Bond Lloyds Bank Plc 0.04875% ( XS0765619407 ) in GBP

Lloyds Bank Plc

100 % ⇌

United Kingdom

XS0765619407 ( in GBP )

0.04875% per year ( payment 1 time a year)

30/03/2027 - Bond has expired

Prospectus brochure of the bond Lloyds Bank Plc XS0765619407 in GBP 0.04875%, expired

100 000 GBP

1 250 000 000 GBP

Lloyds Banking Group plc is a major British multinational banking and financial services corporation headquartered in London, offering a wide range of retail, commercial, and corporate banking services.

The Bond issued by Lloyds Bank Plc ( United Kingdom ) , in GBP, with the ISIN code XS0765619407, pays a coupon of 0.04875% per year.
The coupons are paid 1 time per year and the Bond maturity is 30/03/2027

IMPORTANT NOTICE
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS
IN THE U.S.
IMPORTANT: You must read the following before continuing. The following applies to the final terms
attached to this electronic transmission, and you are therefore advised to read this carefully before reading,
accessing or making any other use of the final terms. In accessing the final terms, you agree to be bound by the
following terms and conditions, including any modifications to them any time you receive any information from
us as a result of such access.
NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY THE SECURITIES OF THE ISSUER. THE FOLLOWING FINAL
TERMS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT
BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE
FORWARDED TO ANY U.S. PERSON OR TO ANY U.S. ADDRESS. ANY FORWARDING,
DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS
UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION
OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT) OR THE
APPLICABLE LAWS OF OTHER JURISDICTIONS.
These final terms have been delivered to you on the basis that you are a person into whose possession this final
terms may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. By
accessing the final terms, you shall be deemed to have confirmed and represented to us that (a) you have
understood and agree to the terms set out herein, (b) you consent to delivery of the final terms by electronic
transmission, (c) you are not a U.S. person (within the meaning of Regulation S under the Securities Act) or
acting for the account or benefit of a U.S. person and the electronic mail address that you have given to us and
to which this e-mail has been delivered is not located in the United States, its territories and possessions
(including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern
Mariana Islands) or the District of Columbia and (d) if you are a person in the United Kingdom, then you are a
person who (i) has professional experience in matters relating to investments or (ii) is a high net worth entity
falling within Article 49(2)(a) to (d) of the Financial Services and Markets Act (Financial Promotion) Order
2005 or a certified high net worth individual within Article 48 of the Financial Services and Markets Act
(Financial Promotion) Order 2005.
These final terms have been sent to you in an electronic form. You are reminded that documents transmitted via
this medium may be altered or changed during the process of electronic transmission and consequently none of
Lloyds Bank plc or any other Dealer appointed from time to time (nor any person who controls it nor any
director, officer, employee nor agent of it or affiliate of any such person) accepts any liability or responsibility
whatsoever in respect of any difference between the final terms distributed to you in electronic format and the
hard copy version available to you on request from Lloyds Bank plc.

1

THESE AMENDED AND RESTATED FINAL TERMS HAVE BEEN CREATED SOLELY AS A
MATTER OF RECORD TO RECORD THE CURRENT FINAL TERMS OF THE COVERED BONDS
AS AMENDED WITH EFFECT FROM 6 FEBRUARY 2020 BY A SUPPLEMENTAL TRUST DEED
DATED 6 FEBRUARY 2020 (THE "SUPPLEMENTAL TRUST DEED") TO AMEND THE INTEREST
BASIS OF THE COVERED BONDS. NO OFFER OF ANY OF THE COVERED BONDS IS BEING
MADE BY THE ISSUER (AS DEFINED BELOW) PURSUANT TO THIS DOCUMENT OR
OTHERWISE AND THE ISSUER DOES NOT ACCEPT ANY ADDITIONAL OBLIGATIONS TO
COVERED BONDHOLDERS IN RELATION TO THIS DOCUMENT.
FINAL TERMS
The Covered Bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended
(the Securities Act) or the state securities laws of any state or other jurisdiction of the United States and the
Covered Bonds may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for
the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to
an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and
applicable state or local securities laws.
Final Terms dated 29 March 2012 and as amended and restated on 6 February 2020
Lloyds Bank plc
Issue of £1,250,000,000 Series 2012-16 Fixed Rate Covered Bonds due 2027

irrevocably and unconditionally guaranteed as to payment of principal and interest by
Lloyds Bank Covered Bonds LLP
under the 30 billion Global Covered Bond Programme

The Programme has been registered and notice of these Covered Bonds has been made, under the Regulated
Covered Bonds Regulations 2008 (SI 2008/346).

The Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that any
offer of Covered Bonds in any Member State of the European Economic Area which has implemented the
Prospectus Directive (2003/71/EC) (each, a Relevant Member State) will be made pursuant to an exemption
under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish
a prospectus for offers of the Covered Bonds. Accordingly any person making or intending to make an offer in
that Relevant Member State of the Covered Bonds may only do so in circumstances in which no obligation
arises for the Issuer or the relevant Dealer to publish a prospectus pursuant to Article 3 of the Prospectus
Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation
to such offer. Neither the Issuer nor the relevant Dealer has authorised, nor do they authorise, the making of any
offer of Covered Bonds in any other circumstances.
PART A -- CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the
Terms and Conditions) set forth in the prospectus dated 27 May 2011 and the supplementary prospectuses
dated 17 August 2011, 5 December 2011 and 12 March 2012 which together constitute a base prospectus (the
Prospectus) for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the Prospectus Directive).
This document constitutes the Final Terms of the Covered Bonds described herein for the purposes of Article
5.4 of the Prospectus Directive and must be read in conjunction with such Prospectus as so supplemented. Full
information on the Issuer, the LLP and the offer of the Covered Bonds is only available on the basis of the
combination of these Final Terms and the Prospectus. The Prospectus is available for viewing at, and copies
may be obtained during normal business hours from, Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN.

1.
(i)
Issuer:
Lloyds Bank plc
(ii)
LLP
Lloyds Bank Covered Bonds LLP
2.
(i)
Series Number:
2012-16

2

(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
sterling/ pound sterling/ £
4.
Aggregate Nominal Amount of Covered

Bonds admitted to trading:

3

(i)
Series:
£1,250,000,000
(ii)
Tranche:
£1,250,000,000
5.
Issue Price:
99.508 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denominations:
£100,000 and integral multiples of £1,000 in excess
thereof.

(ii)
Calculation Amount:
£1,000
7.
(i)
Issue Date:
30 March 2012
(ii)
Interest Commencement Date:
30 March 2012
8.
(i)
Final Maturity Date:
30 March 2027
(ii)
Extended Due for Payment Date of
30 March 2028
Guaranteed Amounts corresponding
to the Final Redemption Amount
under the Covered Bond Guarantee:
9.
Interest Basis:
4.875 per cent. Fixed Rate from and including the
Issue Date to but excluding the Final Maturity Date
(Further particulars specified below with respect to the
period from the Final Maturity Date to, but excluding,
the Extended Due for Payment Date)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment
From, and including the Final Maturity Date to, but
Basis:
excluding the Extended Due for Payment Date, the
following Interest provisions apply:
Interest Basis: SONIA + 2.076 per cent. Floating Rate.
Interest Payment Dates: 30th day of each month, from
but excluding the Final Maturity Date to and including
the Extended Due for Payment Date subject to
adjustments in accordance with the Business Day
Convention.
Interest Period: The first Interest Period after the Final
Maturity Date will be the period from and including
the Final Maturity Date to but excluding the next
following Interest Payment Date and subsequent
Interest Periods will be from and including an Interest
Payment Date to but excluding the next following
Interest Payment Date up to but excluding the
Extended Due for Payment Date.
Business Day Convention: Modified Following.
Business Days: London
Day Count Fraction: Actual/365 (Fixed) (adjusted).
Interest Determination Dates: Fifth Business Day prior
to the end of each Interest Period.
Screen Rate Determination: Applicable
Relevant Screen Page: Reuters Screen SONIA Page
(or any replacement thereto).
Relevant time: 9:00 a.m.
Observation Method: Lag

