Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 96

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 96
---
 have described the capital securities and the capital securities indenture separately under “Description of Capital Securities.” General The debt securities are not deposit liabilities and are not covered by any compensation scheme, or insured by any governmental body, of the United States, The Netherlands, or any other jurisdiction. Because our assets consist principally of interests in the subsidiaries through which we conduct our businesses, our cash flow and our consequent ability to service our debt, including the debt securities, are largely dependent upon the cash flow and earnings of our subsidiaries, including dividends we receive from some of those subsidiaries. In addition, our right to participate as an equity holder in any distribution of assets of any of our subsidiaries upon the subsidiary’s liquidation or otherwise, and thus the ability of our security holders to benefit from the distribution, is junior to the rights of creditors of the subsidiary, except to the extent that any claim we may have as a creditor of the subsidiary is recognized. In addition, dividends, loans and advances to us from some of our subsidiaries may be restricted by the net capital requirements of our various regulators. We also guarantee certain obligations of some of our subsidiaries; as a result, any liability we may have for our subsidiaries’ obligations could reduce our assets that are available to satisfy our direct creditors, including investors in our securities. The indentures do not limit the amount of debt securities that we may issue. We may issue the debt securities in one or more series, or as units comprised of two or more related series. Your prospectus supplement will describe the specific terms of your debt security, which will include some or all of the following:

| · |     | the title of the series of debt securities; |

-19-

| · |     | whether it is a senior debt security or a subordinated debt security; |

| · |     | any limit on the total principal amount of the debt securities of the same series; |

| · |     | the stated maturity or maturities, if any; |

| · |     | the price at which we will originally issue your debt security, expressed as a percentage of the principal amount of the debt securities of the same series, 
 and the original issue date;                                                                                                                                 |

| · |     | any provisions for “reopening” the offering at a later time to offer additional debt securities having the same terms as your debt security; |

| · |     | the authorized denominations, if other than $1,000 and integral multiples of $1,000; |

| · |     | the specified currency or