Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 148

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 148
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 prospectus supplement. Those terms may vary from the terms described
here.

When we refer to a series of capital securities, we mean a series issued under the indenture. When we refer to your prospectus
supplement, we mean the prospectus supplement describing the specific terms of the capital security you purchase. The terms used in your prospectus supplement will have the meanings described in this prospectus, unless otherwise specified.

Amounts that We May Issue

The indenture does not limit the aggregate amount of capital securities that we may issue or the number of series or the aggregate amount of
any particular series. Any capital securities owned by us or any of our affiliates are deemed not to be outstanding.

Neither the
indenture nor the capital securities limit our ability to incur other indebtedness or to issue other securities. Also, we are not subject to financial or similar restrictions by the terms of the capital securities, unless described in your
prospectus supplement.

Ranking of Capital Securities

Capital securities will constitute our direct, unsecured and subordinated obligations ranking pari passu without any preference among
themselves. The relevant prospectus supplement will set forth the nature of the

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subordinated ranking of each series of capital securities relative to the debt and equity issued by us, including to what extent the capital securities may rank junior in right of payment to our other obligations or in any other manner. Form, Exchange and Transfer of Capital Securities Form We will issue each capital security in global — i.e., book-entry — form only, unless we specify otherwise in your prospectus supplement. Capital securities in book-entry form will be represented by a global security registered in the name of a depositary, which will be the holder of all the capital securities represented by the global security. Those who own beneficial interests in a global capital security will do so through participants in the depositary’s securities clearance system, and the rights of these indirect owners will be governed by the applicable procedures of the depositary and its participants. We describe book-entry securities below under “Legal Ownership and Book-Entry Issuance.” If any capital securities cease to be issued in registered global form, they will be issued:

| · |     | only in fully registered form; |

| · |     | without interest coupons; and |

| · |     | unless we indicate otherwise in your prospectus supplement, in denominations of $1,000 and integral multiples of $1,000. |

Transfer and Exchange Unless we indicate otherwise in your prospectus supplement, holders may