Title of Each Class of Securities Offered
|
Maximum Aggregate Offering Price
|
Amount of
Registration Fee(1)
|
Debt Securities
|
$6,632,000
|
$760.03
|
Guarantee of Debt Securities
|
–
|
–(2)
|
Total
|
$6,632,000
|
$760.03
|
(1)
|
Calculated in accordance with Rule 457(r)
|
(2)
|
Pursuant to Rule 475(n), no separate fee is payable with respect to the guarantee
|
Pricing Supplement No. 21
(To Prospectus Supplement dated November 25, 2011
and Prospectus dated December 22, 2010)
|
Filed Pursuant to Rule 424(b)(5)
Registration Nos. 333-167844 and 333-167844-01
February 6, 2012
|
CUSIP/
ISIN
|
Aggregate Principal Amount
|
Price to Public(1)
|
Selling Agent’s
Commission(2)
|
Net Proceeds
|
Interest Type
|
Interest Rate
|
Interest Payment Frequency
|
Day Count Fraction
|
Business Day Convention
|
Maturity Date
|
First Interest Payment Date
|
First
Interest Payment Amount
|
Survivor’s Option
|
Ranking
|
|
53944XAW5/
US53944XAW56
|
$6,632,000
|
Per Note:
|
$1,000
|
$5.50
|
$994.50
|
Fixed
|
3.00% per annum
|
Semi-annually
|
30/360
|
Following, unadjusted, New York and London
|
2/9/2015
|
8/9/2012
|
$15.00 (per $1,000 Note)
|
Yes
|
Senior Unsecured
|
Total:
|
$6,632,000
|
$36,476
|
$6,595,524
|
Redemption Information: Non-Callable
|
Selling Agent: Barclays Capital Inc.
|
![]() Lloyds TSB Bank plc
fully and unconditionally
guaranteed by
Lloyds Banking Group plc
Retail Notes, Series B
|
Offering Dates:
Trade Date:
Issue Date:
|
January 30, 2012 through February 6, 2012
February 6, 2012
February 9, 2012
|
Notes:
Issuer:
Guarantor:
|
Retail Notes, Series B
Lloyds TSB Bank plc (“Lloyds Bank”)
Lloyds Banking Group plc (“LBG”)
|
Minimum Denomination/Increments: $1,000/$1,000
Settlement and Clearance: DTC; Book-Entry
Listing: The Notes will not be listed or displayed on any securities exchange or quotation system.
Survivor’s Option Payment Date: Subject to limitations, each February 15 and August 15 of each calendar year. See “Risk Factors — Any Survivor’s Option may be limited in amount, and any repayments made with respect to the exercise of a Survivor’s Option will not be made immediately” and “Description of the Survivor’s Option” starting on page S-6 and page S-17, respectively, in the accompanying prospectus supplement.
Interest Payment Dates: Interest on the Notes will be paid semi-annually in arrears on the 9th day of each February and August (each an “Interest Payment Date”) beginning on (and including) August 9, 2012 and ending on (but excluding) the Maturity Date or the Survivor’s Option Payment Date, if applicable. For additional information see “Description of the Notes and the Guarantees — Payment of Principal, Interest and Other Amounts Due” starting on page S-10 in the accompanying prospectus supplement.
If an Interest Payment Date, the Maturity Date or the Survivor’s Option Payment Date, if applicable, for any Note is not a business day (as defined in the accompanying prospectus supplement), principal, premium, if any, and interest for that Note will be paid on the next business day, and no additional interest will accrue in respect of such payments made on the next business day.
Any payments due on the Notes, including any repayment of principal, will be subject to the creditworthiness of Lloyds Bank, as the Issuer, and LBG, as the Guarantor of the Issuer’s obligations under the Notes.
LBG and Lloyds Bank have filed a registration statement with the SEC for the offering to which this pricing supplement relates. Before you invest, you should read this pricing supplement together with the prospectus dated December 22, 2010 (the “prospectus”) in that registration statement and other documents, including the more detailed information contained in the prospectus supplement dated November 25, 2011 (the “prospectus supplement”), that LBG and Lloyds Bank have filed with the SEC for more complete information about LBG and Lloyds Bank and this offering. You may access these documents on the SEC website at.www.sec.gov. LBG’s Central Index Key, or CIK, on the SEC website is 1160106 and Lloyds Bank’s CIK on the SEC website is 1167831. The prospectus supplement and the prospectus may be accessed as follows (or if such address has changed, by reviewing LBG’s and Lloyds Bank’s filings for the relevant date on the SEC website):
· prospectus supplement dated November 25, 2011 and prospectus dated December 22, 2010
Investing in the Notes involves significant risks. See “Risk Factors” beginning on page S-3 of the accompanying prospectus supplement.
The Notes are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.
None of the Securities and Exchange Commission, any state securities commission and any other regulatory body has approved or disapproved of these Notes or passed upon the adequacy or accuracy of this pricing supplement, the accompanying prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.
|
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