Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 27

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 27
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 / ISIN US456837BD49) and the $1,250 million 3.869% Callable                
 Fixed-to-Floating Rate Senior Notes (CUSIP 456837 BA0 / ISIN US456837BA00) on their call date of March 28, 2025. Both series are included in the above table on the                                                             
 lines ‘Debt securities in issue’ and ‘Debt securities designated at fair value through profit or loss’, with total amounts of €1,687 million and €15 million, respectively. Other than as set forth herein, there               
 has been no material change since December 31, 2024 in the capitalization and indebtedness of the Group.                                                                                                                        |

S-23

USE OF PROCEEDS

After deduction of the underwriting compensation stated on the cover of this prospectus supplement and expenses payable by the Issuer
estimated at $747,700, the net proceeds from the sale of the notes are estimated to be $3,491,652,300. The Issuer intends to use the net proceeds of the offering of the notes for its general corporate purposes.

S-24

DESCRIPTION OF NOTES The following description of the notes supplements the description of the notes in the accompanying prospectus. If this prospectus supplement is inconsistent with the accompanying prospectus, this prospectus supplement will prevail with regard to the notes. Accordingly, to the extent that certain sections in the following description of the notes provide for different terms than in the applicable corresponding sections in the accompanying prospectus, then the sections in the following description shall supersede and replace in their entirety the applicable corresponding sections in the accompanying prospectus. Each of the notes will constitute a series of Senior Debt Securities issued under the Indenture. The terms of the notes include those stated in the Indenture and any supplements thereto, and those terms made part of the Indenture by reference to the Trust Indenture Act. References to “you” and “holder” in the subsections “— Agreement and Acknowledgement with Respect to the Exercise of Dutch Bail-inPower,” “— Subsequent Holders’ Agreement” and “— Payment of Additional Amounts” below, include beneficial owners of the notes. Description of the Notes Each series of the fixed-to-floatingrate notes will be issued in the applicable aggregate principal amount, and unless previously redeemed and cancelled, will mature on the applicable Maturity Date, as set forth in the table below, and, from (and including) the Issue Date to (but