Obligation Llyods Bank 2.125% ( XS2031976082 ) en USD

Llyods Bank

100 % ▼

Royaume-Uni

XS2031976082 ( en USD )

2.125% par an ( paiement semestriel )

24/07/2022 - Obligation échue

Prospectus brochure de l'obligation Lloyds Bank XS2031976082 en USD 2.125%, échue

200 000 USD

1 000 000 000 USD

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 Lloyds Bank (XS2031976082), émise au Royaume-Uni pour un montant total de 1 000 000 000 USD, avec un taux d'intérêt de 2,125%, une taille minimale d'achat de 200 000 USD et une fréquence de paiement semestrielle, est arrivée à échéance le 24 juillet 2022 et a été intégralement remboursée à son prix nominal de 100%.

FINAL TERMS
23 July 2019
Lloyds Bank plc
Legal entity identifier (LEI): H7FNTJ4851HG0EXQ1Z70
Issue of Regulated U.S.$1,000,000,000 Series 2019-5 2.125 per cent. Fixed Rate Covered Bonds due July 2022
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counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended or superseded,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), 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:
2019-5

(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
be consolidated and form a single Series

1

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.$1,000,000,000
issued:
5.
Aggregate Nominal Amount of Covered Bonds U.S.$1,000,000,000
admitted to trading:
(i)
Series:
U.S.$1,000,000,000
(ii)
Tranche:
U.S.$1,000,000,000
6.
Issue Price:
99.821 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.$1,000
8.
(i)
Issue Date:
24 July 2019
(ii)
Interest Commencement Date:
Issue Date
(iii)
A$ Record Date:
Not Applicable
9.
(i)
Final Maturity Date:
24 July 2022
(ii)
Extended Due for Payment Date of 24 July 2023
Guaranteed Amounts corresponding to

the Final Redemption Amount under the
Covered Bond Guarantee:
10.
Interest Basis:
2.125 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 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
Specified Interest Payment Dates: 24th 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 24 August 2022.
Interest Basis: 1 Month U.S.$ LIBOR +0.36 per cent. per
annum Floating Rate
Business Day Convention: Modified Following Business
Day Convention
Party responsible for calculating the Rate(s) of Interest
and Interest Amount(s) (if not the Principal Paying
Agent): Not Applicable
Screen Rate Determination: Applicable Term Rate

2

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.$ LIBOR01
Business Day(s): London
Additional Business Centre(s): New York
Day Count Fraction: Actual/360
13.
Put/Call Options:
Not Applicable
14.
Date Board approval for issuance of Covered 28 November 2018 in respect of the Issuer and 19 July
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
Inter est
Commencement Date to but excluding the Final Maturity
Date
(i)
Fixed Rate(s) of Interest:
2.125 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 24 January 2020
and thereafter 24 January and 24 July 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$10.625 per Calculation Amount
(vii)
Initial Broken Amount(s):
Not Applicable
(viii)
Final Broken Amount:
Not Applicable
(ix)
Day Count Fraction:
30/360, unadjusted
(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 FCA with effect from 24 July 2019
(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, Standard Chartered Bank 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:
XS2031976082
(ii)
Common Code:
203197608
(iii)
CFI Code:
DAFNFB, 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/2.125EMTN 20230724, 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,
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)

5

Indication of yield:
2.187 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.
6.
RELEVANT BENCHMARKS
U.S.$ LIBOR is provided by ICE Benchmark
Administration Limited. As at the date hereof, ICE
Benchmark Administration Limited appears 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.

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