Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 102

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 102
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 series of subordinated debt securities or the information incorporated in this prospectus by reference will indicate the
approximate amount of senior indebtedness outstanding.

When we refer to “debt securities” in this prospectus, we mean both the
senior debt securities and the subordinated debt securities.

The Senior and Subordinated Debt Indentures

The senior debt securities and the subordinated debt securities are each governed by a document called an indenture — the senior debt
indenture, in the case of the senior debt securities, and the subordinated debt indenture, in the case of the subordinated debt securities. Each indenture is a contract between us and The Bank of New York Mellon, which will initially act as trustee.
Neither indenture limits our ability to incur additional indebtedness, including additional senior indebtedness.

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The trustee under each indenture has two main roles:

| · |     | first, the trustee can enforce your rights against us if we default. There are some limitations on the extent to which the trustee acts on your behalf, which 
 we describe later under “— Events of Default and Remedies”; and                                                                                               |

| · |     | second, the trustee performs administrative duties for us, such as sending you interest payments and notices. |

See “— Our Relationship with the Trustee” below for more information about the trustee. The indenture and its associated documents, including any supplemental indenture and your debt security, contain the full text of the matters described in this section and the other terms described in your prospectus supplement. A copy of each indenture has been filed with the SEC as part of our registration statement. See “Available Information” above for information on how to obtain a copy. When we refer to the indenture or the trustee with respect to any debt securities, we mean the indenture under which those debt securities are issued, including any supplemental indenture, and the trustee under that indenture. Subordination Provisions Holders of subordinated debt securities should recognize that contractual provisions in the subordinated debt indenture may prohibit us from making payments on those securities. Subordinated debt securities are subordinate in right of payment, to the extent and in the manner stated in the subordinated debt indenture, to all of our senior indebtedness, including all debt securities we have issued and will issue under the senior debt indenture. Except as otherwise modified with respect to a particular issuance of debt securities, the subordinated debt indenture defines “senior debt” as all indebtedness and obligations of