Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 5

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 5
---
URITIES |     |   9 |
| CAPITALIZATION AND INDEBTEDNESS                              |     |  16 |
| USE OF PROCEEDS                                              |     |  18 |
| DESCRIPTION OF DEBT SECURITIES                               |     |  19 |
| DESCRIPTION OF CAPITAL SECURITIES                            |     |  48 |
| DESCRIPTION OF ORDINARY SHARES                               |     |  64 |
| DESCRIPTION OF AMERICAN DEPOSITARY SHARES                    |     |  74 |
| LEGAL OWNERSHIP AND BOOK-ENTRY ISSUANCE                      |     |  83 |
| CLEARANCE AND SETTLEMENT                                     |     |  87 |
| TAXATION                                                     |     |  93 |
| BENEFIT PLAN INVESTOR CONSIDERATIONS                         |     | 118 |
| PLAN OF DISTRIBUTION                                         |     | 120 |
| VALIDITY OF THE SECURITIES                                   |     | 123 |
| EXPERTS                                                      |     | 123 |
| ENFORCEMENT OF CIVIL LIABILITIES                             |     | 124 |
| EXPENSES                                                     |     | 125 |

S-i

NOTICE TO INVESTORS

Agreements and Acknowledgements of Investors, Including Holders and Beneficial Owners

Dutch Bail-inPower

Notwithstanding any other agreements, arrangements or understandings between the Issuer and any holder or beneficial owner of the Securities,
by acquiring the Securities, each holder and beneficial owner of a Security or any interest therein acknowledges, accepts, recognizes, agrees to be bound by, and consents to the exercise of, any Dutch Bail-in
Power by the relevant resolution authority that may result in the reduction (including to zero), cancellation or write-down (whether on a permanent basis or subject to a write-up by the relevant resolution
authority) of all, or a portion, of the principal amount of, or interest on, the Securities and/or the conversion of all, or a portion of, the principal amount of, or interest on, the Securities into shares or claims which may give right to shares
or other instruments of ownership or other securities or other obligations of the Issuer or obligations of another person (whether or not at the point of non-viability and independently of or in combination
with a resolution action), including by means of a variation to the terms of the Securities (which may include amending the interest amount or the maturity or interest payment dates, including by suspending payment for a temporary period), or that