Obligation ING Groep N.V. 2.625% ( US44986NAA37 ) en USD

ING Groep N.V.

100 % ▲

Pays-bas

US44986NAA37 ( en USD )

2.625% par an ( paiement semestriel )

04/12/2022 - Obligation échue

Prospectus brochure de l'obligation ING Bank N.V US44986NAA37 en USD 2.625%, échue

250 000 USD

1 500 000 000 USD

44986NAA3

AAA ( Première qualité )

Aaa ( Première qualité )

ING Bank N.V. est une banque multinationale néerlandaise offrant une large gamme de services financiers, notamment la banque de détail, la banque d'investissement et la gestion d'actifs, à travers le monde.

L'Obligation émise par ING Groep N.V. ( Pays-bas ) , en USD, avec le code ISIN US44986NAA37, paye un coupon de 2.625% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 04/12/2022

L'Obligation émise par ING Groep N.V. ( Pays-bas ) , en USD, avec le code ISIN US44986NAA37, a été notée Aaa ( Première qualité ) par l'agence de notation Moody's.

L'Obligation émise par ING Groep N.V. ( Pays-bas ) , en USD, avec le code ISIN US44986NAA37, a été notée AAA ( Première qualité ) par l'agence de notation Standard & Poor's ( S&P ).

Execution copy
FINAL TERMS FOR COVERED BONDS
3 December 2012
ING Bank N.V.
(incorporated with limited liability under the laws of The Netherlands with its corporate seat
in Amsterdam)
Issue of USD 1,500,000,000 2.625 per cent. Fixed Rate Covered Bonds due 5 December
2022
Guaranteed as to payment of principal and interest by
ING Covered Bond Company B.V.
(incorporated with limited liability under the laws of The Netherlands with its corporate seat
in Amsterdam)
under the EUR 30,000,000,000 Covered Bonds Programme
The Covered Bonds 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 Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that
any offer of Covered Bonds in any Member State of the European Economic Area which has implemented
the Prospectus Directive (Directive 2003/71/EC) (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 Covered Bonds. Accordingly any person making or
intending to make an offer in that Relevant Member State of the Covered Bonds 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 Covered Bonds in any other circumstances.
Part A -- Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in the Base Prospectus dated 15 February 2012 (as supplemented on 6 March 2012, 11
May 2012, 16 May 2012, 18 June 2012, 10 August 2012, 4 September 2012, 11 October 2012,
13 November 2012, 22 November 2012 and 27 November 2012) (the "Prospectus"). This
document constitutes the Final Terms of the Covered Bonds described herein and must be read
in conjunction with such Prospectus. Full information on the Issuer, the CBC and the offer of
the Covered Bonds is only available on the basis of the combination of these Final Terms and
the Prospectus. The Prospectus is available for viewing at the ING website http://www.ing.com
and during normal business hours at ING Bank N.V., Foppingadreef 7, 1102 BD Amsterdam,
The Netherlands (Tel.: +31 (0)20 563 8007).
1
(i)
Issuer:
ING Bank N.V.
(ii)
CBC:
ING Covered Bond Company B.V.
2
(i)
Series Number:
148
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(ii)
Tranche Number:
1
3
Specified Currency or Currencies:
U.S. dollar ("U.S.$")
4
Aggregate Nominal Amount:
(i)
Series:
U.S.$ 1,500,000,000
(ii)
Tranche:
U.S.$ 1,500,000,000
5
Issue Price:
99.668 per cent. of the Aggregate Nominal
Amount
6
(i) Specified Denominations:
U.S.$ 250,000 and integral multiples of U.S.$
1,000 in excess thereof up to and including
U.S.$ 499,000
No Covered Bonds in definitive form will be
issued with a denomination above U.S.$
499,000
(ii) Calculation Amount:
U.S.$ 1,000
7
(i) Issue Date:
5 December 2012
(ii) Interest Commencement Date:
Issue Date
8
(i) Final Maturity Date:
5 December 2022
(ii) Bullet Maturity:
Hard
(iii) Extended Due for Payment Date:
Not Applicable
9
Interest Basis:
2.625 per cent. Fixed Rate
(further particulars specified below)
10
Redemption/Payment Basis:
Redemption at par
11
Change of Interest Basis or Redemption/
Not Applicable
Payment Basis:
12
Call Options:
Not Applicable
13
(i) Status of the Covered Bonds:
Unsubordinated, unsecured, guaranteed
(ii) Status of the Guarantee:
Unsubordinated, secured (indirectly, through
a parallel debt), unguaranteed
14
Method of distribution:
Syndicated
Provisions Relating to Interest (if any) Payable
15 Fixed Rate Covered Bond Provisions:
Applicable
(i) Rate of Interest:
2.625 per cent. per annum payable semi-
annually in arrear
(ii) Interest Payment Date(s):
5 June and 5 December in each year
commencing on and including 5 June 2013
up to and including the Final Maturity Date
(iii) Fixed Coupon Amount(s):
As set out in Condition 4(a)
