Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 7

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 7
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 of a Dutch resolution regime under the Dutch Intervention Act (Interventiewet, as implemented in relevant statutes) and any amendments thereto, or otherwise, pursuant to which obligations of a bank,
banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled and/or converted into shares or other instruments of ownership or other securities or obligations of the obligor or obligations of any
other person (whether at the point of non-viability or as taken together with a resolution action) or may be expropriated (and a reference to the “relevant resolution authority” is to any
authority with the ability to exercise a Dutch Bail-in Power).

A “Trigger Event” shall occur if at any time the Issuer, the Competent Authority or any agent appointed for such purpose by the Competent Authority has determined that the Group CET1 Ratio is less than 7.00%.

S-1

By acquiring any Securities, each holder and beneficial owner of a Security or any interest therein, including any person acquiring any such Security or interest therein after the date hereof, acknowledges and agrees with and for the benefit of the Issuer and The Bank of New York Mellon, London Branch, as trustee (the “ trustee”) as follows:

| • |     | that no exercise of any Dutch Bail-in Power by the relevant resolution                                                                                                                                                                        
 authority with respect to the Securities or cancellation or deemed cancellation of interest on the Securities shall give rise to a default for purposes of the applicable provisions of the U.S. Trust Indenture Act of 1939, as amended (the 
 “Trust Indenture Act”);                                                                                                                                                                                                                       |

| • |     | that, to the extent permitted by the Trust Indenture Act, such holder or beneficial owner shall be deemed to                                                                                                                                          
 waive any and all claims against the trustee for, and to agree not to initiate a suit against the trustee in respect of, and to agree that the trustee shall not be liable for, any action that the trustee takes, or abstains from taking, in either 
 case in accordance with the exercise of a Dutch Bail-in Power by the relevant resolution authority with respect to the Securities;                                                                                                                    |

| • |     | that, upon the exercise of any Dutch Bail-in Power by the relevant                                                                                                                                                                                                                                                                                          
 resolution authority, (i) the trustee shall not be required to take any further directions from holders or beneficial owners of the Securities under the Indenture and (ii) the Indenture shall impose no duties upon the trustee whatsoever