
|
| Payout at maturity: | Par in dollars
|
| Pricing date: | July 25
|
| Settlement date: | July 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 5394E8AD1
|
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