Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 149

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 149
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 and rely on their counsel and advisors as to whether an investment in
Securities is suitable and consistent with ERISA, Section 4975 of the Code and any Similar Laws, as applicable.

The sale of any
Securities offered hereby to a Plan or Non-ERISA Arrangement is in no respect a representation by any of the Transaction Parties or their representatives that such an investment meets all relevant legal
requirements with respect to investments by any such Plans or Non-ERISA Arrangements generally or any particular Plan or Non-ERISA Arrangement or that such investment is
appropriate for such Plans or Non-ERISA Arrangements generally or any particular Plan or Non-ERISA Arrangement.

S-108

UNDERWRITING

| Underwriters                     |     | Principal     
 Amount of the 
 Securities    |               |
|:---------------------------------|:----|:--------------|--------------:|
| ING Bank N.V.                    |     | $             |   689,583,000 |
| BofA Securities, Inc.            |     | $             |   166,667,000 |
| BNP Paribas Securities Corp.     |     | $             |   125,000,000 |
| Goldman Sachs & Co. LLC          |     | $             |   125,000,000 |
| J.P. Morgan Securities LLC       |     | $             |   125,000,000 |
| Santander US Capital Markets LLC |     | $             |   125,000,000 |
| Standard Chartered Bank AG       |     | $             |   125,000,000 |
| DBS Bank Ltd.                    |     | $             |    18,750,000 |
| Total                            |     | $             | 1,500,000,000 |

Subject to the terms and conditions set forth in the Underwriting Agreement, dated September 2, 2025, between the Issuer and the underwriters named below, the Issuer agreed to issue to the underwriters, and each underwriter has severally and not jointly undertaken to purchase the principal amount of the Securities set forth opposite its name below: The underwriting agreement provides that the obligations of the underwriters are subject to certain conditions precedent and that the underwriters have undertaken to purchase all the Securities offered by this prospectus supplement if any of these Securities are purchased. The underwriters propose to offer the Securities directly to the public at the price to public set forth on