Obligation ING Group 2% ( XS1796079488 ) en EUR

ING Group

100 % ▲

Pays-Bas

XS1796079488 ( en EUR )

2% par an ( paiement annuel )

21/03/2030

Prospectus brochure de l'obligation ING Groep XS1796079488 en EUR 2%, échéance 21/03/2030

100 000 EUR

750 000 000 EUR

22/03/2026 ( Dans 319 jours )

ING Groep est une institution financière mondiale offrant une large gamme de services bancaires aux particuliers, entreprises et institutions, notamment des services de banque de détail, de gestion de patrimoine, d'investissement et de banque d'entreprise.

L'Obligation émise par ING Group ( Pays-Bas ) , en EUR, avec le code ISIN XS1796079488, paye un coupon de 2% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 21/03/2030

Final Terms dated 20 March 2018
ING Groep N.V.
Issue of 750,000,000 12NC7 Fixed Rate Subordinated Tier 2 Notes due 22 March 2030
under the 55,000,000,000 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 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
Directive 2003/71/EC, as amended 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 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.
A36200301
1

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:
193
(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 ()
4
Aggregate Nominal Amount:
(i) Tranche:
750,000,000
(ii) Series:
750,000,000
5
Issue Price:
99.729% of the Aggregate Nominal Amount
6
(i) Specified Denominations:
100,000
(ii) Calculation Amount:
Not Applicable
7
(i) Issue Date:
22 March 2018
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
22 March 2030
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 of Interest:
From (and including) the Issue Date up to (but
excluding) the Optional Redemption Date, 2.000%
per annum payable annually in arrear. From (and
including) the Optional Redemption Date to (but
excluding) the Maturity Date, the aggregate of
1.350% and the Mid Swap Rate per annum
determined by the Agent payable annually in arrear.
"Mid Swap Rate" means the annual mid swap rate
for Euro swap transactions with a maturity of 5
A36200301
2

years, expressed as a percentage, displayed on
Reuters screen page "ISDAFIX2" (or such other
page as may replace that page on Reuters, 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. (Brussels time) on the second
Business Day prior to the Optional Redemption
Date.
(ii) Interest Payment Date(s):
22 March in each year, commencing on 22 March
2019, up to and including the Maturity Date,
adjusted in accordance with the Business Day
Convention specified in sub-paragraph 14(vii).
(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:
Actual/Actual (ICMA)
(vi) Determination Dates:
22 March 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
Not Applicable
16
Zero Coupon Note Provisions
Not Applicable
Provisions relating to Redemption
17
Issuer Call
Applicable
(i) Optional Redemption Date(s):
22 March 2025
(ii) Optional Redemption Amount of each 100,000 per Note of 100,000 Specified
Note:
Denomination
(iii) If redeemable in part:
Not Applicable. No partial call applicable.
(iv) Notice period:
As per Conditions
18
Investor Put
Not Applicable
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19
Regulatory Call
Applicable
(i) Optional Redemption Amount of each 100,000 per Note of 100,000 Specified
Note:
Denomination
(ii) Notice period:
As per Conditions
20
Loss Absorption Disqualification Call
Not Applicable
21
Final Redemption Amount of each Note
100,000 per Note of Specified Denomination
22
Early Redemption Amount
(i) Early Redemption Amount of each Note 100,000 per Note of 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
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.
Signed on behalf of the Issuer:
By: .......................................................
Duly authorised
By: .......................................................
Duly authorised
A36200301
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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 8,825
admission to trading:
2
Ratings
Ratings:
The Notes to be issued are expected to be rated
Standard & Poor's: BBB
Moody's: Baa2
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
Yield
Indication of yield:
2.042% per annum
As set out above, the yield is calculated at the Issue Date
on the basis of the Issue Price for the period up to the
Optional Redemption Date. It is not an indication of future
yield. As the Rate of Interest will be reset (subject to
exercise of the Issuer Call) at the Optional Redemption
Date, an indication of the yield for the period up to the
Maturity Date has not been provided.
5
Operational Information
(i) ISIN:
XS1796079488
(ii) Common Code:
179607948
(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 the Depository Trust
Company and the relevant identification
number(s):
A36200301
5

(v) Swiss Securities Number:
Not Applicable
(vi) Delivery:
Delivery against payment
(vii) Name and address of Swiss Paying
Not Applicable
Agent:
(viii)Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):
(ix) Name and address of Calculation
Not Applicable
Agent:
(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.
6
Distribution
(i) Method of distribution:
Syndicated
(ii) If syndicated, names of Managers:
Joint Lead Managers:
Barclays Bank PLC
BNP Paribas
ING Bank N.V.
Merrill Lynch International
The Royal Bank of Scotland plc (trading as NatWest
Markets)
UBS Limited
Co-Lead Managers:
Banco Bilbao Vizcaya Argentaria, S.A.
KBC Bank NV
Lloyds Bank plc
Standard Chartered Bank
Swedbank AB (publ)
(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 Category 2; TEFRA D Rules
(vii) ERISA:
Not Applicable
A36200301
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(viii)Prohibition of Sales to EEA Retail
Applicable
Investors:
A36200301
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Document Outline

#1">ING Mar 18 EUR drawdown_Final terms.docx