New Issue: Lloyds prices $4 million range accrual notes linked to Libor, S&P 500

By Jennifer Chiou

New York, July 19 - Lloyds TSB Bank plc priced $4 million of callable six-month Libor and S&P 500 index range accrual notes due July 26, 2028, according to a 424B5 filing with the Securities and Exchange Commission.

Barclays is the agent.

The coupon will accrue at 7% for each day that the index closes at or above 1,250 and six-month Libor is 6% or less. Interest is payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after five years.

Issuer:	Lloyds TSB Bank plc
Issue:	Callable six-month Libor and S&P 500 index range accrual notes
Amount:	$4 million
Maturity:	July 26, 2028
Coupon:	7% annualized for each index closes at or above 1,250 and six-month Libor is 6% or less; payable quarterly
Price:	Variable
Payout at maturity:	Par
Call option:	At par on interest payment date beginning on July 26, 2018
Pricing date:	July 18
Settlement date:	July 26
Agent:	Barclays
Fees:	5%
Cusip:	5394E8BW8

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