0000950103-12-003237.txt : 20120625 0000950103-12-003237.hdr.sgml : 20120625 20120625170440 ACCESSION NUMBER: 0000950103-12-003237 CONFORMED SUBMISSION TYPE: 424B5 PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20120625 DATE AS OF CHANGE: 20120625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lloyds Banking Group plc CENTRAL INDEX KEY: 0001160106 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: 424B5 SEC ACT: 1933 Act SEC FILE NUMBER: 333-167844 FILM NUMBER: 12925068 BUSINESS ADDRESS: STREET 1: 25 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7HN BUSINESS PHONE: 44 0 20 7626 1500 MAIL ADDRESS: STREET 1: 25 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7HN FORMER COMPANY: FORMER CONFORMED NAME: LLOYDS TSB GROUP PLC DATE OF NAME CHANGE: 20010926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LLOYDS TSB BANK PLC CENTRAL INDEX KEY: 0001167831 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: 424B5 SEC ACT: 1933 Act SEC FILE NUMBER: 333-167844-01 FILM NUMBER: 12925069 BUSINESS ADDRESS: STREET 1: 25 GRESHAM STREET STREET 2: LONDON EC2V 7HN CITY: UNITED KINGDOM STATE: X0 ZIP: 00000 BUSINESS PHONE: 442076261500 MAIL ADDRESS: STREET 1: 25 GRESHAM STREET STREET 2: LONDON EC2V 7HN CITY: UNITED KINGDOM STATE: X0 ZIP: 00000 424B5 1 dp31281_424b5-63.htm FORM 424B5
 
The information in this preliminary pricing supplement is not complete and may be changed.  A registration statement relating to the securities has been filed with the Securities and Exchange Commission.  This preliminary pricing supplement is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale of securities is not permitted.
Subject to Completion, dated June 25, 2012
Preliminary Pricing Supplement No. 63
(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
June 25, 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
53944XCQ6/
US53944XCQ60
$
Per Note:
$1,000
$12.50
$987.50
Fixed
4.10% per annum
Semi-annually
30/360
Following, unadjusted, New York and London
7/6/2022
1/6/2013
$20.50 (per $1,000 Note)
Yes
Senior Unsecured
Total:
$
$
$
Redemption Information: Non-Callable

Selling Agent: Barclays Capital Inc.
 
(1)  The proceeds you might expect to receive if you were able to resell the Notes on the Issue Date are expected to be less than the issue price.  This is because the issue price includes the selling agent’s commission set forth above and also reflects certain hedging costs associated with the Notes.  For additional information, see “Risk Factors — The issue price of the notes has certain built-in costs, including the selling agent’s commission and our cost of hedging, both of which are expected to be reflected in secondary market prices” on page S-3 of the accompanying prospectus supplement.  The issue price also does not include fees that you may be charged if you buy the Notes through your registered investment advisers for managed fee-based accounts.
 
(2)  The Selling Agent may retain all or a portion of this commission or use all or a portion of this commission to pay selling concessions or fees to other dealers.  See “Supplemental Plan of Distribution” on page S-26 of the accompanying prospectus supplement.
 

 
Lloyds TSB Bank plc
 
fully and unconditionally
guaranteed by
 
Lloyds Banking Group plc
 
Retail Notes, Series B
Offering Dates:
June 25, 2012 through July 2, 2012
Notes:
Retail Notes, Series B
Trade Date:
July 2, 2012
Issuer:
Lloyds TSB Bank plc (“Lloyds Bank”)
Issue Date:
July 6, 2012
Guarantor:
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 6th day of each July and January (each an “Interest Payment Date”) beginning on (and including) January 6, 2013 and ending on  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. On June 21 2012, as part of a ratings review of 114 European financial institutions announced in February 2012, a leading ratings agency downgraded the longer-term senior debt and deposit ratings of the Group and Lloyds Bank by one notch. The ratings agency further announced that the outlook is stable on Lloyds Bank's standalone credit assessment and negative on the senior debt and deposit ratings, reflecting the ratings agency's medium-term view of lower systemic support for UK banks. For more detail on credit ratings risks see "Risk Factors - Risks relating to the notes - You are subject to the credit risk of Lloyds Bank and LBG and their credit ratings and and credit spreads may adversely affect the notes" in the prospectus supplement and  “2011 20-F Risk Factors – Financial Soundness Related Risks," in particular “– The Group’s borrowing costs and access to the capital markets is dependent on a number of factors, and increased costs or reduction in access could materially adversely affect the Group’s results of operations, financial condition and prospects.”
 
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
 
You may revoke your offer to purchase the Notes at any time prior to the time at which your offer is accepted on the Trade Date by notifying the Selling Agent.  Lloyds Bank has the right to change the terms of, or reject any offer to purchase the Notes in whole or in part.  The Selling Agent also has the right to reject any offer it solicited to purchase the Notes.  In the event of any changes to the terms of the Notes, Lloyds Bank or the Selling Agent will notify you and you will be asked to accept such changes in connection with your purchase.  You may also choose to reject such changes in which case your offer to purchase the Notes may be rejected.
 
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.
 

……., 2012
 
 

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