Bond ING Group 0.1% ( XS2049154078 ) in EUR

ING Group

100.03 % ▲

Netherlands

XS2049154078 ( in EUR )

0.1% per year ( payment 1 time a year)

03/09/2025

Prospectus brochure of the bond ING Groep XS2049154078 en EUR 0.1%, maturity 03/09/2025

03/09/2025 ( In 119 days )

ING Groep is a global financial institution offering banking, investments, and insurance services across various markets.

The Bond issued by ING Group ( Netherlands ) , in EUR, with the ISIN code XS2049154078, pays a coupon of 0.1% per year.
The coupons are paid 1 time per year and the Bond maturity is 03/09/2025

Final Terms dated 30 August 2019
ING Groep N.V.
Legal entity identifier (LEI): 549300NYKK9MWM7GGW15
Issue of EUR 1,000,000,000 Fixed-to-Floating Rate Senior Notes due September 2025
under the 70,000,000,000 Debt Issuance Programme
MIFID II product governance / Professional investors and ECPs only target market Solely for the
purposes of each manufacturer's product approval process, the target market assessment in respect of the Notes
has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional
clients only, each as defined in Directive 2014/65/EU (as amended, "MiFID II"); and (ii) all channels for
distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person
subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the
manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible for
undertaking its own target market assessment in respect of the Notes (by either adopting or refining the
manufacturers' target market assessment) and determining appropriate distribution channels.
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 MiFID II; (ii) a customer within
the meaning of Directive 2016/97/EU ("IDD"), 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 Regulation
(EU) 2017/1129 (the "Prospectus Regulation"). Consequently no key information document required by
Regulation (EU) No 1286/2014 (as amended, 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 Directive
2003/71/EC, as amended or superseded from time to time( 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 29 March 2019 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.
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Prospective investors should carefully consider the section "Risk Factors" in the Base Prospectus.
General Description of the Notes
1
Issuer:
ING Groep N.V.
2
(i) Series Number:
224
(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:
Euro (EUR or )
4
Aggregate Nominal Amount:
(i) Tranche:
1,000,000,000
(ii) Series:
1,000,000,000
5
Issue Price:
99.975% of the Aggregate Nominal Amount
6
(i) Specified Denominations:
100,000
(ii) Calculation Amount:
Not Applicable
7
(i) Issue Date:
3 September 2019
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
Interest Payment Date falling in or nearest to
September 2025
9
Interest Basis:
0.10% Fixed Rate from (and including) the
Issue Date to (but excluding) the Optional
Redemption Date (further particulars specified
in paragraph 14 below).
From (and including) the Optional
Redemption Date to (but excluding) the
Maturity Date, 3 Month EURIBOR + 0.60%
Floating Rate (further particulars specified in
paragraph 15 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 :
In accordance with paragraphs 14 and 15
below
12
Put/Call Options:
Issuer Call
(further particulars specified below)
13
(i) Status of the Notes:
Senior
Waiver of set-off (Condition 2) applicable
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(i)(a) Waiver of set-off and Status of the
Senior Notes:
Provisions relating to Interest (if any) payable
14
Fixed Rate Note Provisions
Applicable
(i) Rate of Interest:
From (and including) the Issue Date to (but
excluding) the Optional Redemption Date,
0.10% per annum payable annually in arrear.
(ii) Interest Payment Dates:
3 September in each year, commencing on 3
September 2020, up to (and including) the
Optional Redemption Date, adjusted in
accordance with the Business Day Convention
specified in sub-paragraph 14(vii).
(iii) Fixed Coupon Amount(s):
100 per Specified Denomination
(iv) Broken Amount(s):
Not Applicable
(v) Day Count Fraction:
Actual/Actual (ICMA)
(vi) Determination Dates:
3 September in each year
(vii) Business Day Convention:
Following Business Day Convention
(Unadjusted)
(viii)Interest Amount Adjustment:
Not Applicable
(ix) Additional Business Centre(s):
No Additional Business Centre(s)
(x) Party responsible for calculating the Agent
Interest Amount(s):
(xi) Other terms relating to the method of None
calculating interest for Fixed Rate Notes:
15
Floating Rate Note Provisions
Applicable
(i) Specified Period(s)/Specified Interest The Specified Interest Payment Dates are 3
Payment Dates:
December 2024, 3 March 2025, 3 June 2025
and 3 September 2025, subject to adjustment
in accordance with the Business Day
Convention specified in 15(ii) below
(ii) Business Day Convention:
Modified Following Business Day Convention
(Adjusted)
(iii) Additional Business Centre(s):
No Additional Business Centre(s)
(iv) Manner in which the Rate of Interest and Screen Rate Determination
Interest Amount(s) is/are to be
determined:
(v) Party responsible for calculating the Rate Agent
of Interest and Interest Amount(s):
(vi) Screen Rate Determination:
Applicable
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- Reference Rate:
3 month EURIBOR
- Interest Determination Date(s):
Second Business Day prior to the start of each
Interest Period
- Relevant Screen Page:
Reuters Page EURIBOR01
(vii) ISDA Determination:
Not Applicable
(viii)Margin(s):
+0.60% per annum
(ix) Minimum Rate of Interest:
Not Applicable
(x) Maximum Rate of Interest:
Not Applicable
(xi) Day Count Fraction:
Actual/360
16
Zero Coupon Note Provisions
Not Applicable
Provisions relating to Redemption
17
Issuer Call
Applicable
(i) Optional Redemption Date(s):
3 September 2024
(ii) Optional Redemption Amount of each 100,000 per Specified Denomination
Note:
(iii) If redeemable in part:
Not Applicable
(iv) Notice period:
As per Conditions
18
Investor Put
Not Applicable
19
Regulatory Call
Not Applicable
20
Loss Absorption Disqualification Call
Applicable
(i) Optional Redemption Amount of each 100,000 per Specified Denomination
Note:
(ii) Notice period:
As per Conditions
(iii) Full exclusion required or partial Partial exclusion sufficient
exclusion sufficient:
21
Final Redemption Amount of each Note
100,000 per Specified Denomination
22
Early Redemption Amount
(i) Early Redemption Amount of each Note Condition 6(f)(i) applies
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:
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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:
Yes
24
Additional Financial Centre(s) or other
Not Applicable
special 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
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.
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Signed on behalf of the Issuer:
By: ..
Duly authorised
By: ..
Duly authorised
A39835280

