Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 68

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 68
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 by law or executive order to close in London, Amsterdam or The City of New York. The interest rate on the Securities shall be:

| • |     | from (and including) each Reset Date to (but excluding) the next following Reset Date, a rate per                  
 annum equal to the sum of the applicable Reset Reference Rate on the relevant Reset Determination Date and 3.594%. |

The “ Reset Dates” are the First Reset Date and each five-year anniversary thereafter. The“ Reset Period” is any period from and including each Reset Date to but excluding the next succeeding Reset Date. The “ Reset Determination Date” for each applicable Reset Date is the second business day immediately preceding such Reset Date. An “Interest Period” is the period from and including an Interest Payment Date (or the Issue Date, in the case of the initial Interest Period) to but excluding the next succeeding Interest Payment Date. Determination of Reset Interest Rate The interest will be reset on the First Reset Date and each five-year anniversary thereafter (each a “ Reset Date”) to a rate per annumequal to the sum of the applicable Reset Reference Rate on the relevant Reset Determination Date and the Margin (the “ Reset Interest Rate”). S-56

The Interest Calculation Agent will, as soon as practicable after 11.00 a.m. (New York City time) on each Reset Determination Date, determine the Reset Interest Rate in respect of the relevant Reset Period and calculate the corresponding interest amount for each Interest Period falling in that Reset Period. Benchmark Discontinuation In addition to and notwithstanding the provisions in “— Determination of Reset Interest Rate” above, if the Issuer determines that a Benchmark Event occurs in relation to the Original Reference Rate when the Reset Interest Rate (or any component part thereof) remains to be determined by reference to such Original Reference Rate, the Issuer shall use its reasonable endeavors to appoint an Independent Adviser, as soon as reasonably practicable, to advise the Issuer in determining a Successor Rate or Alternative Rate (as applicable) and the applicable Adjustment Spread and any other amendments to the terms of the Securities (including, without limitation, any Benchmark Amendments). In making such determination, the Issuer shall act in good faith as an expert. In the absence of fraud, the Issuer and the Independent Adviser, as applicable, shall have no liability whatsoever to the Issuer, the Interest Calculation Agent, the holders for any determination made by it or for any advice given to the Issuer in connection with any determination made by the