Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 75

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 75
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 on Bloomberg
or, as the case may be, on such other page provided by such information service that may replace Bloomberg, in each case, as may be nominated by the person providing or sponsoring the information appearing there for the purpose of displaying
comparable rates.

“SOFR” unless the context otherwise requires, means, in respect of any Business Day, a reference
rate equal to the daily Secured Overnight Financing Rate as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) on the New York Fed’s Website, in each case on or
about 5:00 p.m. (New York City Time) on the Business Day immediately following such Business Day.

“Successor Rate”
means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.

Publication of Reset Interest Rate and reset interest amounts

The Interest Calculation Agent will cause the applicable interest rate for the Reset Period commencing on the relevant Reset Date and the
corresponding interest amount for each Interest Period falling in that Reset Period to be notified to the Paying Agents and the GEM or any other stock exchange on which the Securities are for the time being listed or admitted to trading, to holders,
in each case as soon as practicable after their determination but in any event not later than the fourth business day thereafter. To the extent the Interest Calculation Agent is unable to notify the stock exchange on which the Securities are for the
time being listed or admitted to trading, the Interest Calculation Agent will immediately notify the Issuer, and upon receipt of such notice from the Interest Calculation Agent the Issuer shall procure that such interest rate and interest amount are
notified to the relevant stock exchange.

Interest Calculation Agent

With effect from the First Reset Date, and so long as any Securities remain outstanding thereafter and a function expressed in the conditions
to be performed by the Interest Calculation Agent falls to be performed, the Issuer will maintain an Interest Calculation Agent.

The
Issuer may from time to time replace the Interest Calculation Agent with another leading investment, merchant or commercial bank or financial institution in London. If the Interest Calculation Agent is

S-61

unable or unwilling to continue to act as the Interest Calculation Agent or fails duly to determine the interest rate in respect of any Reset Period or to calculate the corresponding interest amount, the Issuer shall appoint another leading investment, merchant or commercial bank or financial institution in London to act as such in its place. The Interest Calculation