Part B -- Other Information
1
Listing and Trading
(i) Listing and admission to trading
Application has been 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 admission 5,075
to trading:
2
Ratings
Ratings:
The Notes to be issued are expected to be rated:
Standard & Poor's: A-
Moody's: Baa1
Fitch: A+
3
Interests of Natural and Legal Persons involved in the Issue
Save for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the issue of the
Notes has an interest material to the offer. The Managers 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
Operational Information
(i) ISIN:
XS2049154078
(ii) Common Code:
204915407
(iii) CMU Instrument Number
Not Applicable
(iv) Other relevant code:
Not Applicable
(v) Any clearing system(s) other than Euroclear
Not Applicable
Bank SA/NV and Clearstream Banking, S.A.,
the CMU, Euroclear Netherlands and the
Depository Trust Company and the relevant
identification number(s):
(vi) Swiss Securities Number:
Not Applicable
(vii) Delivery:
Delivery against payment
(viii)Name and address of Swiss Paying Agent:
Not Applicable
(ix) Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):
(x) Name and address of Calculation Agent:
Not Applicable
(xi) Intended to be held in a manner which would
Yes
allow Eurosystem eligibility:
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Note that the designation "Yes" simply means that
the Notes are intended upon issue to be deposited
with one of the International Central Securities
Depositories as Common Safekeeper and does not
necessarily mean that the Notes will be recognised as
eligible collateral for Eurosystem monetary policy
and intra day credit operations by the Eurosystem
either upon issue or at any or all times during their
life. Such recognition will depend upon the ECB
being satisfied that Eurosystem eligibility criteria
have been met.
5
Distribution
(i) Method of distribution:
Syndicated
(ii) If syndicated, names of Managers:
Joint Lead Managers:
Barclays Bank PLC
Deutsche Bank AG, London Branch
ING Bank N.V.
Natixis
UBS AG London Branch
UniCredit Bank AG
Co-Lead Managers:
DekaBank Deutsche Girozentrale
DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main
Norddeutsche Landesbank - Girozentrale -
Scotiabank Europe plc
(iii) Stabilising Manager(s) (if any):
ING Bank N.V.
(iv) If non-syndicated, name of Dealer:
Not Applicable
(v) Total commission and concession:
Not Applicable
(vi) U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D Rules
(vii) ERISA:
Not Applicable
(viii)Prohibition of Sales to EEA Retail Investors:
Applicable
(ix) Prohibition of Sales to Belgian Consumers
Applicable
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