Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 28

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 28
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B) 1.230% per annum, subject to the Minimum         
 Rate.                                                                                                                                                                                                                           |
| 2036 notes |     | The sum of (A) the SOFR Index Average, as determined, with respect to each Floating Rate Interest Period, on the applicable Floating Rate Interest Determination Date, and (B) 1.610% per annum, subject to the Minimum         
 Rate.                                                                                                                                                                                                                           |

The floating rate notes will be issued in an aggregate principal amount of $750,000,000, and unless previously redeemed and cancelled, will mature on March 25, 2029 (the “ Maturity Date” with respect to the S-25

floating rate notes), and will bear interest at a floating rate per annum equal to the sum of (A) the SOFR Index Average, as determined, with respect to each Floating Rate Interest Period,
on the applicable Floating Rate Interest Determination Date, and (B) 1.010% per annum (the “Floating Interest Rate” with respect to the floating rate notes), subject to the Minimum Rate. The “Call Date” with
respect to the floating rate notes is March 25, 2028.

The “Floating Rate Period” shall be, with respect to the
floating rate notes, the period from (and including) the Issue Date to (but excluding) the applicable Maturity Date.

Payment of Interest

With respect to the applicable Fixed Rate Period, interest on each series of the fixed-to-floating rate notes will be payable semi-annually in arrear on March 25 and September 25 of each year, commencing on September 25, 2025, and ending on (and including) the applicable
Call Date (each a “Fixed Rate Interest Payment Date”); provided that if any Fixed Interest Payment Date would fall on a day that is not a Business Day (as defined below), the related payment of interest will be made on the next
succeeding Business Day as if made on the date that such payment was due, and no interest will accrue on such amount payable during the period from and after the applicable Fixed Rate Interest Payment Date.

With respect to the applicable Floating Rate Period (i) interest on the 2029 notes will be payable quarterly in arrear on June 25,
2028, September 25, 2028, December 25, 2028 and the applicable Maturity Date, (ii) interest on the 2031 notes will be payable quarterly in arrear on June