劳埃德银行(US ADR)美股招股说明书(2025-06-10版)

The information in this preliminary prospectus supplement is not complete and may be changed. A registration statement relating tothese securities has been filed with the Securities and Exchange Commission and has become effective. This preliminary prospectussupplement and the accompanying prospectus are not an offer to sell nor are they soliciting an offer to buy these securities in anyjurisdiction where the offer or sale is not permitted. Filed pursuant to Rule 424(b)(2)Registration No. 333-287829 PRELIMINARY PROSPECTUS SUPPLEMENT(to prospectus dated June 6, 2025) Lloyds Banking Group plc $% Senior Callable Fixed-to-Fixed Rate Notes due 2029$Senior Callable Floating Rate Notes due 2029$% Fixed Rate Reset Dated Subordinated Tier 2 Notes due 2036 The% senior callable fixed-to-fixed rate notes due 2029 (the “Senior Fixed Rate Notes”) will mature on June, 2029. TheSenior Fixed Rate Notes will bear interest from, and including, June, 2025 to, but excluding, June, 2028 (the “Senior Fixed RateNotes Reset Date”) at a fixed annual rate of%, payable semi-annually in arrears, on Juneand Decemberof each year,commencing on December, 2025. From, and including, the Senior Fixed Rate Notes Reset Date, the Senior Fixed Rate Notes willbear interest at a fixed annual rate equal to the Senior Fixed Rate Notes U.S. Treasury Rate (as defined herein) as determined by theCalculation Agent (as defined herein) on the Senior Fixed Rate Notes Reset Determination Date (as defined herein), plus%, payablesemi-annually in arrears, on December, 2028 and June, 2029. We will have the option in our sole discretion (but subject to, if andto the extent then required by the Relevant Regulator or the Loss Absorption Regulations, our giving notice to the Relevant Regulatorand the Relevant Regulator granting us permission) to redeem, in whole, but not in part, the Senior Fixed Rate Notes on June, 2028at a redemption price equal to 100% of the principal amount of the Senior Fixed Rate Notes being redeemed plus accrued and unpaidinterest thereon, if any, to, but excluding, June, 2028. The senior callable floating rate notes due 2029 (the “Senior Floating Rate Notes”, and, together with the Senior Fixed RateNotes, the “Senior Notes”) will mature on June, 2029. Interest on the Senior Floating Rate Notes will be payable quarterly inarrears, on March, June, Septemberand Decemberof each year, beginning on September, 2025. The interest ratepayable on the Senior Floating Rate Notes will accrue from, and including, June, 2025 at a floating rate equal to the sum of theSOFR Index Average, reset quarterly plus% per annum, subject to the Minimum Rate (as defined herein). We will have the optionin our sole discretion (but subject to, if and to the extent then required by the Relevant Regulator or the Loss Absorption Regulations,our giving notice to the Relevant Regulator and the Relevant Regulator granting us permission) to redeem, in whole, but not in part,the Senior Floating Rate Notes on June, 2028 at a redemption price equal to 100% of the principal amount of the Senior FloatingRate Notes being redeemed plus accrued and unpaid interest thereon, if any, to, but excluding, June, 2028. In addition to our option to redeem the Senior Notes, we may (subject to, if and to the extent then required by the RelevantRegulator or the Loss Absorption Regulations, our giving notice to the Relevant Regulator and the Relevant Regulator granting uspermission) also redeem the Senior Notes, in whole, but not in part, at any time at 100% of their principal amount plus accrued andunpaid interest thereon, if any, upon the occurrence of certain tax or regulatory events described in this prospectus supplement andaccompanying prospectus. See “Description of the Notes—Senior Notes— Conditions to redemption and purchase, etc.”. The% fixed rate reset dated subordinated Tier 2 notes due 2036 (the “Subordinated Notes,” and, together with the SeniorNotes, the “Notes”) will mature on June, 2036. The Subordinated Notes will bear interest from, and including, June, 2025 to,but excluding, June, 2035 (the “Subordinated Notes Reset Date”), at a fixed rate of% per annum, payable semi-annually inarrears, on Juneand Decemberof each year, commencing on December, 2025, and from, and including, the SubordinatedNotes Reset Date to, but excluding, the maturity date (the “Subordinated Notes Reset Period”), at a rate per annum calculated by theCalculation Agent on the Subordinated Notes Reset Determination Date (as defined below) as being equal to the sum of theSubordinated Notes U.S. Treasury Rate (as defined herein) and%, such sum being converted to a semi-annual rate in accordancewith market convention (rounded to three decimal places, with 0.0005 rounded down) (the “Subordinated Notes Reset Rate ofInterest”). Interest will be payable semi-annually in arrears on Juneand December of each year, commencing on December,2025 to, and including, maturity. We will have the option in our sole discretio