Filed pursuant to Rule 433
Dated August 10, 2015
Registration Nos. 333-189150
333-189150-01
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Free Writing Prospectus (To Preliminary Prospectus Supplement dated August 10, 2015 and Prospectus dated June 7, 2013) | |
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| $700,000,000 2.000% Senior Notes due 2018 Final Term Sheet | |
| Issuer: | Lloyds Bank plc |
| Guarantor: | Lloyds Banking Group plc |
| Expected Ratings*: | A1 / A / A+ (Positive, Stable, Stable) (Moody’s, S&P, Fitch) |
| Status: | Senior Unsecured, Unsubordinated |
| Format/Ranking: | SEC Registered Global Notes – Fixed Rate |
| Principal Amount: | $700,000,000 |
| Pricing Date: | August 10, 2015 |
| Settlement Date: | August 17, 2015 (T+5) |
| Maturity Date: | August 17, 2018 |
| Coupon: | 2.000% |
| Interest Payment Dates: | Semi-annually on February 17 and August 17, commencing February 17, 2016 |
| Benchmark Treasury: | UST 0.875% due July 15, 2018 |
| Benchmark Treasury Price / Yield: | 99-14 ¼ / 1.068% |
| Spread to Benchmark Treasury: | UST + 100 basis points |
| Reoffer Yield: | 2.068% |
| Reoffer Price: | 99.803% |
| Underwriting Commissions: | 0.200% |
| Net Proceeds (Before Expenses): | $697,221,000 |
| CUSIP: | 53944V AJ8 |
| ISIN: | US53944VAJ89 |
| Day Count Fraction: | 30 / 360 |
| Denominations: | $200,000 and integral multiples of $1,000 in excess thereof |
| Business Days: | Means any day, other than Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in the City of New York or in the City of London |
| Business Day Convention: | Following, unadjusted |
| Expected Listing: | New York Stock Exchange |
| Joint Book-Running Managers: | Citigroup Global Markets Inc., Goldman, Sachs & Co., Lloyds Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC |
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Note: A securities rating is not a recommendation to buy, sell or hold securities. Ratings may be subject to revision or withdrawal at any time, and each rating should be evaluated independently of any other rating.
Lloyds Banking Group plc and Lloyds Bank plc have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Lloyds Banking Group plc and Lloyds Bank plc have filed with the SEC for more complete information about Lloyds Banking Group plc and Lloyds Bank plc and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Lloyds Banking Group plc and Lloyds Bank plc, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at (800) 831-9146, Goldman, Sachs & Co. toll-free at (866) 471-2526, Lloyds Securities Inc. collect at (212) 930-5000, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322, Morgan Stanley & Co. LLC toll-free at (866) 718-1649 and RBC Capital Markets, LLC at (866) 375-6829.
Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.
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Free Writing Prospectus
(To Preliminary Prospectus Supplement dated August 10, 2015 and Prospectus dated June 7, 2013)
$1,000,000,000 2.700% Senior Notes due 2020 Final Term Sheet
| Issuer: | Lloyds Bank plc |
| Guarantor: | Lloyds Banking Group plc |
| Expected Ratings*: | A1 / A / A+ (Moody’s (postive outlook), S&P (stable), Fitch (stable)) |
| Status: | Senior Unsecured, Unsubordinated |
| Format/Ranking: | SEC Registered Global Notes – Fixed Rate |
| Principal Amount: | $1,000,000,000 |
| Pricing Date: | August 10, 2015 |
| Settlement Date: | August 17, 2015 (T+5) |
| Maturity Date: | August 17, 2020 |
| Coupon: | 2.700% |
| Interest Payment Dates: | Semi-annually on February 17 and August 17, commencing February 17, 2016 |
| Benchmark Treasury: | UST 1.625% due July 31, 2020 |
| Benchmark Treasury Price / Yield: | 100-02 / 1.612% |
| Spread to Benchmark Treasury: | UST + 110 basis points |
| Reoffer Yield: | 2.712% |
| Reoffer Price: | 99.944% |
| Underwriting Commissions: | 0.300% |
| Net Proceeds (Before Expenses): | $996,440,000 |
| CUSIP: | 53944V AK5 |
| ISIN: | US53944VAK52 |
| Day Count Fraction: | 30 / 360 |
| Denominations: | $200,000 and integral multiples of $1,000 in excess thereof |
| Business Days: | Means any day, other than Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in the City of New York or in the City of London |
| Business Day Convention: | Following, unadjusted |
| Expected Listing: | New York Stock Exchange |
| Joint Book-Running Managers: | Citigroup Global Markets Inc., Goldman, Sachs & Co., Lloyds Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC |
Note: A securities rating is not a recommendation to buy, sell or hold securities. Ratings may be subject to revision or withdrawal at any time, and each rating should be evaluated independently of any other rating.
