Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 142

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 142
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 Bail-in Power (as defined below) in connection 
 with applicable regulatory capital, loss absorbing capacity or other requirements; and                                |

| · |     | what we believe are any additional material U.S. federal and Dutch tax considerations. |

The prospectus supplement relating to any series of capital securities may also include, if applicable, a discussion of certain considerations under ERISA. Capital securities may bear interest at a fixed rate or a floating rate or we may issue capital securities that bear no interest or that bear interest at a rate below the prevailing market interest rate or at a discount to their stated principal amount. The relevant prospectus supplement will describe special U.S. federal income tax considerations applicable to discount securities or to capital securities issued at par that are treated for U.S. federal income tax purposes as having been issued at a discount. -51-

While this prospectus describes terms that apply generally to all the capital securities, the prospectus supplement applicable to your capital securities will summarize specific financial and other terms of your capital securities. Consequently, as you read this section, please remember that the specific terms of your capital securities as described in your prospectus supplement will supplement and, if applicable, may modify or replace the general terms described in this section. If there are any differences between your prospectus supplement and this prospectus, your prospectus supplement will control. Thus, the statements we make in this section may not apply to your capital securities. Holders of capital securities have no voting rights except as explained in this section below under “— Modifications of the Capital Securities Indenture,” “— Events of Default,” “— Trustee’s Duties” and “— Limitation on Suits.” Principal and Interest The relevant prospectus supplement will specify the date on which we will pay interest, if any, the date, if any, for payments of principal and any premium, if any, on any particular series of capital securities. The Capital Securities Indenture The capital securities are governed by a document called an indenture, which is a contract between us and The Bank of New York Mellon, which will initially act as trustee. The indenture does not limit our ability to incur additional indebtedness, including capital securities and additional senior indebtedness. The trustee under the indenture has two main roles:

| · |     | first, the trustee can enforce your rights against us if we default. There are some limitations on the extent to which the trustee acts on your behalf, which 
 we describe later under “— Limitations on Suits”; and