Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 74

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 74
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 Stability Board or any part thereof.                          |

“ Reset Reference Bank Rate” means the percentage rate determined on the basis of the Mid-SwapQuotations provided by the Reset Reference Banks to the Interest Calculation Agent at or around 11:00 a.m. in New York on the relevant Reset Determination Date and, rounded, if necessary, to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards). If at least four quotations are provided, the Reset Reference Bank Rate will be the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Bank Rate will be the rounded arithmetic mean of S-60

the quotations provided. If only one quotation is provided, the Reset Reference Bank Rate will be the rounded quotation provided. If no quotations are provided, the Reset Reference Bank Rate will
be (i) in the case of each Reset Period other than the Reset Period commencing on the First Reset Date, the Reset Reference Rate in respect of the immediately preceding Reset Period or (ii) in the case of the Reset Period commencing on the
First Reset Date, an amount equal to the Initial Interest Rate less the Margin.

“Reset Reference Banks” means five
leading swap dealers in the principal interbank market relating to U.S. dollars selected by the Issuer.

“Reset Reference Rate” means, with respect to any Reset Date from which such rate applies, the rate per annum equal to: (i) the applicable annual mid-swap rate for swap transactions in U.S. dollars (with a
maturity equal to 5 years) where the floating leg pays daily compounded SOFR annually, which is calculated and published by ICE Benchmark Administration Limited (or any other person which takes over the administration of that rate), as displayed on
the Screen Page at 11.00 a.m. (in New York) on the relevant Reset Determination Date or (ii) if such rate is not displayed on the Screen Page at such time and date (in circumstances other than those in which the Issuer has determined that a
Benchmark Event has occurred or that there is a Successor Rate, the Reset Reference Bank Rate) on the relevant Reset Determination Date.

“Screen Page” means Bloomberg screen page “USISSO05” or such other screen page as may replace it