Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 29

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 29
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 Interest Period, on the applicable Floating Rate Interest Determination Date, and (B)     % per annum,                                 
 subject to the Minimum Rate.                                                                                                                                                                                                    |
| 2036 notes |     | The sum of (A) the SOFR Index Average, as determined, with respect to each Floating Rate Interest Period, on the applicable Floating Rate Interest Determination Date, and (B)     % per annum,                                 
 subject to the Minimum Rate.                                                                                                                                                                                                    |

The floating rate notes will be issued in an aggregate principal amount of $ , and unless previously redeemed and cancelled, will mature on , 2029 (the “ Maturity Date” with respect to the S-26

floating rate notes), and will bear interest at a floating rate per annum equal to the sum of (A) the SOFR Index Average, as determined, with respect to each Floating Rate Interest Period,
on the applicable Floating Rate Interest Determination Date, and (B) % per annum (the “Floating Interest Rate” with respect to the floating rate notes), subject to the Minimum Rate. The “Call Date” with respect to the floating rate notes is , 2028.

The “Floating Rate Period”
shall be, with respect to the floating rate notes, the period from (and including) the Issue Date to (but excluding) the applicable Maturity Date.

Payment of Interest

With respect to the
applicable Fixed Rate Period, interest on each series of the fixed-to-floating rate notes will be payable semi-annually in arrear
on and of each year, commencing on , 2025, and ending on (and including) the applicable Call Date (each a “Fixed Rate Interest Payment Date”);
provided that if any Fixed Interest Payment Date would fall on a day that is not a Business Day (as defined below), the related payment of interest will be made on the next succeeding Business Day as if made on the date that such payment was due,
and no interest will accrue on such amount payable during the period from and after the applicable Fixed Rate Interest Payment Date.

With
respect to the applicable Floating Rate Period (i) interest on the 2029 notes will be payable quarterly in arrear on , 2028, , 2028, , 2028 and the applicable
Maturity Date, (ii) interest on the 2031 notes will be payable quarterly in arrear on , 2030, , 2030, ,