Obbligazione Llyods Bank 3.375% ( XS1907146671 ) in USD

Llyods Bank

100 USD ▼

Regno Unito

XS1907146671 ( in USD )

3.375% per anno ( pagato 2 volte l'anno)

15/11/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Lloyds Bank XS1907146671 in USD 3.375%, scaduta

200 000 USD

750 000 000 USD

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

The Obbligazione issued by Llyods Bank ( United Kingdom ) , in USD, with the ISIN code XS1907146671, pays a coupon of 3.375% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/11/2021

FINAL TERMS
14 November 2018
Lloyds Bank plc
Legal entity identifier (LEI): H7FNTJ4851HG0EXQ1Z70
Issue of Regulated U.S.$750,000,000 3.375 per cent. Series 2018-5 Covered Bonds due November 2021
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 and 25 October 2018 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, the Prospectus and the
supplemental prospectuses dated 1 May 2018, 2 August 2018 and 25 October 2018. 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:
2018-5
(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
1

be consolidated and form a single Series
with the Series specified above;

3.
Specified Currency or Currencies:
U.S. Dollars (U.S.$)
4.
Aggregate Amount of Covered Bonds to be U.S.$750,000,000
issued:
5.
Aggregate Nominal Amount of Covered Bonds U.S.$750,000,000
admitted to trading:
(i)
Series:
2018-5
(ii)
Tranche:
1
6.
Issue Price:
99.723 per cent. of the aggregate nominal amount
7.
(i)
Specified Denominations:
U.S.$200,000 and integral multiples of U.S.$1,000 in
excess thereof.

(ii)
Calculation Amount:
U.S.$1,000

8.
(i)
Issue Date:
15 November 2018
(ii)
Interest Commencement Date:
Issue Date
9.
(i)
Final Maturity Date:
15 November 2021

(ii)
Extended Due for Payment Date of 15 November 2022
Guaranteed Amounts corresponding to
the Final Redemption Amount under the
Covered Bond Guarantee:
10.
Interest Basis:
See 16 below.

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 U.S.$ LIBOR + 0.32 per cent. per
annum Floating Rate
Screen Rate Determination: Applicable
Reference Rate: 1 Month U.S.$ LIBOR
Relevant Financial Centre: London, New York
Interest Determination Date(s):
Two London Business
Days prior to the start of each Interest Period
Relevant Screen Page: Reuters U.S.$ LIBOR 01
Specified Interest Payment Dates: 15th 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 15 December 2021
Business Day Convention: Modified Following Business
Day Convention
Business Day(s): London

2

Additional Business Centre(s): New York
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 (adjusted)
13.
Put/Call Options:
Not Applicable
14.
Date Board approval for issuance of Covered 29 November 2017 in respect of the Issuer and 12
Bonds and Covered Bond Guarantee obtained:
November 2018 in respect of the LLP
15.
Listing:
London
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.

Fixed Rate Covered Bond Provisions
Applicable
(i)
Fixed Rate(s) of Interest:
3.375 per cent. per annum payable semi-annually in arrear
on each Interest Payment Date
(ii)
Interest Payment Date(s):
The first Interest Payment Date will be 15 May 2019 and
thereafter 15 May and 15 November 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
(v)
Additional Business Centre(s):
New York
(vi)
Fixed Coupon Amount(s):
U.S$16.875 per Calculation Amount
(vii)
Initial Broken Amount(s):
Not Applicable
(viii)
Final Broken Amount:
Not Applicable
(ix)
Day Count Fraction:
30/360 (not adjusted)
(x)
Determination Dates:
Not Applicable
17.
Floating Rate Covered Bond Provisions
Applicable from and including the Final Maturity Date to
but excluding the Extended Due for Payment Date
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
U.S.$1,000 per Calculation Amount
22.
Early Redemption Amount

Early Redemption Amount(s) payable on U.S.$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
15 November 2018
(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.
HSBC Bank plc, Lloyds Bank Corporate Markets plc, RBC Europe Limited and The Toronto-Dominion Bank
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:
XS1907146671
(ii)
Common Code:
190714667
(iii)
CFI Code:
DMXXXB
(iv)
FISN:
LLOYDS BANK PLC/3.375EMTN 20211115
(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, 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
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)

Indication of yield:
3.473 per cent. The yield is calculated at the Issue Date on
the basis of the Issue Price. It is not an indication of future
yield.

5