Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 120

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 120
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 for our winding-up or liquidation, unless this is done in                                                                                                                           
 connection with a merger, consolidation or other form of combination with another company and (a) we are permitted to enter into such merger, consolidation or combination pursuant the provisions described under “— Mergers and Similar 
 Transactions” above or (b) the requisite                                                                                                                                                                                                  |

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| majority of holders of the relevant series of debt securities, as described under “Modifications of the Indentures—Changes Requiring Majority Approval”, has waived the requirement 
 that we comply with the covenant contained in “— Mergers and Similar Transactions” above.                                                                                           |

Upon the occurrence of an event of default, and only in such instance, the entire principal amount of each series of our debt securities will be automatically accelerated, without any action by the trustee or any holder, and will become immediately due and payable together with accrued but unpaid interest, subject to obtaining the approvals described under “—Condition to Redemption or Repurchase” above and, in the case of subordinated debt securities, to the applicable subordination provisions described under “—Subordination Provisions” above and in the relevant prospectus supplement. The payment of principal of our debt securities will be accelerated only in the event of an event of default (but not the bankruptcy, insolvency or reorganization of any of our subsidiaries). There will be no right of acceleration of the payment of principal of our debt securities if we fail to pay any principal, interest or any other amount (including upon redemption) on such debt securities or in the performance of any of our covenants or agreements contained in such debt securities. No such payment default or performance default will result in an event of default under our debt securities or permit any holders to take action to enforce the debt securities, except as described under “—Limited Remedies for Non-Paymentand Breach of Obligations; Trust Indenture Act Remedies” below. Moreover, the exercise of any Dutch Bail-inPower by the relevant resolution authority, as described under “— Agreement and Acknowledgment with Respect to the Exercise of Dutch Bail-inPower” above, will not be an event of default. Limited Remedies for Non-Paymentand Breach of Obligations; Trust Indenture Act Remedies The sole remedies of the holders of our debt securities and the trustee for our breach of any obligation under the debt securities or the senior debt indenture or subordinated debt indenture, as applicable, shall be (1) to demand payment of any