New Issue: Lloyds prices $5.65 million callable step-up fixed-rate notes via UBS

By Toni Weeks

San Diego, July 25 - Lloyds TSB Bank plc priced $5.65 million floating-rate notes due July 27, 2018 via UBS Securities LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The coupon will be 3.5% for the first three years. It will step up to 4% on July 27, 2014 and to 5.5% on July 27, 2017. Interest is payable semiannually.

The notes are callable at par after three years.

The payout at maturity will be par.

Issuer:	Lloyds TSB Bank plc
Issue:	Callable step-up fixed-rate notes
Amount:	$5.65 million
Maturity:	July 27, 2018
Coupon:	Initially 3.5%; steps up to 4% on July 27, 2014 and to 5.5% on July 27, 2017; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on each interest date beginning July 27, 2014
Pricing date:	July 22
Settlement date:	July 27
Agent:	UBS Securities LLC
Fees:	1.25%
Cusip:	5394E8AA7

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