Bond ING Group N.V. 5% ( XS1917902196 ) in AUD

ING Group N.V.

100 % ▲

Belgium

XS1917902196 ( in AUD )

5% per year ( payment 2 times a year)

04/06/2029

Prospectus brochure of the bond ING Groep N.V XS1917902196 en AUD 5%, maturity 04/06/2029

200 000 AUD

175 000 000 AUD

05/06/2026 ( In 118 days )

ING Groep N.V. is a multinational banking and financial services corporation headquartered in Amsterdam, offering a wide range of services including retail banking, wholesale banking, investment management, and insurance to individuals and businesses globally.

The Bond issued by ING Group N.V. ( Belgium ) , in AUD, with the ISIN code XS1917902196, pays a coupon of 5% per year.
The coupons are paid 2 times per year and the Bond maturity is 04/06/2029

FINAL TERMS AND CONDITIONS
AUD 10.5 year Fixed Rate Senior Bonds
Issuer
ING Groep N.V.
Issuer Ratings
A- (S&P), Baa1 (Moody's), A+ (Fitch), all stable
Status
Senior Unsecured, Unsubordinated
Joint Lead Managers
Australia and New Zealand Bank, Deutsche Bank, ING
Bank N.V., National Australia Bank, The Toronto-
Dominion Bank
Aggregate Principal Amount
AUD 175,000,000.00
Trade Date
28 November 2018
Settlement Date
5 December 2018 (T + 5)
First Coupon Date
5 June 2019
Maturity Date
5 June 2029
Early Redemption
Loss Absorption Disqualification Event, subject to prior
permission by the competent authority and/or resolution
authority, at par plus accrued interest
Tax Call
At par plus accrued interest upon withholding, or a
change in applicable tax treatment, subject to regulatory
approval
Waiver of Set-off
Holders of Senior Notes cannot exercise or claim any
right of set-off, netting or counterclaim in respect of
amounts owed by the Issuer in respect of the Senior
Notes
Denomination
Outside Australia: Minimum AUD 200,000 + AUD
200,000;
Australian investors: At least AUD500,000 (or its
equivalent in other currencies, disregarding moneys lent
by the offeror or its associates) or the offer or invitation
otherwise does not require disclosure to investors in
accordance with Parts 6D.2 or 7.9 of the Corporations
Act
Coupon
5.000%, per annum, payable semi-annually in arrear
Benchmark
Semi-quarterly coupon matched asset swap
Benchmark rate
2.7375%
Re-offer spread to Benchmark
226.25 bps
Re-offer Yield
5.000%
Re-offer Price
100%
Interest Payment Dates
5 June and 5 December each year commencing 5 June
2019 and ending on the Maturity Date
Redemption
100.00%
Day Count Fraction
Actual/actual (ICMA), unadjusted
Business Day Convention
Following Business Day Convention
Business Day Centre
TARGET2, Sydney and London
ISIN
XS1917902196
Listing
Euronext Amsterdam

Governing Law
Dutch Law
Documentation
Issued under the Issuer's 55bn Programme for the
Issuance of Debt Instruments as supplemented from time
to time
Security Format
Classic Global Note (CGN) bearer form, RegS TEFRA D
S309B Notification: Prescribed Capital
In connection with Section 309B of the Securities And
Markets Products
Futures Act (Chapter 289) of Singapore (the "SFA") and
the Securities and Futures (Capital Markets Products)
Regulations 2018 of Singapore (the "CMP Regulations
2018"), the Issuer has determined, and hereby notifies all
relevant persons (as defined in Section 309A(1) of the
SFA), that the securities to which this announcement
relates are "prescribed capital markets products" (as
defined in the CMP Regulations 2018) and "Excluded
Investment Products" (as defined in MAS Notice SFA 04-
N12: Notice on the Sale of Investment Products and
MAS Notice FAA-N16: Notice on Recommendations on
Investment Products).
Target market:
Eligible counterparties and professional clients only, each
as defined in MiFID II (all distribution channels). No
PRIIPs key information document (KID) has been
prepared as not available to retail in EEA

Disclaimer
This document has been prepared for information purposes only. This document is an indicative summary of
the terms and conditions of the transaction described herein and may be amended, superseded or replaced by
subsequent summaries. The final terms and conditions of the transaction and any related security will be set
out in full in the applicable offering document(s), pricing supplement or binding transaction document(s).
This document shall not constitute an underwriting commitment, an offer of financing, an offer to sell, or the
solicitation of an offer to buy any securities described herein, which shall be subject to Australia and New
Zealand Bank, Deutsche Bank, ING Bank N.V., National Australia Bank, The Toronto-Dominion Bank (the "Joint
Lead Managers") internal approvals and satisfaction of all appropriate conditions precedent. No transaction or
service related thereto is contemplated without the Joint Lead Manager's subsequent formal agreement.
The Joint Lead Managers are not responsible for providing or arranging for the provision of any general
financial, strategic or specialist advice, including legal, regulatory, accounting, model auditing or taxation advice
or services or any other services in relation to the transaction and/or any related securities described herein.
The Joint Lead Managers are acting solely in the capacity of arms' length contractual counterparties and not
as advisers, agents or fiduciaries to any person. The Joint Lead Managers accept no liability whatsoever to the
fullest extent permitted by law for any consequential losses arising from the use of this document or reliance on
the information contained herein.
The Joint Lead Managers do not guarantee the accuracy or completeness of information which is contained in
this document and which is stated to have been obtained from or is based upon trade and statistical services
or other third party sources. Any data on past performance, modelling, scenario analysis or back-testing
contained herein is no indication as to future performance. No representation is made as to the reasonableness
of the assumptions made within or the accuracy or completeness of any modelling, scenario analysis or back-
testing. All opinions and estimates are given as of the date hereof and are subject to change. The value of any
investment may fluctuate as a result of market changes. The information in this document is not intended to
predict actual results and no assurances are given with respect thereto.
The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933,
as amended (the "Securities Act") and may not be offered or sold within the United States or to or for the
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account or benefit of U.S. persons, as defined in Regulation S under the Securities Act. This document is not
intended for distribution to and must not be passed on to any retail client.
NO OFFERS, SALES, RESALES OR DELIVERY OF ANY SECURITIES DESCRIBED HEREIN OR
DISTRIBUTION OF ANY OFFERING MATERIAL RELATING TO ANY SUCH SECURITIES MAY BE MADE IN
OR FROM ANY JURISDICTION EXCEPT IN CIRCUMSTANCES WHICH WILL RESULT IN COMPLIANCE
WITH ANY APPLICABLE LAWS AND REGULATIONS AND WHICH WILL NOT IMPOSE ANY OBLIGATION
ON THE JOINT LEAD MANAGERS OR ANY OF THEIR AFFILIATES.
The Joint Lead Managers, their affiliates and the individuals associated therewith may (in various capacities)
have positions or deal in transactions or securities (or related derivatives) identical or similar to those described
herein.
This document is confidential and is only for the information of ING and the Joint Lead Managers. It has not
been prepared for, should not be provided to, and should not be relied upon by, any investor or any other person
for any purpose. No part of it may be reproduced, distributed or transmitted without the prior written permission
of the Joint Lead Managers.
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