Obbligazione Lloyds Bank PLC 0.125% ( XS2054600718 ) in EUR

Lloyds Bank PLC

100 EUR ⇌

Regno Unito

XS2054600718 ( in EUR )

0.125% per anno ( pagato 1 volta l'anno)

23/09/2029 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Lloyds Bank PLC XS2054600718 in EUR 0.125%, scaduta

Lloyds Banking Group plc è una delle maggiori istituzioni finanziarie del Regno Unito, offrendo una vasta gamma di servizi bancari al dettaglio e commerciali, gestione patrimoniale e assicurazioni.

The Obbligazione issued by Lloyds Bank PLC ( United Kingdom ) , in EUR, with the ISIN code XS2054600718, pays a coupon of 0.125% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 23/09/2029

FINAL TERMS
20 September 2019
Lloyds Bank plc
Legal entity identifier (LEI): H7FNTJ4851HG0EXQ1Z70
Issue of Regulated 750,000,000 Series 2019-6 0.125 per cent. Fixed Rate Covered Bonds due September 2029
irrevocably and unconditionally guaranteed as to payment of principal and interest by
Lloyds Bank Covered Bonds LLP
under the 60 billion
Global Covered Bond Programme
MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY TARGET
MARKET Solely for the purposes of the manufacturer's product approval process, the target market assessment in
respect of the Covered Bonds has led to the conclusion that: (i) the target market for the Covered Bonds is eligible
counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended or superseded,
MiFID II); and (ii) all channels for distribution of the Covered Bonds to eligible counterparties and professional clients
are appropriate. Any person subsequently offering, selling or recommending the Covered Bonds (a distributor) should
take into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market assessment in respect of the Covered Bonds (by either adopting or
refining the manufacturers' target market assessment) and determining appropriate distribution channels.
IMPORTANT - PROHIBITION OF SALES TO EEA RETAIL INVESTORS: The Covered Bonds are not
intended to be offered, sold or otherwise made available to and, with effect from such date, should not be offered, sold
or otherwise made available to any retail investor in the European Economic Area (EEA). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II or
(ii) a customer within the meaning of Directive 2002/92/EC (as amended or superseded, the Insurance Mediation
Directive), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of
MiFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended or
superseded, the PRIIPs Regulation) for offering or selling the Covered Bonds or otherwise making them available to
retail investors in the EEA has been prepared and therefore offering or selling the Covered Bonds or otherwise making
them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
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 8 May 2019 and the supplemental prospectuses dated 31 July 2019 and 10
September 2019 which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive
2003/71/EC) (as amended or superseded, which includes the amendments made by Directive 2010/73/EU to the effect
that such amendments have been implemented in a relevant Member State) (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. 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 Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN and
www.lloydsbankinggroup.com 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:
2019-6
(ii)
Tranche Number:
1
(iii)
Series which Covered Bonds will be Not Applicable
consolidated and form a single Series
with:
(iv)
Date on which the Covered Bonds will Not Applicable
be consolidated and form a single Series
with the Series specified above;

1

3.
Specified Currency or Currencies:
Euro ()
4.
Aggregate Amount of Covered Bonds to be 750,000,000
issued:
5.
Aggregate Nominal Amount of Covered Bonds
admitted to trading:
(i)
Series:
750,000,000
(ii)
Tranche:
750,000,000
6.
Issue Price:
98.816 per cent. of the aggregate nominal amount
7.
(i)
Specified Denominations:
100,000 and integral multiples of 1,000 in excess
thereof up to and including 199,000. No Covered Bonds
in definitive form will be issued with a denomination
above 199,000.
(ii)
Calculation Amount:
1,000
8.
(i)
Issue Date:
23 September 2019
(ii)
Interest Commencement Date:
Issue Date
(iii)
A$ Record Date:
Not Applicable
9.
(i)
Final Maturity Date:
Interest Payment Date falling in or nearest to 23
September 2029
(ii)
Extended Due for Payment Date of
Interest Payment Date falling in or nearest to 23
Guaranteed Amounts corresponding to
September 2030
the Final Redemption Amount under the
Covered Bond Guarantee:
10.
Interest Basis:
0.125 per cent. Fixed Rate
11.
Redemption/Payment Basis:
100 per cent. of the nominal value
12.
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 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.
Specified Interest Payment Dates: 23rd day of each
month, from but excluding the Final Maturity Date to and
including the Extended Due for Payment Date, subject to
adjustment in accordance with the Business Day
Convention. The first floating rate Interest Payment Date
shall be 23 October 2029.
Interest Basis: 1 Month EURIBOR +0.28 per cent. per
annum Floating Rate
Business Day Convention: Modified Following Business
Day Convention
Party responsible for calculating the Rate(s) of Interest
and Interest Amount(s) (if not the Principal Paying
Agent): Not Applicable

