Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 63

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 63
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 trading
behavior associated with other types of securities. Any indication that the Securities will become subject to Statutory Loss Absorption could have an adverse effect on the market price of the Securities. Potential investors should consider the risk
that a holder may lose all of its investment in the Securities, including the principal amount plus any accrued but unpaid Interest, if those Statutory Loss Absorption measures were to be taken.

There remains uncertainty as to the full impact of the BRRD, the SRMR or the Dutch Intervention Act (Interventiewet, as implemented in
relevant statutes) on the Issuer, the Group and on holders of the Securities, and there can be no assurance that the taking of any actions by the relevant authority would not adversely affect the rights of holders of the Securities, the price or
value of an investment in the Securities and/or the Issuer’s ability to satisfy its obligations under the Securities. The taking of any such action or any suggestion thereof could materially adversely affect the value of the Securities and
could lead to the holders of the Securities losing some or all of their investment in the Securities.

It is possible that under the BRRD,
the SRMR, the Intervention Act or any other future similar legislation, any powers given to the relevant resolution authority or another relevant authority could be used in such a way as to result in capital instruments of the Issuer, such as the
Securities, absorbing losses or otherwise affecting the rights of holders of the Securities either in the course of any resolution of the Issuer or, prior thereto, at the point of non-viability. If these
powers were to be exercised in respect of the Issuer (or any member of the Group), there could be a material adverse effect on the rights of holders of the Securities, including through a material adverse effect on the price of the Securities.

The BRRD, the SRMR and the Intervention Act could negatively affect the position of Holders and the credit rating attached to the Securities,
in particular if and when any of the above proceedings would be commenced against the Issuer, since the application of any such legislation may affect the rights and effective remedies of the holders of the Securities as well as the market value of
the Securities. Investors in the Securities may lose their investment if resolution measures are taken.

S-50

Because the Issuer is incorporated under the laws of The Netherlands and many of the members of the Issuer’s Supervisory and Executive Board and officers reside outside of the United States, it may be difficult for you