Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 65

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 65
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2 Notes due  
 August 20, 2037 (ISIN: XS3153087559) under its €70,000 million Debt Issuance Programme. |

S-52

| (5) | The total indebtedness excludes lease liabilities of €1,107 million. Lease liabilities are presented 
 in the balance sheet under Other liabilities.                                                        |

| (6) | On July 1, 2025, ING redeemed $1,000 million of Fixed-to-Fixed Rate Callable Senior Notes due July 2026 under its €70,000 million Debt Issuance Programme (ISIN: USN4580HAC18 (Reg S) / US456837AU72 (144A). On August 30, 2025, ING redeemed 
 £300 million of Fixed-to-Floating Rate Callable Senior Notes due August 2026 under the €70,000 million Debt Issuance Programme (ISIN: XS2526852350).                                                                                          
 These securities are included in the above table on the lines ‘Debt securities in issue’ and ‘Debt securities designated at fair value through profit or loss’ for a total amount of €1,200 million and                                       
 €23 million respectively. Other than as set forth herein, there has been no material change since June 30, 2025, in the capitalization and indebtedness of the Group.                                                                         |

S-53

USE OF PROCEEDS

After deduction of the underwriting compensation stated on the cover of this prospectus supplement and expenses payable by the Issuer
estimated at $0.6 million, the net proceeds from the sale of the Securities are estimated to be $1,490 million. The Issuer intends to use the net proceeds of the offering of the Securities for its general corporate purposes and to strengthen its
capital base.

S-54

DESCRIPTION OF THE SECURITIES The following description of the Securities supplements (and, where different from, supersedes) the description of the Securities in the accompanying prospectus. This prospectus supplement includes an Index of Defined Terms on page S-130. In considering an investment in the Securities, please review carefully the “Notice to Investors” on page S-2,which sets forth important acknowledgements and agreements each holder and beneficial owner of a Security or any interest therein makes by acquiring any Securities. The Securities shall constitute a series of Securities issued under the Capital Securities Indenture dated as of April 16, 2015 (the “ Original Indenture”)