Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 210

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 210
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 securities will not have the benefit of any restrictive covenants unless your prospectus supplement specifically provides that they do. If we accomplish covenant defeasance with regard to your debt security, the following provisions of the indenture and the debt securities would no longer apply:

| • |     | any additional covenants that your prospectus supplement may state are applicable to your debt security; and |

If we accomplish covenant defeasance, you can still look to us for repayment of your debt security in the event of any shortfall in the trust deposit. You should note, however, that if an event of default occurs, like our bankruptcy, and your debt security becomes immediately due and payable, there may be a shortfall. Depending on the event causing the default, you may not be able to obtain payment of the shortfall. Our ability to effect full defeasance or covenant defeasance with respect to any series of debt securities will be subject to obtaining the prior permission of the relevant resolution authority and/or competent authority, as described in “Conditions to Redemption, Substitution, Variation and Repurchase” above. Unless otherwise specified in the applicable prospectus supplement, such permission may be granted for the purpose of defeasance or covenant defeasance only if there is a change in the applicable tax treatment of such debt securities which we demonstrate to the satisfaction of the relevant resolution authority and/or competent authority, as applicable, is material and was not reasonably foreseeable at the time of the issuance of such debt securities. Events of Default and Remedies Events of Default and Acceleration of Principal Unless otherwise specified in your prospectus supplement, an “event of default” with respect to any series of debt securities will result only if:

| • |     | we are declared bankrupt by a court of competent jurisdiction in The Netherlands (or such other jurisdiction in 
 which we may be organized); or                                                                                  |

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| • |     | an order is made or an effective resolution is passed for our winding-up                                                                                                                                                                            
 or liquidation, unless this is done in connection with a merger, consolidation or other form of combination with another company and (a) we are permitted to enter into such merger, consolidation or combination pursuant the provisions described 
 under “— Mergers and Similar Transactions” above or (b) the requisite majority of holders of the relevant series of debt securities, as described under “Modifications of the Indentures—Changes Requiring Majority                                 
 Approval”, has waived the requirement that we comply with the covenant contained in “— Mergers and Similar Transactions