Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 44

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 44
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 a supplemental indenture or amendment.

By acquiring any of the notes, each holder of the notes shall be deemed to have (a) consented to the exercise of any Dutch Bail-in Power as it may be imposed without any prior notice by the relevant resolution authority of its decision to exercise such power with respect to the relevant notes and (b) authorized, directed and
requested DTC and any direct participant in DTC or other intermediary through which it holds the relevant notes to take any and all necessary action, if required, to implement the exercise of any Dutch Bail-in
Power with respect to the relevant notes as it may be imposed, without any further action or direction on the part of such holder or the trustee.

Under the terms of the notes, the exercise of the Dutch Bail-in Power by the relevant resolution
authority with respect to the relevant notes will not be an Event of Default (as defined in the Indenture) under the Indenture or the notes.

Redemption

The Issuer may redeem the
notes of any series in whole, but not in part, upon the occurrence of (i) the applicable Call Date, (ii) at least 75% of the aggregate principal amount of the applicable series of notes issued having been redeemed or purchased and
cancelled, (iii) in certain circumstances where “Additional Amounts”,

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as such term is defined in the accompanying prospectus and further described in the section entitled “— Payment of Additional Amounts” herein would be required to be paid, or (iv) a Loss Absorption Disqualification Event (where such Loss Absorption Disqualification Event is continuing), in each case at 100% of their respective principal amount, plus accrued and unpaid interest to the redemption date (including Additional Amounts, if any). See “Description of Notes — Redemption — Optional Tax and Regulatory Redemption” below. Optional Tax and Regulatory Redemption This section is intended to replace, in respect of the notes, the section entitled “Description of Debt Securities — Optional Tax and Regulatory Redemption” in the accompanying prospectus. We may redeem each series of notes in whole, but not in part, at our option at any time upon giving notice to holders of the relevant notes as set out in “Description of Notes — Redemption — Notice of Redemption” below, at a redemption price equal to the principal amount of such notes plus any Additional Amounts due as a result of any withheld tax, if:

| (1) | we would be required to pay Additional Amounts, as explained in the