Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 30

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 30
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 2030 and the applicable Maturity Date,
(iii) interest on the 2036 notes will be payable quarterly in arrear on , 2035, , 2035, , 2035 and the applicable Maturity Date and (iv) interest on the
floating rate notes will be payable quarterly in arrear on , , and in each year, commencing on , 2025, and ending
on (and including) the applicable Maturity Date (each a “Floating Rate Interest Payment Date” and, together with each Fixed Rate Interest Payment Date, an “Interest Payment Date”); provided that if any Floating Rate
Interest Payment Date (other than the applicable Maturity Date or any date of redemption or repayment) would fall on a day that is not a Business Day (as defined below), such Floating Rate Interest Payment Date will be postponed to the next
succeeding Business Day. If the next succeeding Business Day falls in the next calendar month, however, then the relevant Floating Rate Interest Payment Date (other than the applicable Maturity Date or any date of redemption or repayment) shall be
brought forward to the immediately preceding day that is a Business Day.

The regular record dates for the notes will be the Business Day
immediately preceding each Interest Payment Date for each series (or, if the notes are held in definitive form, the 15th Business Day preceding each Interest Payment Date).

If the Maturity Date or date of redemption or repayment is not a Business Day, the Issuer will pay interest and principal and/or any amount
payable upon redemption of the notes on the next succeeding Business Day, but interest on such payment will not accrue during the period from and after such original Maturity Date or date of redemption or repayment.

During the applicable Fixed Rate Period, interest on each series of the
fixed-to-floating rate notes will be computed on the basis of a 360-day year of twelve
30-day months.

During the applicable Floating Rate Period, interest on each series of the notes
will be computed on the basis of the actual number of days in each Interest Period and a 360-day year.

“Business Day” means any weekday, other than one on which banking institutions are authorized or obligated by law or
executive order to close in London, England, Amsterdam, The Netherlands or in the City of New York, United States.

S-27

Calculation of Interest During the Floating Rate Period

During the applicable Floating Rate Period, the interest period with respect to each of the