Obligation Lloyds Bank PLC 0.625% ( XS1795392502 ) en EUR

Lloyds Bank PLC

100 % ⇌

Royaume-uni

XS1795392502 ( en EUR )

0.625% par an ( paiement annuel )

26/03/2025 - Obligation échue

Prospectus brochure de l'obligation Lloyds Bank PLC XS1795392502 en EUR 0.625%, échue

Lloyds Banking Group plc est une banque de détail et commerciale britannique, l'un des plus grands prêteurs du Royaume-Uni, offrant une gamme de services financiers incluant les comptes bancaires personnels et commerciaux, les prêts hypothécaires, les investissements et les assurances.

L'Obligation émise par Lloyds Bank PLC ( Royaume-uni ) , en EUR, avec le code ISIN XS1795392502, paye un coupon de 0.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/03/2025

EXECUTION VERSION
FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Covered Bonds are not intended to
be offered, sold or otherwise made available to and 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 Directive
2014/65/EU as amended (MiFID II); (ii) a customer within the meaning of Directive 2002/92/EC (IMD),
where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of
MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the Prospectus
Directive). Consequently no key information document required by Regulation (EU) No 1286/2014 (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.
23 March 2018
Lloyds Bank plc
Issue of Regulated 1,000,000,000 Series 2018-2 0.625 per cent. Fixed Rate Covered Bonds due March
2025
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
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 30 March 2017 and the supplemental prospectuses
dated 27 April 2017, 27 July 2017, 25 October 2017 and 13 March 2018 (the Prospectus) which constitutes a
base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (as amended, 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:
2018-2
(ii)
Tranche Number:
1
(iii)
Series which Covered Bonds will
Not Applicable
be consolidated and form a single
Series with:
(iv)
Date on which the Covered Bonds
Not Applicable
will be consolidated and form a

single Series with the Series
specified above;
3.
Specified Currency or Currencies:
Euro ()
4.
Aggregate Amount of Covered Bonds to be
1,000,000,000
issued:
5.
Aggregate Nominal Amount of Covered
1,000,000,000
Bonds admitted to trading:

1

(i)
Series:
2018-2
(ii)
Tranche:
1
6.
Issue Price:
99.415 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:
26 March 2018
(ii)
Interest Commencement Date:
Issue Date
9.
(i)
Final Maturity Date:
Interest Payment Date falling in or nearest to 26
March 2025
(ii)
Extended Due for Payment Date of
Interest Payment Date falling in or nearest to 26
Guaranteed
Amounts
March 2026
corresponding
to
the
Final
Redemption Amount under the
Covered Bond Guarantee:
10.
Interest Basis:
0.625 per cent. Fixed Rate from and including the
Interest Commencement Date to but excluding the
Final Maturity Date
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 Basis: 1 Month EURIBOR + 0.01 per cent.
per annum Floating Rate.
Screen Rate Determination: Applicable
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
Specified Interest Payment Dates: 26th 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 26 April 2025.
Business Day Convention: Modified Following
Business Day Convention
Additional Business Days: London, TARGET2
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

2

excluding the Extended Due for Payment Date.
Day Count Fraction: Actual/360

13.
Put/Call Options:
Not Applicable
14.
Date of Board approval for issuance of
29 November 2017 in respect of the Issuer and 20
Covered
Bonds
and
Covered
Bond
March 2018 in respect of the LLP
Guarantee obtained:

15.
Listing:
London
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:
0.625 per cent. per annum payable in arrear on each
Interest Payment Date
(ii)
Interest Payment Date(s):
The first Interest Payment Date will be 26 March
2019 and thereafter 26 March 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:
6.25 per Calculation Amount
(vii)
Initial Broken Amount(s):
Not Applicable
(viii)
Final Broken Amount:
Not Applicable
(ix)
Day Count Fraction:
Actual/Actual (ICMA) not adjusted
(x)
Determination Dates:
26 March 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:
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
23.
Form of Covered Bonds
Bearer Covered Bonds:

Temporary Global Covered Bond exchangeable for a
Permanent Global Covered Bond which is
exchangeable for Bearer Definitive Covered Bonds
in definitive form after an Exchange Event

3

PART B -- OTHER INFORMATION
1.
LISTING

(i)
Admission to trading:
Application has been 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
£3,650
to 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 Bilbao Vizcaya Argentaria, S.A., ING Bank N.V., Landesbank Baden-
Württemberg, Lloyds Bank plc, Société Générale, DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main and NORD/LB 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:
XS1795392502
(ii)
Common Code:
179539250

(iii)
(Insert here any other relevant
Not Applicable
codes such as CUSIP AND CINS
codes):
(iv)
Any clearing system(s) other than Not Applicable
Euroclear Bank S.A./N.V. and
Clearstream
Banking,
société
anonyme
and
the
relevant
identification number(s):
(v)
Names and addresses of additional
Not Applicable
Paying Agents
(vi)
Intended to be held in a manner
Yes. Note that the designation "yes" means that the
which would allow Eurosystem Covered Bonds are intended upon issue to be
eligibility:
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that the
Covered Bonds will be recognised 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 satisfaction of the
Eurosystem eligibility criteria.
5.
YIELD (Fixed Rate Covered Bonds only)
0.711 per cent.
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.

5