Obligation Llyods Bank 0% ( XS1746882734 ) en GBP

Llyods Bank

100 % ⇌

Royaume-Uni

XS1746882734 ( en GBP )

10/01/2022 - Obligation échue

Prospectus brochure de l'obligation Lloyds Bank XS1746882734 en GBP 0%, échue

100 000 GBP

1 250 000 000 GBP

Lloyds Banking Group est une société financière britannique fournissant des services bancaires de détail, commerciaux et de gestion de patrimoine à travers ses marques, dont Lloyds Bank, Halifax et Bank of Scotland.

L'Obligation émise par Llyods Bank ( Royaume-Uni ) , en GBP, avec le code ISIN XS1746882734, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 10/01/2022

EXECUTION VERSION
FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Covered Bonds are not intended to
be offered, sold or otherwise made available to and 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 Directive
2014/65/EU as amended (MiFID II); (ii) a customer within the meaning of Directive 2002/92/EC (IMD),
where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of
MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the Prospectus
Directive). 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.
9 January 2018
Lloyds Bank plc
Issue of Regulated £1,250,000,000 Series 2018-1 Floating Rate Covered Bonds due January 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
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 30 March 2017 and the supplemental prospectuses
dated 27 April 2017, 27 July 2017 and 25 October 2017 (the Prospectus) which constitutes 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 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:
2018-1
(ii)
Tranche Number:
1
(iii)
Series which Covered Bonds will
Not Applicable
be consolidated and form a single
Series with:
(iv)
Date on which the Covered Bonds
Not Applicable
will be consolidated and form a

single Series with the Series
specified above;
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
£1,250,000,000
Bonds admitted to trading:

1

(i)
Series:
2018-1
(ii)
Tranche:
1
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:
10 January 2018
(ii)
Interest Commencement Date:
Issue Date
9.
(i)
Final Maturity Date:
Interest Payment Date falling in or nearest to 10
January 2021
(ii)
Extended Due for Payment Date of
Interest Payment Date falling in or nearest to 10
Guaranteed
Amounts
January 2022
corresponding
to
the
Final
Redemption Amount under the
Covered Bond Guarantee:
10.
Interest Basis:
3 Month GBP LIBOR +0.16 per cent. Floating Rate
from and including the Issue Date to but excluding
the Final Maturity Date
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 GBP LIBOR +0.16 per cent.
per annum Floating Rate.
Interest Payment Dates: 10th day of each month,
from and including 10 February 2021, 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: The first day of each
relevant Interest Period
Relevant Screen Page: Reuters Screen LIBOR01 (or
any replacement thereto)
13.
Put/Call Options:
Not Applicable
14.
Date of Board approval for issuance of
29 November 2017 in respect of the Issuer and 8th
Covered
Bonds
and
Covered
Bond
January 2018 in respect of the LLP
Guarantee obtained:

15.
Listing:
London
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Covered Bond Provisions
Not Applicable

2

17.
Floating Rate Covered Bond Provisions
Applicable
(i)
Specified
Interest
Payment
10 April, 10 July, 10 October and 10 January of each
Date(s):
year, to and including the Final Maturity Date. The
first Interest Payment Date shall be 10 April 2018.
(ii)
Business Day Convention:
Modified Following Business Day Convention
(iii)
Additional Business Centre(s):
Not Applicable
(iv)
Manner in which the Rate(s) of
Screen Rate Determination
Interest is/are to be determined:
(v)
Party responsible for calculating
Not Applicable
the Rate(s) of Interest and Interest
Amount(s) (if not the Principal
Paying Agent):
(vi)
Screen Rate Determination:
Applicable
- Reference Rate and Relevant Reference Rate: 3 Month GBP LIBOR in respect of
Financial Centre:
the Specified Currency
Relevant Financial Centre: London
- Interest
Determination
The first day of each relevant Interest Period
Date(s):

- Relevant Screen Page:
Reuters Screen LIBOR01 (or any replacement
thereto)
(vii)
ISDA Determination:
Not Applicable
(viii)
Margin(s):
+0.16 per cent. per annum
(ix)
Minimum Rate of Interest:
Zero per cent. per annum
(x)
Maximum Rate of Interest:
Not Applicable
(xi)
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

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
Not Applicable

3

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
£3,650
to 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, HSBC Bank plc, Lloyds Bank plc and RBC Europe
Limited 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:
XS1746882734
(ii)
Common Code:
174688273

(iii)
(Insert here any other relevant
Not Applicable
codes such as CUSIP AND CINS
codes):
(iv)
Any clearing system(s) other than
Not Applicable
Euroclear Bank S.A./N.V. and
Clearstream
Banking,
société
anonyme
and
the
relevant
identification number(s):
(v)
Names and addresses of additional
Not Applicable
Paying Agents
(vi)
Intended to be held in a manner
Yes. Note that the designation "yes" means that the
which would allow Eurosystem
Covered Bonds are intended upon issue to be
eligibility:
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that the
Covered Bonds will be recognised 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 satisfaction of the
Eurosystem eligibility criteria.

5