Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 54

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 54
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 sole remedies of the holders of the Securities and the trustee for the Issuer’s breach of any obligation under the Securities or the
Indenture shall be (1) to demand payment of the principal amount of the Securities if not paid within 14 days of the date fixed for redemption (providedthat (i) the notice of redemption

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shall not have been revoked as described under “Description of the Securities — Redemption — Notice of Redemption” and (ii) the applicable conditions described under “Description of the Securities — Redemption — Conditions to Redemption, Substitution, Variation and Purchase” shall have been satisfied), (2) to seek enforcement of any other obligation of the Issuer under the Securities or the Indenture (other than any payment obligation) or damages for the Issuer’s failure to satisfy any such obligation and (3) to exercise the remedies described under “Description of the Securities — Ranking.” The foregoing shall not prevent the holders of the Securities or the trustee from instituting proceedings for the bankruptcy of the Issuer. Following the occurrence of a Trigger Event, all of the Issuer’s obligations under the Securities shall be irrevocably and automatically released in consideration of the Issuer’s issuance of the Conversion Shares to the Conversion Shares Depository (or to the relevant recipient) on the Conversion Date, and no principal or interest can become due and payable after such date. Conversion will not constitute a default or Event of Default (as defined in the Indenture) under the Securities or the Indenture. Under the terms of the Indenture, the exercise of the Dutch Bail-inPower by the relevant resolution authority with respect to the Securities is not a default in payment or otherwise. For further detail regarding the limited remedies of the trustee and the holders of the Securities, see “Description of the Securities — Enforcement Events and Remedies” and “Description of the Securities — Trustee’s Duties” in this prospectus supplement. The market value of the Securities may be influenced by unpredictable factors. Certain factors, many of which are beyond the Issuer’s control, will influence the value of the Securities and the price, if any, at which securities dealers may be willing to purchase or sell the Securities in the secondary market, including:

| • |     | the creditworthiness of the Issuer and, in particular, the level of the Group CET1 Ratio from time to time; |

| • |     | supply and demand for the Securities; |

| • |     | economic, financial, political or regulatory events