Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 86

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 86
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 made under the circumstances described in the section entitled “Description of Capital Securities — Payment of Additional Amounts with Respect to the Capital Securities” in the accompanying prospectus. Furthermore, Additional Amounts shall only be paid in the event that deduction or withholding relates to interest payments (and not payments of principal), and subject to the restrictions described under “— Interest Cancellation — Restriction on Interest Payments” above. Redemption Subject to the conditions set forth below and as described under “— Conditions to Redemption, Substitution, Variation and Purchase” below, the Issuer may, at its option, redeem all, but not less than all, of the Securities (i) on the First Reset Date and on any subsequent Interest Payment Date with respect to the Securities, (ii) at any time if at least 75% of the aggregate principal amount of the Securities issued have been redeemed or purchased and cancelled, (iii) at any time if a Regulatory Event has occurred and is then continuing, or (iv) at any time if a Tax Event has occurred and is then continuing, in each of cases (i)-(iv), at their principal amount, plus accrued and unpaid interest to the redemption date (including Additional Amounts, if any), excluding any interest that has been cancelled or deemed cancelled in accordance with the provisions described under “— Interest Cancellation — Interest Payments Discretionary” or that the Issuer would not be permitted to pay pursuant to the provisions described under “— Interest Cancellation — Restriction on Interest Payments.” A “ Regulatory Event” is deemed to have occurred if at any time on or after the Issue Date, as a result of a change in the regulatory classification of the Securities, the Securities have been or will be excluded from the own funds of the Issuer, calculated in accordance with Article 11 of the CRR on the basis of the consolidated situation of the Issuer as the parent financial holding company for ING Bank, or reclassified as own funds of lower quality (that is, no longer Additional Tier 1 Capital), in each case whether in whole or in part, provided that, for the avoidance of doubt, a Regulatory Event shall not be deemed to have occurred in the case of a partial exclusion of the Securities as a result of a Conversion. “ Additional Tier 1 Capital” at any time, has the meaning given thereto (or to any equivalent term) at such time, by the Capital Regulations. The “ Bank” means ING Bank N.V. A “ Tax Event” is deemed to have occurred if the