Bond ING Group 4% ( XS1683357252 ) in USD

Issuer ING Group
Market price refresh price now   100 %  ⇌ 
Country  Netherlands
ISIN code  XS1683357252 ( in USD )
Interest rate 4% per year ( payment 1 time a year)
Maturity 13/09/2032



Prospectus brochure of the bond ING Groep XS1683357252 en USD 4%, maturity 13/09/2032


Minimal amount /
Total amount /
Next Coupon 14/09/2025 ( In 130 days )
Detailed description ING Groep is a global financial institution offering banking, investments, and insurance services across various markets.

The Bond issued by ING Group ( Netherlands ) , in USD, with the ISIN code XS1683357252, pays a coupon of 4% per year.
The coupons are paid 1 time per year and the Bond maturity is 13/09/2032







Final Terms dated 12 September 2017
ING Groep N.V.
Issue of USD 100,000,000 Fixed Rate Subordinated Tier 2 Notes due 14 September 2032
under the 55,000,000,000 Debt Issuance Programme
The Notes will not be registered under the Securities Act and may not be sold except (i) in accordance with
Rule 144A under the Securities Act, (ii) in an offshore transaction in accordance with Rule 903 or Rule 904
of Regulation S under the Securities Act, (iii) pursuant to an effective registration statement under the
Securities Act or (iv) in any other transaction that does not require registration under the Securities Act.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS ­ The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who
is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU
("MiFID II"); (ii) a customer within the meaning of Directive 2002/92/EC ("IMD"), where that customer
would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a
qualified investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive").
Consequently no key information document required by Regulation (EU) No 1286/2014 (the "PRIIPs
Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the
EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to
any retail investor in the EEA may be unlawful under the PRIIPS Regulation.
The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis
that any offer of Notes in any Member State of the European Economic Area which has implemented the
Prospectus Directive, (each, a "Relevant Member State") will be made pursuant to an exemption under the
Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a
prospectus for offers of the Notes. Accordingly any person making or intending to make an offer in that
Relevant Member State of the Notes may only do so in circumstances in which no obligation arises for the
Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement
a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of Notes in
any other circumstances.
Part A -- Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of the
Notes (the "Conditions") set forth in the Base Prospectus dated 31 March 2017 as supplemented from time
to time, which constitutes a base prospectus for the purposes of the Prospectus Directive. This document
constitutes the Final Terms applicable to the issue of Notes described herein for the purposes of Article 5.4
of the Prospectus Directive (as implemented by the Dutch Financial Supervision Act (Wet op het financieel
toezicht) and its implementing regulations) and must be read in conjunction with such Base Prospectus. Full
information on the Issuer and the offer of the Notes is only available on the basis of the combination of these
Final Terms and the Base Prospectus. The Base Prospectus is available for viewing at the Issuer's website
(www.ing.com/Investor-relations/Fixed-income-information.htm) and copies may be obtained from ING
Groep N.V., c/o ING Bank N.V. at Foppingadreef 7, 1102 BD Amsterdam, The Netherlands.
Prospective investors should carefully consider the section "Risk Factors" in the Base Prospectus.



1


General Description of the Notes
1
Issuer:
ING Groep N.V.
2
(i) Series Number:
0188

(ii) Tranche Number:
1

(iii) Date on which the Notes will be Not Applicable
consolidated and form a single series:
3
Specified Currency or Currencies:
USD
4
Aggregate Nominal Amount:
USD 100,000,000

(i) Tranche:
USD 100,000,000

(ii) Series:
USD 100,000,000
5
Issue Price:
100 % of the Aggregate Nominal Amount
6
(i) Specified Denominations:
USD 200,000

(ii) Calculation Amount:
Not Applicable
7
(i) Issue Date:
14 September 2017

(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
14 September 2032
9
Interest Basis:
Fixed Rate
(further particulars specified below)
10 Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their Aggregate
Nominal Amount.
11 Change of Interest Basis:
Not Applicable
12 Put/Call Options:
Issuer Call
(further particulars specified below)
13 (i) Status of the Notes:
Subordinated
(ii) Status of the Subordinated Notes:
Tier 2 Notes
Provisions relating to Interest (if any) payable
14 Fixed Rate Note Provisions
Applicable

(i) Rate(s) of Interest:
From (and including) the Interest Commencement
Date up to (but excluding) the Optional
Redemption Date 4.000% per annum; and
From (and including) the Optional Redemption
Date up to (but excluding) the Maturity Date the
aggregate of 1.943 per cent. and the Mid Swap
Rate per annum determined by the Agent, payable
annually in arrear.
"Mid Swap Rate" means the annual mid swap
2


rate for U.S. dollar swap transactions with a
maturity of 5 years, expressed as a percentage,
displayed on ICAP screen page (ICAP Americas)
for USD swaps (or such other page as may
replace that page on Bloomberg, or such other
service as may be nominated by the person
providing or sponsoring the information
appearing there for the purposes of displaying
comparable rates) at 11.00 a.m. (New York time)
on the second Business Day prior to the Optional
Redemption Date.

(ii) Interest Payment Date(s):
14 September in each year, commencing on 14
September 2018, up to and including the Maturity
Date.

(iii) Fixed Coupon Amount(s):
For each Fixed Interest Period, as defined in
Condition 4(a), the Fixed Coupon Amount will be
an amount equal to the Specified Denomination
multiplied by the Rate of Interest multiplied by
the Day Count Fraction with the resultant figure
being rounded to the nearest sub-unit of the
Specified Currency, half of any such sub-unit
being rounded upwards.

