Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 42

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 42
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 requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms incorporated in The 
 Netherlands in effect and applicable in The Netherlands to the Issuer or other members of the Group, including but not limited to any such laws, regulations, rules or requirements (including, but not limited to, the Dutch Financial Supervision Act) 
 that are implemented, adopted or enacted within the context of a European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment     
 firms (including but not limited to the BRRD and the SRM Regulation, in each case as amended or superseded) and/or within the context of a Dutch resolution regime under the Dutch Intervention Act (as implemented in relevant statutes) and any        
 amendments thereto, or otherwise, pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled and/or converted into shares or other securities or           
 obligations of the obligor or any other person or may be expropriated (and a reference to the “relevant resolution authority” is to any authority with the ability to exercise a Dutch Bail-in                                                           
 Power).                                                                                                                                                                                                                                                  |

The Dutch Bail-inPower may be imposed without any prior notice by the relevant resolution authority of its decision to exercise such power. No principal of, or interest on, the notes shall become due and payable after the exercise of any Dutch Bail-inPower by the relevant resolution authority except as permitted under the laws and regulations of The Netherlands and the European Union applicable to the Issuer. In addition, the exercise of any Dutch Bail-InPower may require interests in the notes and/or other actions implementing any Dutch Bail-InPower to be held or taken, as the case may be, through clearing systems, intermediaries or persons other than DTC. S-35

See also “Risk Factors — Under the terms of the notes, you have agreed to be bound
by the exercise of any Dutch Bail-in Power by the relevant resolution authority.”

By
acquiring any notes, each holder and beneficial owner of a note or any interest therein, to the extent permitted by the Trust Indenture Act, shall be deemed to waive any and all claims against the trustee for, and to agree not to initiate a suit
against the trustee in respect of, and to agree that the trustee shall not be liable for, any action that the trustee takes, or abstains from taking, in either case in accordance with the