Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 62

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 62
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the institution or the group

S-49

would no longer be viable, cancel all or a portion of the principal amount of, or interest on, among other things, Additional Tier 1 capital instruments (such as the Securities) and Tier 2
capital instruments of a failing financial institution or a relevant holding company (such as the Issuer) and/or to convert certain debt claims (which could include the Securities) into shares or claims which may give right to shares or other
instruments of ownership or other securities or other obligations of the Issuer or obligations of another person (“Statutory Loss Absorption”).

Pursuant to the exercise of any Statutory Loss Absorption measures, the Securities could become subject to a determination by the relevant
resolution authority or the Issuer (following instructions from the relevant resolution authority) that all or part of the principal amount of the Securities, including accrued but unpaid interest in respect thereof, must be reduced (which may
include reduction to zero), cancelled, written down (whether or not on a permanent basis or subject to a write-up by the relevant resolution authority) or converted (in whole or in part) into shares or claims
which may give right to shares or other instruments of ownership or other securities or other obligations of the Issuer or obligations of another person (whether or not at the point of non-viability and
independently of or in combination with a resolution action) or that the terms of the Securities must be varied (which may include amending interest amounts and payment dates, including by suspending payment for a temporary period), or that the
Securities must otherwise be applied to absorb losses or give effect to resolution tools or powers, all as prescribed by the Applicable Resolution Framework (as defined herein). Such determination shall not constitute a default under the Securities
and holders will have no further claims in respect of any amount so written off or otherwise as a result of such Statutory Loss Absorption. Any such Statutory Loss Absorption may be applied by the relevant resolution authority either at the point of
non-viability (and independently of resolution action) or together with a resolution action and could occur before the Trigger Event.

Any determination that all or part of the principal amount of the Securities will be subject to Statutory Loss Absorption may be inherently
unpredictable and may depend on a number of factors which may be outside the Issuer’s control. Accordingly, trading behavior in respect of Securities which are subject to Statutory Loss Absorption is not necessarily expected to follow