Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 311

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 311
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 the value of any floating rate on any date during the term of your debt security is set no earlier than three       
 months prior to the first day on which that value is in effect and no later than one year following that first day. |

Your debt security will have a variable rate that is a qualified floating rate if:

| • |     | variations in the value of the rate can reasonably be expected to measure contemporaneous variations in the cost 
 of newly borrowed funds in the currency in which your debt security is denominated; or                           |

| • |     | the rate is equal to such a rate either: |

| (1) | multiplied by a fixed multiple that is greater than 0.65 but not more than 1.35 or |

| (2) | multiplied by a fixed multiple greater than 0.65 but not more than 1.35, and then increased or decreased by a 
 fixed rate.                                                                                                   |

If your debt security provides for two or more qualified floating rates that are within 0.25 percentage points of each other on the issue date or can reasonably be expected to have approximately the same values throughout the term of the debt security, the qualified floating rates together constitute a single qualified floating rate. Your debt security will not have a qualified floating rate, however, if the rate is subject to certain restrictions (including caps, floors, governors, or other similar restrictions) unless such restrictions are caps, floors or governors that are fixed throughout the term of the debt security or such restrictions are not reasonably expected to significantly affect the yield on the debt security. Your debt security will have a variable rate that is a single objective rate if:

| • |     | the rate is not a qualified floating rate; and |

| • |     | the rate is determined using a single, fixed formula that is based on objective financial or economic information 
 that is not within the control of or unique to the circumstances of the issuer or a related party.                |

-102-

Your debt security will not have a variable rate that is an objective rate, however, if it is reasonably expected that the average value of the rate during the first half of your debt security’s term will be either significantly less than or significantly greater than the average value of the rate during the final half of your debt security’s term. An objective rate as described above is a qualified inverse floating rate if:

| • |     | the rate is equal to a fixed rate minus a qualified floating rate; and |

| • |     | the variations in the