Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 73

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 73
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 Agent for the purposes of calculating the applicable Reset Reference Rate (or component thereof) shall be conclusive and binding on the holders of the Securities, the Issuer and the trustee, absent manifest error. None of the Issuer, the Interest Calculation Agent, the trustee nor any paying agent shall be responsible for determining whether manifest error has occurred or any liability therefor. The Interest Calculation Agent shall not be responsible to the Issuer, holders of the Securities or any third party for any failure of the Reset Reference Banks to provide quotations as requested of them or as a result of the Interest Calculation Agent having acted on any quotation or other information given by any Reset Reference Banks which subsequently may be found to be incorrect or inaccurate in any way. “ Margin” means 3.594%. “ Mid-SwapQuotations” means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed for floating interest rate swap transaction in U.S. dollars which (i) has a term commencing on the relevant Reset Date which is equal to 5 years; (ii) is in an amount that is representative of a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the relevant swap market; and (iii) has a floating leg based on the overnight SOFR rate compounded for 12 months (calculated on an Actual/360 day count basis). “ Original Reference Rate” means (i) SOFR or (ii) (if applicable) any other Successor Rate or Alternative Rate (or any component part(s) thereof) determined and applicable to the Securities. “ Relevant Nominating Body” means, in respect of a benchmark or screen rate (as applicable):

| (i) | the central bank for the currency to which the benchmark or screen rate (as applicable) relates, or any central                                
 bank or other supervisory authority which is responsible for supervising the administrator of the benchmark or screen rate (as applicable); or |

| (ii) | any working group or committee sponsored by, chaired or co-chaired by                                                                                                                                                              
 or constituted at the request of (a) the central bank for the currency to which the benchmark or screen rate (as applicable) relates, (b) any central bank or other supervisory authority which is responsible for supervising the 
 administrator of the benchmark or screen rate (as applicable), (c) a group of the aforementioned central banks or other supervisory authorities or (d) the Financial