Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 69

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 69
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as defined in Section 275(2) of the SFA) pursuant to Section 275(1) of the SFA, or any person pursuant to Section 275(1A) of the SFA, and in accordance with the conditions specified in Section 275 of the SFA, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. Singapore Securities and Futures Act Product Classification — Solely for the purposes of its obligations pursuant to Sections 309B(1)(a) and 309B(1)(c) of the SFA, we have determined, and hereby notify all relevant persons (as defined in Section 309A(1) of the SFA) that the notes are “prescribed capital markets products” (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore) and “Excluded Investment Products” (as defined in MAS Notice SFA 04-N12:Notice on the Sale of Investment Products and MAS Notice FAA-N16:Notice on Recommendations on Investment Products). Switzerland Each underwriter has represented and agreed that:

| (i) | it will not make a public offer of the notes, directly or indirectly, in Switzerland, as such terms are defined 
 or interpreted under the Swiss Financial Services Act (“FinSA”);                                                |

| (ii) | the notes will not be admitted to trading on a trading venue (exchange or multilateral trading facility) in 
 Switzerland;                                                                                                |

| (iii) | it will not offer, sell, advertise or distribute the notes, directly or indirectly, in Switzerland, as such                                                                 
 terms are defined or interpreted under the FinSA, except to professional clients as such term is defined or interpreted under the FinSA (the “Professional Investors”); and |

| (iv) | no key information document pursuant to article 58(1) FinSA (or any equivalent document under the FinSA) has                                                                                                                                          
 been or will be prepared in relation to any notes and, therefore, any notes with a derivative character within the meaning of article 86(2) of the Swiss Financial Services Ordinance may not be offered or recommended to private clients within the 
 meaning of the FinSA in Switzerland.                                                                                                                                                                                                                  |

The notes may not be publicly offered, directly or indirectly, in Switzerland, except to Professional Investors. Offering or marketing material relating to Notes may not be distributed or otherwise made available in Switzerland, except to Professional Investors. The notes do not constitute