Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 85

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 85
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 substitution or replacement, transfer of debt, expropriation, modification of terms and/or suspension or termination of listings. Other relevant powers
of the competent authorities may be to amend or alter the maturity date and/or any interest payment date of debt instruments or other bail-inable liabilities of the relevant financial institution, including by suspending payment for a temporary
period, or to amend the interest amount payable under such instruments. None of these actions would be expected to constitute an event of default under those instruments or other eligible or bail-inable liabilities entitling holders to seek
repayment. The application of actions, measures or powers as meant in this section may adversely affect the value of the relevant securities or result in an investor in the relevant securities losing all or some of his investment. Each prospective
investor in our securities should refer to the sections entitled “Item 3: Key Information — Risk Factors — Risks related to the regulation and supervision of the Group — We are subject to several other bank recovery and
resolution regimes that include statutory write down and conversion as well as other powers, which remains subject to significant uncertainties as to scope and impact on us.” and “Item 4. Information on the Company — Regulation and
Supervision — Regulatory Developments — Bank Recovery and Resolution Directive.” in the 2021 Form 20-F or similar information included in other documents incorporated by reference into this
registration statement.

Under the terms of our debt securities and capital securities, you have agreed to be bound by the exercise of any Dutch Bail-inPower by the relevant resolution authority.

Notwithstanding any other
agreements, arrangements or understandings between us and any holder or beneficial holder of our debt securities or capital securities, by acquiring any of our debt securities and capital securities, each holder and beneficial owner of our debt
securities and capital securities or any interest therein acknowledges, accepts, recognizes, agrees to be bound by, and consents to the exercise of, any Dutch Bail-in Power by the relevant resolution authority
that may result in the reduction, cancellation or write-down (whether or not on a permanent basis) of all, or a portion, of the principal amount of, or interest on, our debt securities and capital securities and/or the conversion of all or a portion
of the principal amount of, or interest on, our debt securities and capital securities into shares or other securities or other obligations of us or another person (whether or not at the point of non-viability
and independently of or in combination with a resolution action), including by