Lloyds Banking Group plc and Lloyds Bank plc have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Lloyds Banking Group plc and Lloyds Bank plc have filed with the SEC for more complete information about Lloyds Banking Group plc and Lloyds Bank plc and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Lloyds Banking Group plc and Lloyds Bank plc, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at (800) 831-9146, Goldman, Sachs & Co. toll-free at (866) 471-2526, Lloyds Securities Inc. collect at (212) 930-5000, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 and Morgan Stanley & Co. LLC toll-free at (866) 718-1649.
Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.
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Free Writing Prospectus (To Preliminary Prospectus Supplement dated August 10, 2015 and Prospectus dated June 7, 2013) | |
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| $300,000,000 Floating Rate Senior Notes due 2018 Final Term Sheet | |
| Issuer: | Lloyds Bank plc |
| Guarantor: | Lloyds Banking Group plc |
| Expected Ratings*: | A1 / A / A+ (Positive, Stable, Stable) (Moody’s, S&P, Fitch) |
| Status: | Senior Unsecured, Unsubordinated |
| Format/Ranking: | SEC Registered Global Notes – Floating Rate |
| Principal Amount: | $300,000,000 |
| Pricing Date: | August 10, 2015 |
| Settlement Date: | August 17, 2015 (T+5) |
| Maturity Date: | August 17, 2018 |
| Coupon: | U.S. Dollar three-month LIBOR, determined as of two London business days prior to the first day of the relevant Floating Rate Interest Period (as defined below), plus 78 basis points |
| Interest Payment Dates: | Quarterly on February 17, May 17, August 17 and November 17, commencing November 17, 2015 |
| Interest Reset Date: | Interest Payment Dates |
| Reoffer Price: | 100.000% |
| Underwriting Commissions: | 0.200% |
| Net Proceeds (Before Expenses): | $299,400,000 |
| Calculation Agent: | The Bank of New York Mellon |
| Interest Periods: | The first interest period will begin on and include August 17, 2015 and will end on and exclude November 17, 2015. Thereafter, the interest periods will be the periods from and including an Interest Payment Date to but excluding the immediately succeeding Interest Payment Date (together with the first interest period, each a “Floating Rate Interest Period”). However, the final Floating Rate Interest Period will be the period from and including the Interest Payment Date immediately preceding the Maturity Date to but excluding the Maturity Date. |
| CUSIP: | 53944V AL3 |
| ISIN: | US53944VAL36 |
| Day Count Fraction: | Actual / 360 |
| Denominations: | $200,000 and integral multiples of $1,000 in excess thereof |
| Business Days: | Means any day, other than Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in the City of New York or in the City of London |
| Business Day Convention: | Modified following, adjusted |
| Expected Listing: | New York Stock Exchange |
| Joint Book-Running Managers: | Citigroup Global Markets Inc., Goldman, Sachs & Co., Lloyds Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC |
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Note: A securities rating is not a recommendation to buy, sell or hold securities. Ratings may be subject to revision or withdrawal at any time, and each rating should be evaluated independently of any other rating.
Lloyds Banking Group plc and Lloyds Bank plc have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Lloyds Banking Group plc and Lloyds Bank plc have filed with the SEC for more complete information about Lloyds Banking Group plc and Lloyds Bank plc and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Lloyds Banking Group plc and Lloyds Bank plc, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at (800) 831-9146, Goldman, Sachs & Co. toll-free at (866) 471-2526, Lloyds Securities Inc. collect at (212) 930-5000, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 and Morgan Stanley & Co. LLC toll-free at (866) 718-1649.
Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system. |