Bond ING Groep 2.7% ( US44987DAG16 ) in USD

Issuer ING Groep
Market price 100 %  ⇌ 
Country  Netherlands
ISIN code  US44987DAG16 ( in USD )
Interest rate 2.7% per year ( payment 2 times a year)
Maturity 17/08/2020 - Bond has expired



Prospectus brochure of the bond ING Bank US44987DAG16 in USD 2.7%, expired


Minimal amount 1 000 USD
Total amount 750 000 000 USD
Cusip 44987DAG1
Standard & Poor's ( S&P ) rating A+ ( Upper medium grade - Investment-grade )
Moody's rating NR
Detailed description ING Bank is a multinational banking and financial services corporation headquartered in Amsterdam, offering a wide range of banking products and services to individuals and businesses globally.

The Bond issued by ING Groep ( Netherlands ) , in USD, with the ISIN code US44987DAG16, pays a coupon of 2.7% per year.
The coupons are paid 2 times per year and the Bond maturity is 17/08/2020

The Bond issued by ING Groep ( Netherlands ) , in USD, with the ISIN code US44987DAG16, was rated NR by Moody's credit rating agency.

The Bond issued by ING Groep ( Netherlands ) , in USD, with the ISIN code US44987DAG16, was rated A+ ( Upper medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.








Final Terms dated 11 August 2015
ING Bank N.V.
Issue of U.S.$750,000,000 2.700% Fixed Rate Notes due August 2020
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.
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 12 May 2015 as supplemented from time to
time. This document constitutes the Final Terms applicable to the issue of Notes described herein 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.
General Description of the Notes
1
Issuer:
ING Bank N.V.
2
(i) Series Number:
149

(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:
U.S. dollars (U.S.$)
4
Aggregate Nominal Amount:


(i) Tranche:
U.S.$ 750,000,000

(ii) Series:
U.S.$ 750,000,000
5
Issue Price:
99.930 % of the Aggregate Nominal Amount
6
(i) Specified Denominations:
U.S.$200,000 and integral multiples of U.S.$1,000 in
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excess thereof

(ii) Calculation Amount:
U.S.$1,000
7
(i) Issue Date:
17 August 2015

(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
17 August 2020
9
Interest Basis:
2.700 % 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:
Not Applicable
13 Status of the Notes:
Senior

Provisions relating to Interest (if any) payable
14 Fixed Rate Note Provisions
Applicable

(i) Rate of Interest:
2.700% per annum payable semi-annually in arrear

(ii) Interest Payment Date(s):
17 August and 17 February, in each year
commencing on 17 February 2016, up to (and
including) the Maturity Date.

(iii) Fixed Coupon Amount(s):
U.S.$13.50 per Calculation Amount

(iv) Broken Amount(s):
Not Applicable

(v) Day Count Fraction:
30/360

(vi) Determination Dates:
Not Applicable

(vii) Business Day Convention:
Not Applicable

(viii) Interest Amount Adjustment:
Not Applicable

(ix) Additional Business Centre(s):
No Additional Business Centre(s)

(x) Party responsible for calculating the Not Applicable
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
Not Applicable
18 Investor Put
Not Applicable
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19 Regulatory Call
Not Applicable
20 Final Redemption Amount of each Note:
U.S.$1,000 per Calculation Amount
21 Early Redemption Amount


(i) Early Redemption Amount of each Note
U.S.$1,000 per Calculation Amount
payable on redemption for taxation reasons or
on event of default:

(ii) Notice period:
As set out in the Conditions

General Provisions Applicable to the Notes
22 Form of Notes:


(i) Form:
Registered Notes:
Reg. S Notes: Reg. S Global Note
Rule 144A Notes: Rule 144A Global Note
(Restricted Notes)

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

Talons mature):
25 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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Part B -- Other Information
1.
Listing and Trading
(i) Listing and admission to trading
Not Applicable
(ii) Estimate of total expenses related to
Not Applicable

admission to trading:

2.
Ratings

Ratings:
The Notes to be issued are expected to be rated:

Standard & Poor's: A (outlook stable)

Moody's: A1 (outlook stable)

Fitch: A (outlook stable)

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 (Fixed Rate Notes only)
Indication of yield:


2.715% per annum.

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.

5.
Operational Information

(i) ISIN:
Reg S Notes: US44987DAG16
Rule 144A Notes: US44987CAG33

(ii) CUSIP:
Reg S Notes: 44987DAG1
Rule 144A Notes: 44987CAG3
(iii) Other relevant code:
Not Applicable
(iv) Any clearing system(s) other than Not Applicable
Euroclear Bank SA/NV and Clearstream
Banking, société anonyme, Euroclear
Netherlands and the Depository Trust
Company and the relevant identification
number(s):
(v) Swiss Securities Number:
Not Applicable
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(vi) Delivery:
Delivery free of 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 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.

6.
Distribution
(i) Method of distribution:
Syndicated
(ii) If syndicated, names of Managers:
Joint Book-Running Managers:
HSBC Securities (USA) Inc.; J.P. Morgan Securities
LLC; UBS Securities LLC; Wells Fargo Securities,
LLC; and ING Bank N.V. (Reg S Notes only).

Co-Lead Managers:
Barclays Capital Inc.; First Gulf Bank PJSC; KBC
Securities USA, Inc.; RBC Capital Markets;
Santander Investment Securities Inc.; Standard
Chartered Bank; and TD Securities (USA) LLC.
(iii) Stabilising Manager(s) (if any):
Not Applicable
(iv) If non-syndicated, name of Dealer:
Not Applicable
(v) Total commission and concession:
0.35% of the Aggregate Nominal Amount
(vi) U.S. Selling Restrictions:
Reg. S Selling Restrictions/Rule 144A Selling
Restrictions; TEFRA Not Applicable
(vii) ERISA:
Yes

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