Bond ING Group N.V. 2.125% ( XS1933820372 ) in EUR

ING Group N.V.

100 % ▲

Netherlands

XS1933820372 ( in EUR )

2.125% per year ( payment 1 time a year)

09/01/2026

Prospectus brochure of the bond ING Groep N.V XS1933820372 en EUR 2.125%, maturity 09/01/2026

100 000 EUR

1 000 000 000 EUR

10/01/2026 ( In 176 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. ( Netherlands ) , in EUR, with the ISIN code XS1933820372, pays a coupon of 2.125% per year.
The coupons are paid 1 time per year and the Bond maturity is 09/01/2026

Final Terms dated 8 January 2019
ING Groep N.V.
Legal entity identifier (LEI): 549300NYKK9MWM7GGW15
Issue of EUR 1,000,000,000 2.125% Fixed Rate Senior Notes due 10 January 2026
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 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 30 March 2018 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:
212
(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:
99.813% of the Aggregate Nominal Amount
6
(i) Specified Denominations:
100,000
(ii) Calculation Amount:
Not Applicable
7
(i) Issue Date:
10 January 2019
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
10 January 2026
9
Interest Basis:
2.125% 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:
Loss Absorption Disqualification Call
(further particulars specified below)
13
(i) Status of the Notes:
Senior
(i)(a) Waiver of set-off and Status of the
Waiver of set-off (Condition 2) applicable
Senior Notes:
Provisions relating to Interest (if any) payable
14
Fixed Rate Note Provisions
Applicable
(i) Rate of Interest:
2.125% per annum payable annually in arrear
(ii) Interest Payment Date(s):
10 January in each year, commencing on 10 January
2020, 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):
2,125 per Specified Denomination
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(iv) Broken Amount(s):
Not Applicable
(v) Day Count Fraction:
Actual/Actual (ICMA)
(vi) Determination Dates:
10 January 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
Not Applicable
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:
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
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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
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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 5,700
admission 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
Yield
Indication of yield:
2.154% 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:
XS1933820372
(ii) Common Code:
193382037
(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):
(v) Swiss Securities Number:
Not Applicable
(vi) Delivery:
Delivery against payment
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(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
Yes
would allow Eurosystem eligibility:
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.
6
Distribution
(i) Method of distribution:
Syndicated
(ii) If syndicated, names of Managers:
Joint Lead Managers:
Banco Bilbao Vizcaya Argentaria, S.A.
Barclays Bank PLC
BNP Paribas
Commerzbank Aktiengesellschaft
Credit Suisse Securities (Europe) Limited
ING Bank N.V.
Co-Lead Managers:
Coöperatieve Rabobank U.A.
DekaBank Deutsche Girozentrale
DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
Frankfurt am Main
KBC Bank NV
NIBC Bank N.V.
Norddeutsche Landesbank - Girozentrale -
(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
(viii)Prohibition of Sales to EEA Retail Applicable
Investors:
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(ix) Prohibition of Sales to Belgian Applicable
Consumers
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