Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 50

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 50
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 preserve the same interest payment dates; (3) do not contain terms providing for deferral of payments of interest and/or principal;          
 (4) preserve the obligations (including the obligations arising from the exercise of any right) of the Issuer as to redemption of the notes, including (without limitation) as to timing of, and amounts payable upon, such redemption; (5) do    
 not contain terms providing for loss absorption through principal write-down or conversion to common equity tier 1 instruments (which excludes, for the avoidance of doubt, any contractual term recognizing statutorily applicable write-down or 
 conversion powers, including, without limitation, those described in the section entitled “Description of Notes — Agreement and Acknowledgement with Respect to the Exercise of Dutch Bail-in                                                     
 Power”); and (6) preserve any existing rights to any accrued and unpaid interest and any other amounts payable under the notes which has accrued to holders of the notes and not been paid;                                                       |

| (5) | such securities are listed on the same stock exchange or market as the notes or the regulated market of the 
 London Stock Exchange or any EEA regulated market selected in good faith by the Issuer; and                 |

| (6) | where the notes which have been substituted or varied had a published rating solicited by the Issuer from one                                                                                                                                         
 or more rating agencies immediately prior to their substitution or variation, such securities benefit from (or will, as announced, or otherwise confirmed in writing, by each such relevant rating agency, benefit from) an equal or higher published 
 rating from each such rating agency as that which applied to the notes.                                                                                                                                                                               |

A “ Loss Absorption Disqualification Event” shall be deemed to have occurred if as a result of any amendment to, or change in, any Loss Absorption Regulation, or any change in the application or official interpretation of any Loss Absorption Regulation, which the Issuer demonstrates to the satisfaction of the resolution authority was not reasonably foreseeable at the Issue Date and becomes effective on or after the Issue Date of the notes, the notes are or (in the opinion of the Issuer or the resolution authority) are likely to be fully or partially excluded from the Issuer’s and/or the Regulatory Group’s minimum requirements for (A) own funds and eligible liabilities and/or (B) loss absorbing capacity instruments, in each case as such minimum requirements are applicable to the Issuer and/or the Regulatory Group and determined in accordance with, and pursuant to, the relevant Loss Absorption Regulations; provided that a Loss