2

Screen Rate Determination: Applicable Term Rate
Reference Rate: 1 Month EURIBOR in respect of the
Specified Currency
Relevant Financial Centre: Brussels
Interest Determination Date(s): The second day on which
TARGET2 system is open prior to the start of each
Interest Period
Relevant Screen Page: Reuters EURIBOR01
Additional Business Days: London, TARGET2
Day Count Fraction: Actual/360, adjusted
13.
Put/Call Options:
Not Applicable
14.
Date of Board approval for issuance of Covered 28 November 2018 in respect of the Issuer and 18
Bonds and Covered Bond Guarantee obtained:
September 2019 in respect of the LLP
15.
Listing:
London Stock Exchange
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Covered Bond Provisions
Applicable,
from
and
including
the
Interest
Commencement Date to but excluding the Final Maturity
Date
(i)
Fixed Rate(s) of Interest:
0.125 per cent. per annum payable in arrear on each
Interest Payment Date
(ii)
Interest Payment Date(s):
The first Interest Payment Date will be 23 September
2020 and thereafter 23 September in each year up to and
including the Final Maturity Date (provided however that
after the Extension Determination Date, the Interest
Payment Date shall be monthly)
(iii)
Business Day Convention:
Following Business Day Convention
(iv)
Business Day(s):
London, TARGET 2
(v)
Additional Business Centre(s):
Not Applicable
(vi)
Fixed Coupon Amount(s):
1.25 per Calculation Amount
(vii)
Initial Broken Amount(s):
Not Applicable
(viii)
Final Broken Amount:
Not Applicable
(ix)
Day Count Fraction:
Actual/Actual (ICMA)
(x)
Determination Dates:
23 September in each year
17.
Floating Rate Covered Bond Provisions
Not Applicable
18.
Zero Coupon Covered Bond Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
Issuer Call Option
Not Applicable
20.
Investor Put Option
Not Applicable
21.
Final Redemption Amount
1,000 per Calculation Amount
22.
Early Redemption Amount
Early Redemption Amount(s) payable on 1,000 per Calculation Amount
redemption
for
taxation
reasons
or
on
acceleration following an Issuer Event of Default
or an LLP Event of Default:

3

PART B -- OTHER INFORMATION
1.
LISTING
(i)
Admission to trading:
Application is expected to be made by the Issuer (or on its
behalf) for the Covered Bonds to be admitted to trading on
the London Stock Exchange's regulated market and to the
Official List of the UK Listing Authority with effect from
the Issue Date
(ii)
Estimate of total expenses related to £4,790
admission to trading:
2.
RATINGS
Ratings:
The Covered Bonds to be issued have been initially rated:
Fitch: AAA
Moody's: Aaa
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save 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 issue of the Covered Bonds has an interest material to the offer.
Banco Santander, S.A., Landesbank Baden-Württemberg, Lloyds Bank Corporate Markets plc, UBS AG
London Branch, UniCredit Bank AG, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am
Main and Norddeutsche Landesbank Girozentrale and their respective affiliates have engaged and may in
the future engage in investment banking and/or commercial banking transactions with and may perform other
services for the Issuer and/or the LLP and/or it or their affiliates in the ordinary course of business.
4.
OPERATIONAL INFORMATION:
(i)
ISIN:
XS2054600718
(ii)
Common Code:
205460071
(iii)
CFI Code:
DAFNFB, as set out on the website of the Association of
National Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering Agency
that assigned the ISIN
(iv)
FISN:
LLOYDS BANK PLC/.125EMTN 20290923, as set out
on the website of the Association of National Numbering
Agencies (ANNA) or alternatively sourced from the
responsible National Numbering Agency that assigned the
ISIN
(v)
(Insert here any other relevant codes Not Applicable
such as CUSIP and CINS codes):
(vi)
Any clearing system(s) other than Not Applicable
Euroclear
Bank
S.A./N.V.
and
Clearstream Banking, S.A. and the
relevant identification number(s):
(vii)
Intended to be held in a manner which Yes. Note that the designation "yes" simply means that the
would allow Eurosystem eligibility:
Covered Bonds are intended upon issue to be deposited
with one of the ICSDs as common safekeeper and does
not necessarily mean that the Covered Bonds will be
recognized as eligible collateral for Eurosystem monetary
policy and intra day credit operations by the Eurosystem
either upon issue or at any or all times during their life.
Such recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have been
met.
5.
YIELD (Fixed Rate Covered Bonds only)
0.245 per cent. per annum

5

Indication of yield:
The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
6.
RELEVANT BENCHMARKS
EURIBOR is provided by European Money Markets
Institute. As at the date hereof, European Money Markets
Institute appears in the register of administrators and
benchmarks established and maintained by ESMA
pursuant to Article 36 (Register of administrators and
benchmarks) of the Benchmark Regulation.

6