Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 51

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 51
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 Absorption Disqualification Event shall not occur where the exclusion of the notes from the relevant minimum requirement(s) is due to the remaining maturity of the notes being less than any period prescribed by any applicable eligibility criteria for such minimum requirements under the relevant Loss Absorption Regulations effective with respect to the Issuer and/or the Regulatory Group on the Issue Date of the notes. S-39

In the case of a substitution or modification of the terms of the notes of any series, depending on the terms of the modified notes, the substitution or variation might be considered for U.S. federal income tax purposes to be a deemed exchange by the U.S. beneficial owners of such notes for new notes, which may result in recognition of taxable gain or loss for these purposes and possible other adverse U.S. tax consequences for such beneficial owners. U.S. beneficial owners of notes should consult their tax advisors regarding the U.S. federal, state and local income tax consequences of a substitution or variation.

Payment of Additional Amounts

Payment of Additional Amounts, if any, shall be made under the circumstances described in the section entitled “Description of Debt
Securities — Payment of Additional Amounts with Respect to the Debt Securities” in the accompanying prospectus.

Subsequent Holders’ Agreement

Holders or beneficial owners of notes that acquire them in the secondary market shall be deemed to acknowledge, accept and
agree to be bound by and consent to the same provisions specified herein to the same extent as the holders or beneficial owners of the notes that acquire the notes upon their initial issuance, including, without limitation, with respect to the
acknowledgement and agreement to be bound by and consent to the terms of the notes, including in relation to the Dutch Bail-in Power.

Paying Agent

The trustee, acting
through its office at 160 Queen Victoria Street, London EC4V 4LA, United Kingdom is designated as the principal paying agent. The Issuer may at any time designate additional paying agents or rescind the designation of paying agents or approve a
change in the office through which any paying agent acts.

Governing Law

The Indenture and the notes will be governed by, and construed in accordance with, the laws of the State of New York, except for the waiver of
set-off provisions, which will be governed by Dutch law.

Book-Entry Issuance

The notes will be issued initially as registered global securities in book-entry form and will be represented by one or more global
certificates registered in the name of a nominee of