Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 72

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 72
---
 means

| (i) | the Original Reference Rate ceasing to be published for a period of at least 5 Business Days as a result of 
 such benchmark ceasing to be calculated or administered;                                                    |

| (ii) | a public statement by the administrator of the Original Reference Rate that it has ceased, or will cease,                                                                                                
 publishing the Original Reference Rate permanently or indefinitely (in circumstances where no successor administrator has been appointed that will continue publication of the Original Reference Rate); |

| (iii) | a public statement by the supervisor of the administrator of the Original Reference Rate that the Original 
 Reference Rate has been or will be permanently or indefinitely discontinued;                               |

| (iv) | a public statement by the supervisor of the administrator of the Original Reference Rate as a consequence of           
 which the Original Reference Rate will be prohibited from being used either generally or in respect of the Securities; |

| (v) | it has become unlawful for the Interest Calculation Agent, the Issuer or other party to calculate any payments 
 due to be made to any holders using the Original Reference Rate; or                                            |

| (vi) | a public statement by the supervisor of the administrator of the Original Reference Rate that the Original                                  
 Reference Rate is or will be (or is or will be deemed by such supervisor to be) no longer representative of its relevant underlying market, |

provided that the Benchmark Event shall be deemed to occur (a) in the case of sub-paragraphs(ii) and (iii) above, on the date of the cessation of publication of the Original Reference Rate or the S-59

discontinuation of the Original Reference Rate, as the case may be, (b) in the case of sub-paragraph(iv) above, on the date of the prohibition of use of the Original Reference Rate and (c) in the case of sub-paragraph(vi) above, on the date with effect from which the Original Reference Rate will no longer be (or will be deemed by the relevant supervisor to no longer be) representative of its relevant underlying market and which is specified in the relevant public statement, and, in each case if different, not the date of the relevant public statement. “ Independent Adviser” means an independent financial institution of international repute or an independent financial adviser with appropriate expertise appointed by the Issuer at its own expense. “ Interest Calculation Agent” means The Bank of New York Mellon, London Branch, or its successor appointed by the Issuer. All determinations and any calculations made by the Interest Calculation