1

Observation Look-back Period: 5 Business Days
D: 365
12.
Put/Call Options:
Not Applicable
13.
(i)
Status of the Covered Bonds:
Senior, unsecured
(ii)
Status of Covered Bond Guarantee:
Senior, secured
(iii)
Date of Board approval for issuance
14 December 2011 in respect of the Issuer, and 28
of Covered Bonds and Covered
March 2012, and 12 December 2019 in respect of the
Bond Guarantee obtained:
LLP
14.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
Applicable from and including the Issue Date to but
15.
Fixed Rate Covered Bond Provisions
excluding the Final Maturity Date.
(i)
Rate(s) of Interest:
4.875 per cent. per annum payable annually in arrear.
(ii)
Interest Payment Date(s):
The first Interest Payment Date will be 30 March 2013
and thereafter 30 March in each year up to and
including the Final Maturity Date, subject to
adjustments in accordance with the Business Day
Convention.
(iii)
Business Day Convention:
Following Business Day Convention
(iv)
Business Day(s):
London
Additional Business Centre(s):
Not Applicable
(v)
Fixed Coupon Amount:
£48.75 per Calculation Amount
(vi)
Broken Amount(s):
Not Applicable
(vii)
Day Count Fraction:
Actual/365 (fixed) (not adjusted)
(viii)
Determination Dates:
30 March in each year on and from 30 March 2013
(ix)
Other terms relating to the method
Not Applicable
of calculating interest for Fixed Rate
Covered Bonds:
16.
Floating Rate Covered Bond Provisions:
Not Applicable (save as set out in item 11 above)
17.
Zero Coupon Covered Bond Provisions:
Not Applicable
18.
Index Linked Interest Covered Bond and other
Not Applicable
Variable Interest Covered Bond (Index Linked
Interest Covered Bonds, Credit Linked Interest
Covered Bonds, Equity Linked Interest
Covered Bonds, Currency Linked Covered
Bonds, Dual Currency Linked Covered Bonds)
Provisions:

PROVISIONS RELATING TO REDEMPTION
19.
Issuer Call Option:
Not Applicable
20.
Investor Put Option:
Not Applicable

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21.
Final Redemption Amount:
Nominal Amount
22.
Index Linked Redemption Covered Bonds:
Not Applicable
23.
Equity Linked Redemption Covered Bonds:
Not Applicable
24.
Relevant Assets:
Not Applicable
25.
Additional Disruption Events:
Not Applicable
26.
Currency Linked Covered Bonds:
Not Applicable
27.
Dual Currency Linked Covered Bonds:
Not Applicable
28.
Early Redemption Amount:

Early Redemption Amount(s) payable on
Condition 6.7 applies
redemption for (a) taxation reasons or on event
of default or other early redemption (b) in the
case of Index Linked Redemption Covered
Bonds, following an Index Adjustment Event,
as set out in these Final Terms or (c) in the
case of Equity Linked Redemption Covered
Bonds, following certain corporate events as
set out in these Final Terms or (d) in the case
of Index Linked Redemption Covered Bonds
or Equity Linked Redemption Covered Bonds,
following an Additional Disruption Event (if
applicable) as set out in these Final Terms,
and/or the method of calculating the same (if
required or if different from that set out in the
Conditions):
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
29.
Form of Covered Bonds:
Bearer Covered Bonds:

Temporary Global Covered Bond exchangeable for a
Permanent Global Covered Bond which is
exchangeable for Definitive Covered Bonds only
upon an Exchange Event
30.
New Global Covered Bond:
Yes
31.
Financial Centre(s) or other special provisions
Not Applicable
relating to payment dates:
32.
Talons for future Coupons or Receipts to be
No
attached to Definitive Covered Bonds (and
dates on which such Talons mature):
33.
Details relating to Partly Paid Covered Bonds:
Not Applicable
amount of each payment comprising the Issue
Price and date on which each payment is to be
made and consequences (if any) of failure to
pay, including any right of the Bank to forfeit
the Covered Bonds and interest due on late
payment:
34.
Details relating to Instalment Covered Bonds:
Not Applicable
amount of each instalment, date on which each
payment is to be made:
35.
Redenomination,
renominalisation
and
Not Applicable
reconventioning provisions:
36.
Consolidation provisions:
Not Applicable

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37.
Additional U.S. Federal Tax Considerations:
Not Applicable
38.
Other final terms:
Not Applicable
DISTRIBUTION

Banco Santander, S.A., Goldman Sachs International
39.
If syndicated, names of Managers:
and Lloyds Bank plc as the Joint Lead Managers;
Barclays Bank PLC, HSBC Bank plc, The Royal
Bank of Scotland plc and UBS Limited as the Co-
managers and together with the Joint Lead
Managers, the Managers
40.
Date of Subscription Agreement:
29 March 2012
41.
Stabilising Manager(s) (if any):
Not applicable
42.
If non-syndicated, name of Dealer:
Not applicable
43.
U.S. Selling Restrictions:
TEFRA D
Until the expiry of the period of 40 days after the
date of these amended and restated Final Terms,
sales may not be made in the United States or to U.S.
persons unless made pursuant to Rule 903 or 904 of
Regulation S under the Securities Act.
44.
Additional selling restrictions:
In addition to those set out in the section entitled
Subscription and Sale and Transfer and Selling
Restrictions in the Prospectus:
United Arab Emirates (excluding the Dubai
International Financial Centre)
Each Manager has represented and agreed that the
Series 2012-16 Covered Bonds have not been and
will not be offered, sold or publicly promoted or
advertised by it in the United Arab Emirates other
than in compliance with any laws applicable in the
United Arab Emirates governing the issue, offering
and sale of securities.
Each
Manager
has
acknowledged
that
the
information contained in the Prospectus and these
Final Terms does not constitute a public offer of
securities in the United Arab Emirates in accordance
with the Commercial Companies Law (Federal Law
8 of 1984 (as amended)) or otherwise and is not
intended to be a public offer and the information
contained in the Prospectus and these Final Terms is
not intended to lead to the conclusion of any contract
of whatsoever nature within the territory of the
United Arab Emirates.
Dubai International Financial Centre
Each Manager has represented and agreed that it
has not offered and will not offer the Series 2012-16
Covered Bonds to any person in the Dubai
International Financial Centre unless such offer is:
(a) an "Exempt Offer" in accordance with the
Offered Securities Rules of the Dubai Financial
Services Authority (the DFSA); and
(b) made only to persons who meet the Professional

