Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 221

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 221
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 of:                                                                                                    |

(1) 0.015 multiplied by the product of the total non-contingentprincipal payments and the number of complete years to maturity from the issue date; or (2) 15% of the total non-contingentprincipal payments;

| · |     | your debt security provides for stated interest, compounded or paid at least annually, only at: |

(1) one or more qualified floating rates; (2) a single fixed rate and one or more qualified floating rates; (3) a single objective rate; or (4) a single fixed rate and a single objective rate that is a qualified inverse floating rate; and

| · |     | the value of any floating rate on any date during the term of your debt security is set no earlier than three months prior to the first day on which that value 
 is in effect and no later than one year following that first day.                                                                                               |

Your debt security will have a variable rate that is a qualified floating rate if:

| · |     | variations in the value of the rate can reasonably be expected to measure contemporaneous variations in the cost of newly borrowed funds in the currency in 
 which your debt security is denominated; or                                                                                                                 |

| · |     | the rate is equal to such a rate either: |

(1) multiplied by a fixed multiple that is greater than 0.65 but not more than 1.35 or -106-

(2) multiplied by a fixed multiple greater than 0.65 but not more than 1.35, and then increased or decreased by a fixed rate. If your debt security provides for two or more qualified floating rates that are within 0.25 percentage points of each other on the issue date or can reasonably be expected to have approximately the same values throughout the term of the debt security, the qualified floating rates together constitute a single qualified floating rate. Your debt security will not have a qualified floating rate, however, if the rate is subject to certain restrictions (including caps, floors, governors, or other similar restrictions) unless such restrictions are caps, floors or governors that are fixed throughout the term of the debt security or such restrictions are not reasonably expected to significantly affect the yield on the debt security. Your debt security will have a variable rate that is a single objective rate if:

| · |     | the rate is not a qualified floating rate; and |

| · |     | the rate is determined using a single, fixed formula that is based on objective financial or economic