By Angela McDaniels
Tacoma, Wash., July 19 - Lloyds TSB Bank plc priced $22 million of senior fixed-to-floored floating-rate notes due July 20, 2017, according to a 424B5 filing with the Securities and Exchange Commission.
Barclays Capital Inc. is the agent.
The interest rate is 4.25% for the first year. Beginning July 20, 2013, the interest rate will be Libor plus 125 basis points, subject to a minimum interest rate of 2% per year. Interest is payable quarterly.
The payout at maturity will be par.
| Issuer: | Lloyds TSB Bank plc
|
| Guarantor: | Lloyds Banking Group plc
|
| Issue: | Senior fixed-to-floored floating-rate notes
|
| Amount: | $22 million
|
| Maturity: | July 20, 2017
|
| Coupon: | 4.25% for first year; beginning July 20, 2013, Libor plus 125 bps, subject to minimum interest rate of 2% per year; payable quarterly
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Pricing date: | July 17
|
| Settlement date: | July 20
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.75%
|
| Cusip: | 5394E8BC2
|
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