4

Client criteria set out in Rule 2.3.2 of the DFSA
Conduct of Business Module.
Switzerland
This document is not intended to constitute an offer
or solicitation to purchase or invest in the Covered
Bonds described herein. The Covered Bonds may not
be publicly offered, sold or advertised, directly or
indirectly, in or from Switzerland. Neither the Series
2012-16 Final Terms nor any other offering or
marketing material relating to the Covered Bonds
constitutes a prospectus as such term is understood
pursuant to article 652a or article 1156 of the Swiss
Federal Code of Obligations or a listing prospectus
within the meaning of the listing rules of SIX Swiss
Exchange Ltd or any other regulated trading facility,
and neither the Covered Bonds nor any other
offering or marketing material relating to the
Covered Bonds may be publicly distributed or
otherwise made publicly available in Switzerland.
Austria
No prospectus has been or will be approved and/or
published pursuant to the Austrian Capital Markets
Act (Kapitalmarktgesetz) as amended. Neither this
document nor any other document connected
therewith constitutes a prospectus according to the
Austrian Capital Markets Act and neither this
document nor any other document connected
therewith may be distributed, passed on or disclosed
to any other person in Austria, save as specifically
agreed with the Co-managers. No steps may be taken
that would constitute a public offering of the Series
2012-16 Covered Bonds in Austria and the offering
of the Series 2012-16 Covered Bonds may not be
advertised in Austria. Each Co-manager has
represented and agreed that it will offer the Series
2012-16 Covered Bonds in Austria only in
compliance with the provisions of the Capital
Markets Act and all other laws and regulations in
Austria applicable to the offer and sale of the Series
2012-16 Covered Bonds in Austria.
45.
Additional United States Tax Considerations:
Not Applicable

5

PART B -- OTHER INFORMATION

1.
LISTING
Application has been made by the Issuer (or on its
Listing:
behalf) for the 2012-16 Covered Bonds to be admitted
to the Official List of the UK Listing Authority with
effect from 30 March 2012.
Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the 2012-16 Covered Bonds to be admitted
to trading on the London Stock Exchange's Regulated
Market with effect from 30 March 2012.
Estimate of total expenses related to
£3,650
admission to trading:

2.
RATINGS
Ratings:
The Covered Bonds are expected upon issue to be
rated:

Fitch: AAA

Moody's: Aaa

Each of Fitch and Moody's is established in the
European Union and is registered under Regulation
(EC) No. 1060/2009 (the CRA Regulation).
In general, European regulated investors are restricted
from using a rating for regulatory purposes, unless
such ratings are issued by a credit rating agency
established in the EU and registered under the CRA
Regulation (and such registration has not been
withdrawn or suspended), subject to transitional
provisions that apply in certain circumstances whilst
the registration application is pending.

3.
COVERED BOND SWAP:
Covered Bond Swap Provider:
Lloyds Bank plc
Nature of Covered Bond Swap:
Non-Forward Starting

4.
NOTIFICATION
The United Kingdom Financial Services Authority has provided the Issuer with a certificate of
approval attesting that the Prospectus has been drawn up in accordance with the Prospectus Directive.
5.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fee payable to the Managers and as discussed in "Subscription and Sale and Transfer and
Selling Restrictions", so far as the Issuer and LLP are aware, no person involved in the offer of the
Covered Bonds has an interest material to the offer except:
An affiliate of Goldman Sachs International is an initial purchaser of the Covered Bonds. Such affiliate
may distribute the Covered Bonds to the market as permitted by applicable laws and regulations, but
will be under no obligation to do so.

7