Obbligazione Lloyd's Banking plc 0.25% ( XS1967590180 ) in EUR

Lloyd's Banking plc

100 EUR ⇌

Germania

XS1967590180 ( in EUR )

0.25% per anno ( pagato 1 volta l'anno)

25/03/2024 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Lloyds Bank PLC XS1967590180 in EUR 0.25%, scaduta

100 000 EUR

1 500 000 000 EUR

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.

Un'analisi approfondita dell'obbligazione con codice ISIN XS1967590180, emessa da Lloyds Bank PLC, uno dei principali istituti bancari del Regno Unito con una lunga e consolidata storia nel settore dei servizi finanziari al dettaglio e commerciali, rivela le sue caratteristiche chiave e il suo ciclo di vita. Originariamente collocata dalla giurisdizione della Germania e denominata in Euro, questa emissione obbligazionaria presentava un tasso d'interesse fisso dello 0.25% e, durante il suo periodo di attività, il suo prezzo di mercato era costantemente al 100%. L'ammontare totale dell'emissione era significativo, pari a 1.500.000.000 EUR, con un taglio minimo di sottoscrizione fissato a 100.000 EUR, rendendola un'opzione tipicamente orientata a investitori istituzionali. La scadenza di questo strumento finanziario era stata programmata per il 25 marzo 2024, con una frequenza di pagamento degli interessi annuale. È fondamentale sottolineare che, in conformità con le sue condizioni, questa obbligazione ha raggiunto la sua data di scadenza e, di conseguenza, è stata interamente rimborsata ai suoi portatori, concludendo così con successo il suo percorso finanziario.

FINAL TERMS
22 March 2019
Lloyds Bank plc
Legal entity identifier (LEI): H7FNTJ4851HG0EXQ1Z70
Issue of Regulated 1,500,000,000 Series 2019-2 0.25 per cent. Fixed Rate Covered Bonds due March 2024
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, 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) (IMD), 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 (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 17 April 2018 and the supplemental prospectuses dated 1 May 2018, 2
August 2018, 25 October 2018 and 15 March 2019 which constitute 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 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:
2019-2

(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

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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
1,500,000,000
issued:
5.
Aggregate Nominal Amount of Covered Bonds

admitted to trading:
(i)
Series:
1,500,000,000
(ii)
Tranche:
1,500,000,000
6.
Issue Price:
99.916 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:
25 March 2019
(ii)
Interest Commencement Date:
Issue Date
9.
(i)
Final Maturity Date:
Interest Payment Date falling in or nearest to 25 March
2024

(ii)
Extended Due for Payment Date of
Interest Payment Date falling in or nearest to 25 March
Guaranteed Amounts corresponding to
2025
the Final Redemption Amount under the

Covered Bond Guarantee:
10.
Interest Basis:
0.25 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 Basis: 1 Month EURIBOR + 0.18 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: 25th 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 25 April 2024.
Business Day Convention: Modified Following Business

2

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 excluding the Extended Due for Payment Date.
Day Count Fraction: Actual/360
13.
Put/Call Options:
Not Applicable
14.
Date Board of approval for issuance of Covered
28 November 2018 in respect of the Issuer and 21 March
Bonds and Covered Bond Guarantee obtained:
2019 in respect of the LLP
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:
0.25 per cent. per annum payable in arrear on each Interest
Payment Date
(ii)
Interest Payment Date(s):
The first Interest Payment Date will be 25 March 2020
and thereafter 25 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(s):
2.50 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:
25 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:

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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
£4,560
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.
Deutsche Bank AG, London Branch, ING Bank N.V., Landesbank Baden-Württemberg, Lloyds Bank
Corporate Markets plc, UBS AG London Branch 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:
XS1967590180
(ii)
Common Code:
1967590180
(iii)
CFI Code:
DMXXXB
(iv)
FISN:
LLOYDS BANK PLC/2.5 EMTN 20240325
(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 SA/NV and Clearstream
Banking,
SA
and
the
relevant
identification number(s):
(vii)
Intended to be held in a manner which
Yes. Note that the designation "yes" simply means that
would allow Eurosystem eligibility:
the 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)
0.267 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.

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