Obbligazione Lloyd's Banking plc 0.62% ( XS1996336357 ) in GBP

Lloyd's Banking plc

100 GBP ▼

Regno Unito

XS1996336357 ( in GBP )

0.62% per anno ( pagato 4 volte l'anno)

15/05/2024 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Lloyds Bank PLC XS1996336357 in GBP 0.62%, scaduta

100 000 GBP

1 250 000 000 GBP

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.

The Obbligazione issued by Lloyd's Banking plc ( United Kingdom ) , in GBP, with the ISIN code XS1996336357, pays a coupon of 0.62% per year.
The coupons are paid 4 times per year and the Obbligazione maturity is 15/05/2024

FINAL TERMS
15 May 2019
Lloyds Bank plc
Legal entity identifier (LEI): H7FNTJ4851HG0EXQ1Z70
Issue of Regulated £1,250,000,000 Series 2019-3 Floating Rate Covered Bonds due May 2024
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counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended or superseded,
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 or superseded, the Insurance Mediation
Directive), 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 (as amended or
superseded, 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 8 May 2019 which constitutes a base prospectus for the purposes of the
Prospectus Directive (Directive 2003/71/EC) (as amended or superseded, 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:
2019-3

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

1

3.
Specified Currency or Currencies:
Sterling (£)
4.
Aggregate Amount of Covered Bonds to be £1,250,000,000
issued:
5.
Aggregate Nominal Amount of Covered Bonds
admitted to trading:
(i)
Series:
£1,250,000,000
(ii)
Tranche:
£1,250,000,000
6.
Issue Price:
100 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:
16 May 2019
(ii)
Interest Commencement Date:
Issue Date
(iii)
A$ Record Date:
Not Applicable
9.
(i)
Final Maturity Date:
Interest Payment Date falling on or nearest to 16 May
2024
(ii)
Extended Due for Payment Date of
Interest Payment Date falling on or nearest to 16 May
Guaranteed Amounts corresponding to
2025
the Final Redemption Amount under the
Covered Bond Guarantee:
10.
Interest Basis:
SONIA +0.57 per cent. Floating 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: SONIA +0.57 per cent. Floating Rate
Interest Payment Dates: 16th day of each month, from and
including 16 June 2024, to and including the Extended
Due for Payment Date.
Business Days: London.
Business Day Convention: Modified Following Business
Day Convention
Day Count Fraction: Actual/365 (Fixed), adjusted
Screen Rate Determination: Applicable
Interest Determination Dates: Fifth Business Day prior to
the end of each Interest Period
Relevant Screen Page: Reuters Screen SONIA Page (or
any replacement thereto)
Relevant time: 9:00 a.m.
Observation Method: Lag
Observation Look-back Period: Not Applicable
D: 365

2

13.
Put/Call Options:
Not Applicable
14.
Date Board of approval for issuance of Covered 28 November 2018 in respect of the Issuer and 14 May
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
Not Applicable
17.
Floating Rate Covered Bond Provisions
Applicable
(i)
Specified Period(s)/Specified Interest 16 August, 16 November, 16 February and 16 May in
Payment Date(s):
each year (provided however that after the Extension
Determination Date, the Interest Payment Date shall be
monthly), to and including the Final Maturity Date. The
first Interest Payment Date shall be 16 August 2019.
(ii)
Business Day Convention:
Modified Following Business Day Convention
(iii)
Additional Business Centre(s):
Not Applicable
(iv)
Manner in which the Rate(s) of Interest Screen Rate Determination
is/are to be determined:
(v)
Party responsible for calculating the Not Applicable
Rate(s)
of
Interest
and
Interest
Amount(s) (if not the Principal Paying
Agent):
(vi)
Screen Rate Determination:
Applicable Overnight Rate
- Calculation Method
Compounded Daily
- Reference Rate:
SONIA +0.57 per cent. Floating Rate
- Relevant Financial Centre:
London
- Interest Determination Date(s):
Fifth Business Day prior to the end of each Interest Period
- Relevant Screen Page:
Reuters Screen SONIA Page (or any replacement thereto)
- Relevant Time:
9:00 a.m.
- Observation Method:
Lag
- Observation Look-back Period:
Not Applicable
- D
365
(vii)
ISDA Determination:
Not Applicable
(viii)
BBSW Determination:
Not Applicable
(ix)
Margin(s):
+0.57 per cent. per annum
(x)
Minimum Rate of Interest:
Zero per cent. per annum
(xi)
Maximum Rate of Interest:
Not Applicable
(xii)
Day Count Fraction:
Actual/365 (Fixed), adjusted
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

3

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
24.
New Global Covered Bond:
Yes
25.
Additional Financial Centre(s) or other special Not Applicable
provisions relating to payment dates:
26.
Talons for future Coupons or Receipts to be No
attached to Definitive Covered Bonds (and dates
on which such Talons mature):
27.
Details relating to Instalment Covered Bonds:

Instalment Amount(s):
Not Applicable
Instalment Date(s):
Not Applicable
28.
Redenomination:
Not Applicable

Signed on behalf of Lloyds Bank plc
Signed on behalf of Lloyds Bank Covered Bonds LLP

By:
By:
Duly authorised
Duly authorised

4

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 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.
Barclays Bank PLC, Lloyds Bank Corporate Markets plc, RBC Europe Limited and The Toronto-Dominion
Bank and their 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:
XS1996336357
(ii)
Common Code:
199633635
(iii)
CFI Code:
DMXXXB, as set out on the website of the Association of
National Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering Agency
that assigned the ISIN
(iv)
FISN:
LLOYDS BANK PLC/VAREMTN 20240516 RE, as set
out on the website of the Association of National
Numbering Agencies (ANNA) or alternatively sourced
from the responsible National Numbering Agency that
assigned the ISIN
(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, société anonyme 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)

5

Indication of yield:
Not Applicable
6.
RELEVANT BENCHMARKS
SONIA is provided by the Bank of England. As at the
date hereof, the Bank of England does not appear in the

register of administrators and benchmarks established
and maintained by ESMA pursuant to Article 36
(Register of administrators and benchmarks) of the
Benchmark Regulation.

6