Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 187

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 187
---
 the subsidiaries through which we conduct our businesses, our cash flow and our consequent ability to service our debt, including the debt securities, are largely dependent upon the cash flow and earnings of our subsidiaries, including dividends we receive from some of those subsidiaries. In addition, our right to participate as an equity holder in any distribution of assets of any of our subsidiaries upon the subsidiary’s liquidation or otherwise, and thus the ability of our security holders to benefit from the distribution, is junior to the rights of creditors of the subsidiary, except to the extent that any claim we may have as a creditor of the subsidiary is recognized. In addition, dividends, loans and advances to us from some of our subsidiaries may be restricted by the net capital requirements of our various regulators. We also guarantee certain obligations of some of our subsidiaries; as a result, any liability we may have for our subsidiaries’ obligations could reduce our assets that are available to satisfy our direct creditors, including investors in our securities. The indentures do not limit the amount of debt securities that we may issue. We may issue the debt securities in one or more series, or as units comprised of two or more related series. Your prospectus supplement will describe the specific terms of your debt security, which will include some or all of the following:

| • |     | the title of the series of debt securities; |

-19-

| • |     | whether it is a senior debt security or a subordinated debt security; |

| • |     | any limit on the total principal amount of the debt securities of the same series; |

| • |     | the stated maturity or maturities, if any; |

| • |     | the price at which we will originally issue your debt security, expressed as a percentage of the principal amount 
 of the debt securities of the same series, and the original issue date;                                           |

| • |     | any provisions for “reopening” the offering at a later time to offer additional debt securities 
 having the same terms as your debt security;                                                    |

| • |     | the authorized denominations, if other than $1,000 and integral multiples of $1,000; |

| • |     | the specified currency or currencies for principal and interest, if not U.S. dollars; |

| • |     | if we or you have a right to choose the currency, currency unit or composite currency in which payments on any of                                                                                                                                      
 the debt securities of the series will be made, the currency, currency unit or composite currency