(iv) Broken Amount(s):
Not Applicable

(v) Day Count Fraction:
30/360

(vi) Determination Dates:
Not Applicable

(vii) Business Day Convention:
Following Business Day Convention
(Unadjusted)

(viii) Interest Amount Adjustment:
Not Applicable

(ix) Additional Business Centre(s):
London and TARGET

(x) Party responsible for calculating the Calculation Agent
Interest Amount(s):

(xi) Other terms relating to the method of None
calculating interest for Fixed Rate Notes:
15 Floating Rate Note Provisions
Not Applicable
16 Zero Coupon Note Provisions
Not Applicable
Provisions relating to Redemption
17 Issuer Call
Applicable

(i) Optional Redemption Date(s):
14 September 2027

(ii) Optional Redemption Amount of each USD 200,000 per Note of USD 200,000 Specified
Note:
Denomination

(iii) If redeemable in part:
Not Applicable
3



(iv) Notice period:
As per Conditions
18 Investor Put
Not Applicable
19 Regulatory Call
Applicable

(i) Optional Redemption Amount of each USD 200,000 per Note of USD 200,000 Specified
Note:
Denomination

(ii) Notice period:
As per Conditions
20 Loss Absorption Disqualification Call
Not Applicable
21 Final Redemption Amount of each Note
USD 200,000 per Specified Denomination
22 Early Redemption Amount


(i) Early Redemption Amount of each Note USD 200,000 per Specified Denomination
payable on redemption for taxation reasons
or on event of default:

(ii) Notice period:
As per Conditions
General Provisions Applicable to the Notes
23 Form of Notes:


(i) Form:
Bearer Notes:


Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes only on the occurrence of an
Exchange Event, subject to mandatory provisions
of applicable laws and regulations

(ii) New Global Note:
No
24 Additional Financial Centre(s) or other special
London and TARGET
provisions relating to Payment Dates:
25 Talons for future Coupons to be attached to
No
Definitive Notes (and dates on which such

Talons mature):
26 Other final terms relating to SIS Notes:
Not Applicable






4


Responsibility
The Issuer accepts responsibility for the information contained in these Final Terms. To the best of the
knowledge and belief of the Issuer (having taken all reasonable care to ensure that such is the case) the
information contained in these Final Terms is in accordance with the facts and does not omit anything likely
to affect the import of such information.
Signed on behalf of the Issuer:

By: .........................................



By:.........................................
Duly authorised





Duly authorised



5


Part B -- Other Information
1
Listing and Trading
(i) Listing and admission to trading
Application is expected to be made by the Issuer
(or on its behalf) for the Notes to be admitted to
trading on Euronext Amsterdam with effect from
the Issue Date.
(ii) Estimate of total expenses related to EUR 9,500
admission to trading:

2
Ratings
Ratings:
The Notes to be issued are expected to be rated:
Fitch: A

3
Interests of Natural and Legal Persons involved in the Issue
Save for any fees payable to the Dealers, so far as the Issuer is aware, no person involved in the issue
of the Notes has an interest material to the offer. The Dealers and their affiliates have engaged, and may
in the future engage, in investment banking and/or commercial banking transactions with, and may
perform other services for, the Issuer and its affiliates in the ordinary course of business.
4
Reasons for the offer, estimated net proceeds and total expenses
(i) Reasons for the offer:
(See "Use of Proceeds" wording in Base
Prospectus)
(ii) Estimated net proceeds:
USD 100,000,000
(iii) Estimated total expenses:
See paragraph 1 above.

5
Yield (Fixed Rate Notes only)
Indication of yield:
4.000%.

As set out above, the yield is calculated at the
Issue Date on the basis of the Issue Price. It is
not an indication of future yield.

6
Operational Information
(i) ISIN:
XS1683357252
(ii) Common Code:
168335725
(iii) Other relevant code:
Not Applicable
(iv) Any clearing system(s) other than
Not Applicable
Euroclear Bank SA/NV and Clearstream
Banking, S.A., Euroclear Netherlands and
6


the Depository Trust Company and the
relevant identification number(s):
(v) Swiss Securities Number:
Not Applicable
(vi) Delivery:
Delivery against payment
(vii) Name and address of Swiss Paying Agent:
Not Applicable
(viii) Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):
(ix) Name and address of Calculation Agent:
Not Applicable
(x) Intended to be held in a manner which
No
would allow Eurosystem eligibility:
Whilst the designation is set at "No", should the
Eurosystem eligibility criteria be amended in the
future the Notes may then be deposited with one
of the International Central Securities
Depositories as Common Safekeeper. Note that
this does not necessarily mean that the Notes will
ever be recognised as eligible collateral for
Eurosystem monetary policy and intraday credit
operations by the Eurosystem at any time during
their life. Such recognition will depend upon the
ECB being satisfied that Eurosystem eligibility
criteria have been met.

7
Distribution
(i) Method of distribution:
Syndicated
(ii) If syndicated, names of Managers:
UBS Limited and ING Bank N.V.
(iii) Stabilising Manager(s) (if any):
Not Applicable
(iv) If non-syndicated, name of Dealer:
Not Applicable
(v) Total commission and concession:
Not Applicable
(vi) U.S. Selling Restrictions:
Reg. S Compliance Category2; TEFRA D Rules
Applicable
(vii) ERISA:
Not Applicable
(viii) Prohibition of Sales to EEA Retail Applicable
Investors:

7


Document Outline