Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 145

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 145
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 suspend any payment in respect of the capital securities for a temporary period.         |

| (b) | For these purposes, a “Dutch Bail-in Power” is any statutory                                                                                                                                                                                              
 write-down and/or conversion power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms incorporated in The            
 Netherlands in effect and applicable in The Netherlands to us or other members of the Group, including but not limited to any such laws, regulations, rules or requirements (including, but not limited to, the Dutch Financial Supervision Act) that are 
 implemented, adopted or enacted within the context of a European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms         
 (including but not limited to the BRRD and Regulation (EU) No 806/2014 of the European Parliament and of the Council (the “SRM Regulation”)) and/or within the context of a Dutch resolution regime under the Dutch Intervention Act and                  
 any amendments thereto, or otherwise, pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled and/or converted into shares or other securities or        
 obligations of the obligor or any other person (whether at the point of non-viability or as taken together with a resolution action) or may be expropriated (and a reference to the “relevant resolution authority” is to any authority with              
 the ability to exercise a Dutch Bail-in Power).                                                                                                                                                                                                           |

No principal of, or interest on, the capital securities shall become due and payable after the exercise of any Dutch Bail-inPower by the relevant resolution authority except as permitted under the laws and regulations of The Netherlands and the European Union applicable to us. In addition, the exercise of any Dutch Bail-inPower may require interests in the capital securities and/or other actions implementing any Dutch Bail-inPower to be held or taken, as the case may be, through clearing systems, intermediaries or persons other than DTC. By acquiring any capital securities, each holder and beneficial owner of a capital security or any interest therein, to the extent permitted by the Trust Indenture Act, shall be deemed to waive any and all claims against the trustee for, and to agree not to initiate a suit against the trustee in respect of, and to agree that the trustee shall not be liable for, any action that the trustee takes, or