Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 69

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 69
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 have determined, and hereby notify all relevant persons (as defined in Section 309A(1) of the SFA) that the notes are “prescribed capital markets products” (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore) and “Excluded Investment Products” (as defined in MAS Notice SFA 04-N12:Notice on the Sale of Investment Products and MAS Notice FAA-N16:Notice on Recommendations on Investment Products). Switzerland Each underwriter has represented and agreed that:

| (i) | it will not make a public offer of the notes, directly or indirectly, in Switzerland, as such terms are defined 
 or interpreted under the Swiss Financial Services Act (“FinSA”);                                                |

| (ii) | the notes will not be admitted to trading on a trading venue (exchange or multilateral trading facility) in 
 Switzerland;                                                                                                |

| (iii) | it will not offer, sell, advertise or distribute the notes, directly or indirectly, in Switzerland, as such                                                                 
 terms are defined or interpreted under the FinSA, except to professional clients as such term is defined or interpreted under the FinSA (the “Professional Investors”); and |

| (iv) | no key information document pursuant to article 58(1) FinSA (or any equivalent document under the FinSA) has                                                                                                                                          
 been or will be prepared in relation to any notes and, therefore, any notes with a derivative character within the meaning of article 86(2) of the Swiss Financial Services Ordinance may not be offered or recommended to private clients within the 
 meaning of the FinSA in Switzerland.                                                                                                                                                                                                                  |

The notes may not be publicly offered, directly or indirectly, in Switzerland, except to Professional Investors. Offering or marketing material relating to Notes may not be distributed or otherwise made available in Switzerland, except to Professional Investors. The notes do not constitute participations in a collective investment scheme within the meaning of the Swiss Collective Investment Schemes Act (“ CISA”). Therefore, the notes are not subject to the approval of, or supervision by, the Swiss Financial Market Supervisory Authority (“ FINMA”), and investors in the notes will not benefit from protection under the CISA or supervision by FINMA. Republic of Italy The offering of the notes has not been registered pursuant to Italian securities legislation and, accordingly, no notes may be offered, sold or delivered, nor may copies of this prospectus supplement or of any other document relating to the notes be distributed in the Republic of Italy, except: