Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 28

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 28
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16, 2025. These securities are included in the above table on the line ‘Subordinated loans’, with a total amount of €1,223 million. On February 26, 2025 ING announced it will                                                                                                                                                                       
 redeem two series of outstanding SEC registered securities: the $500 million Callable Floating Rate Senior Notes (CUSIP 456837 BD4 / ISIN US456837BD49) and the $1,250 million 3.869% Callable Fixed-to-Floating Rate Senior Notes (CUSIP 456837 BA0 / ISIN US456837BA00) on their call date of March 28, 2025. Both series are included in the above table on the lines ‘Debt securities in 
 issue’ and ‘Debt securities designated at fair value through profit or loss’, with total amounts of €1,687 million and €15 million, respectively. Other than as set forth herein, there has been no material change since                                                                                                                                                                    
 December 31, 2024 in the capitalization and indebtedness of the Group.                                                                                                                                                                                                                                                                                                                       |

S-24

USE OF PROCEEDS

After deduction of the underwriting compensation stated on the cover of this prospectus supplement and expenses payable by the Issuer
estimated at $ , the net proceeds from the sale of the notes are estimated to be $ . The Issuer intends to use the net proceeds of the offering of the notes for its general corporate purposes.

S-25

DESCRIPTION OF NOTES The following description of the notes supplements the description of the notes in the accompanying prospectus. If this prospectus supplement is inconsistent with the accompanying prospectus, this prospectus supplement will prevail with regard to the notes. Accordingly, to the extent that certain sections in the following description of the notes provide for different terms than in the applicable corresponding sections in the accompanying prospectus, then the sections in the following description shall supersede and replace in their entirety the applicable corresponding sections in the accompanying prospectus. Each of the notes will constitute a series of Senior Debt Securities issued under the Indenture. The terms of the notes include those stated in the Indenture and any supplements thereto, and those terms made part of the Indenture by reference to the Trust Indenture Act. References to “you” and “holder” in the subsections “— Agreement and Acknowledgement with Respect to the Exercise of Dutch Bail-inPower,” “— Subsequent Holders’ Agreement” and “— Payment of Additional Amounts” below, include beneficial