Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 76

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 76
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 Agent may not resign its duties or be removed without a successor having been appointed as aforesaid. Determinations of Interest Calculation Agent binding The determination of the applicable interest rate and the corresponding interest amount by the Interest Calculation Agent shall (in the absence of willful misconduct, bad faith or manifest error) be final and binding upon all parties and (in the absence of willful misconduct, gross negligence or bad faith) no liability shall attach to the Interest Calculation Agent in connection with the exercise by it of any of its powers, duties and discretions. Interest Cancellation Interest Payments Discretionary Subject to the restrictions set forth under “— Restriction on Interest Payments” below, interest on the Securities shall be due and payable at the sole and absolute discretion of the Issuer. The Issuer shall have sole and absolute discretion at all times and for any reason to cancel (in whole or in part) any interest payment that would otherwise be payable on any Interest Payment Date or redemption date. If the Issuer does not make an interest payment on any Interest Payment Date or redemption date in whole or in part, such interest payment (or the portion thereof not paid) shall be deemed cancelled and shall not be due and payable whether or not the Issuer has provided notice of cancellation of such interest payment as described under “— Notice of Interest Cancellation” below. An interest payment otherwise payable on an Interest Payment Date or redemption date that is not a business day will not be deemed cancelled if it is paid on the following business day. As described under “— Ranking” and “— Conversion Upon Trigger Event” below, on the occurrence of any Liquidation Event or Conversion, any accrued and unpaid interest on the Securities shall be deemed cancelled. If the Competent Authority exercises its general powers under Article 104 of the CRD IV Directive to restrict or prohibit interest payments to holders of Additional Tier 1 Capital Securities, the Issuer will exercise its discretion to cancel (in whole or in part, as required by the Competent Authority) interest payments in respect of the Securities. Restriction on Interest Payments The Issuer shall not make an interest payment (including any Additional Amounts) on the Securities on any Interest Payment Date or redemption date (or the following business day, if such date is not a business day) and such interest payment shall not be due if and to the extent that:

| (a) | the amount of such interest payment otherwise due, together with any interest payments or distributions which                                                                                                                                       
 have been paid or made or which are required to