Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 66

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 66
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 between the Issuer and The Bank of New York Mellon, London Branch, as trustee, as supplemented by a supplemental indenture with respect to the Securities, to be entered into on or about the date the Securities are first issued. References to the “ Indenture” are to the Original Indenture as supplemented by the supplemental indenture. The terms of the Securities include those stated in the Indenture and those terms made part of the Indenture by reference to the Trust Indenture Act. Capitalized terms used and not defined in this “Description of the Securities” have the respective meanings given to them in the Indenture. General The Securities shall initially be issued in an aggregate principal amount of $1,500,000,000. The Securities:

| • |     | are perpetual securities with no fixed maturity or redemption date; |

| • |     | are not redeemable at the option or election of holders; |

| • |     | may be redeemed at the Issuer’s option, in whole but not in part, on the First Reset Date (as defined 
 herein) and on any Interest Payment Date (as defined herein) thereafter;                              |

| • |     | may be redeemed at the Issuer’s option, in whole but not in part, at any time if at least 75% of the                         
 aggregate principal amount of the Securities has been redeemed or purchased and cancelled, subject to redemption conditions; |

| • |     | may be redeemed at the Issuer’s option, in whole but not in part, at any time in the event of certain 
 regulatory or tax events, as described under “—Redemption”;                                           |

| • |     | provide that payments of interest shall be due and payable at the sole and absolute discretion of the Issuer and,                           
 in certain circumstances, shall not be paid, and any such interest not paid shall be cancelled as described under “—Interest Cancellation”; |

| • |     | automatically convert into ordinary shares if a Trigger Event occurs, as described under “—Conversion 
 Upon Trigger Event”;                                                                                  |

| • |     | are subject to the exercise of the Dutch Bail-in Power by the relevant                                                             
 resolution authority, as described under “—Agreement and Acknowledgement with Respect to the Exercise of Dutch Bail-in Power”; and |

| • |     | constitute the Issuer’s unsecured obligations ranking pari passu without any preference among 
 themselves and rank subordinate to Senior Instruments as described under “—Ranking.”          |

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