劳埃德银行(US ADR)美股招股说明书(2025-10-28版)

these 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 $% Senior Callable Fixed-to-Fixed Rate Notes due 2031$% Senior Callable Fixed-to-Fixed Rate Notes due 2036$Senior Callable Floating Rate Notes due 2031 The% senior callable fixed-to-fixed rate notes due 2031 (the “2031 Fixed Rate Notes”) will mature on November, 2031.The 2031 Fixed Rate Notes will bear interest from, and including, November, 2025 to, but excluding, November, 2030 (the “2031Fixed Rate Notes Reset Date”) at a fixed annual rate of%, payable semi-annually in arrear, on Mayand Novemberof eachyear, commencing on May, 2026. From, and including, the 2031 Fixed Rate Notes Reset Date, the 2031 Fixed Rate Notes will bearinterest at a fixed annual rate equal to the applicable U.S. Treasury Rate (as defined herein) as determined by the Calculation Agent (asdefined herein) on the 2031 Fixed Rate Notes Reset Determination Date (as defined herein), plus%, payable semi-annually inarrear, on May, 2031 and November, 2031. We will have the option in our sole discretion (but subject to, if and to the extent thenrequired by the Relevant Regulator or the Loss Absorption Regulations, our giving notice to the Relevant Regulator and the RelevantRegulator granting us permission) to redeem, in whole, but not in part, the 2031 Fixed Rate Notes on November, 2030 at aredemption price equal to 100% of the principal amount of the 2031 Fixed Rate Notes being redeemed plus accrued and unpaidinterest thereon, if any, to, but excluding, November, 2030. The% senior callable fixed-to-fixed rate notes due 2036 (the “2036 Fixed Rate Notes”, and, together with the 2031 Fixed RateNotes, the “Fixed Rate Notes”) will mature on November, 2036. The 2036 Fixed Rate Notes will bear interest from, and including,November, 2025 to, but excluding, November, 2035 (the “2036 Fixed Rate Notes Reset Date”) at a fixed annual rate of%,payable semi-annually in arrear, on Mayand Novemberof each year, commencing on May, 2026. From, and including, the2036 Fixed Rate Notes Reset Date, the 2036 Fixed Rate Notes will bear interest at a fixed annual rate equal to the applicable U.S.Treasury Rate (as defined herein) as determined by the Calculation Agent (as defined herein) on the 2036 Fixed Rate Notes ResetDetermination Date (as defined herein), plus%, payable semi-annually in arrear, on May, 2036 and November, 2036. We willhave the option in our sole discretion (but subject to, if and to the extent then required by the Relevant Regulator or the LossAbsorption Regulations, our giving notice to the Relevant Regulator and the Relevant Regulator granting us permission) to redeem, inwhole, but not in part, the 2036 Fixed Rate Notes on November, 2035 at a redemption price equal to 100% of the principal amountof the 2036 Fixed Rate Notes being redeemed plus accrued and unpaid interest thereon, if any, to, but excluding, November, 2035. The senior callable floating rate notes due 2031 (the “Floating Rate Notes”, and, together with the Fixed Rate Notes, the “SeniorNotes”) will mature on November, 2031. Interest on the Floating Rate Notes will be payable quarterly in arrear, on February,May, Augustand Novemberof each year, beginning on February, 2026. The interest rate payable on the Floating RateNotes will accrue from, and including, November, 2025 at a floating rate equal to the sum of the SOFR Index Average, resetquarterly plus% per annum, subject to the Minimum Rate (as defined herein). We will have the option in our sole discretion (butsubject to, if and to the extent then required by the Relevant Regulator or the Loss Absorption Regulations, our giving notice to theRelevant Regulator and the Relevant Regulator granting us permission) to redeem, in whole, but not in part, the Floating Rate Noteson November, 2030 at a redemption price equal to 100% of the principal amount of the Floating Rate Notes being redeemed plusaccrued and unpaid interest thereon, if any, to, but excluding, November, 2030. In addition to our option to redeem a series of 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 a series of Senior Notes, in whole, but not in part, at any time at 100% of their principal amount plus accruedand unpaid interest thereon, if any, upon the occurrence of certain tax or regulatory events described in this prospectus supplement andaccompanying prospectus. See “Description of the Senior Notes—Conditions to red