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(iv) Broken Amount(s):
Not Applicable
(v) Day Count Fraction:
30/360
(vi) Determination Date(s):
Not Applicable
(vii) Other terms relating to the method of Not Applicable
calculating interest for Fixed Rate
Covered Bonds:
16 Floating Rate Covered Bond Provisions
Not Applicable
17 Zero Coupon Covered Bond Provisions
Not Applicable
18 Index Linked Interest Covered Bond/
Not Applicable
other variable linked interest Covered
Bond Provisions
19 Share Linked Interest Covered Bond
Not Applicable
Provisions
20 Dual Currency Interest Covered Bond
Not Applicable
Provisions
Provisions Relating to Redemption
21 Issuer Call
Not Applicable
22 Final Redemption Amount of each
U.S.$ 1,000 per Calculation Amount
Covered Bond
23 Early Redemption Amount of each
Covered Bond
Early Redemption Amount(s) per
As set out in Condition 6(d)
Calculation Amount payable on redemption
for taxation reasons, or on acceleration
following an Issuer Event of Default as
against the Issuer or a CBC Event of
Default or other early redemption and/or
the method of calculating the same (if
required or if different from that set out in
the Conditions):
General Provisions Applicable to the Covered Bonds
24 Form of Covered Bonds:
Registered form
Reg. S Covered Bonds: Reg S Global
Covered Bond
Rule 144A Covered Bonds: Restricted Global
Covered Bond
25 New Global Note
No
26 Exclusion of set-off
Not Applicable
27 Additional Financial Centre(s) or other
New York
special provisions relating to Payment
Dates:
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28 Talons for future Coupons or Receipts to be No
attached to Bearer Definitive Covered
Bonds (and dates on which such Talons
mature):
29 Details relating to Partly Paid Covered
Not Applicable
Bonds: amount of each payment
comprising the Issue Price and date on
which each payment is to be made and
consequences (if any) of failure to pay,
including any right of the Issuer to forfeit
the Covered Bonds and interest due on late
payment:
30 Consolidation provisions:
Not Applicable
31 Other final terms:
Not Applicable
Distribution
32 (i) If syndicated, names of Managers:
Joint-Lead Managers:
Barclays Capital Inc.; Deutsche Bank
Securities Inc.; ING Financial Markets LLC;
and RBC Capital Markets, LLC
(ii) Stabilising Manager(s) (if any):
Not Applicable
33 If non-syndicated, name of relevant
Not Applicable
Dealer(s):
34 U.S. Selling Restrictions:
Reg S Compliance Category 2; Rule 144A
Selling Restrictions; TEFRA rules not
applicable
35 ERISA:
Yes
36 Applicable Netherlands / Global selling
As set out in the Prospectus
restriction:
37 Additional selling restrictions:
Not Applicable
Purpose of Final Terms
These Final Terms comprise the final terms required for the issue of Covered Bonds described
herein pursuant to the Covered Bonds Programme of ING Bank N.V.
Responsibility
The Issuer and the CBC (as far as it concerns the CBC) accept responsibility for the information
contained in these Final Terms.
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Signed on behalf of the Issuer:
Signed on behalf of the CBC:
By:
.......................................................................By:
................................................................
Duly authorised
Duly authorised
By:
.......................................................................By:
................................................................
Duly authorised
Duly authorised
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PART B -- OTHER INFORMATION
1
LISTING
(i) Listing
None
(ii) Admission to trading:
Not Applicable
(iii) Estimate of total expenses related to Not Applicable
admission to trading:
2
RATINGS
Ratings:
The Covered Bonds to be issued are expected
to be rated:
Moody's:
Aaa
Standard & Poor's:
AAA
Fitch:
AAA
Moody's Investors Service Ltd, Standard &
Poor's Credit Market Services Europe
Limited and Fitch Ratings Ltd. are
established in the European Union and are
registered under Regulation (EC) No
1060/2009.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in Section 1.5 (Subscription and Sale) of the Base Prospectus dated 15
February 2012, so far as the Issuer is aware, no person involved in the issue of the Covered
Bonds has an interest material to the offer.
4
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL
EXPENSES
(i)
Reasons for the offer:
The net proceeds of the issue will be applied
by the Issuer for its general corporate
purposes
(ii)
Estimated net proceeds:
U.S.$ 1,488,270,000
5
YIELD
Indication of yield:
2.663 per cent. per annum
The yield is calculated at the Issue Date on
the basis of the Issue Price. It is not an
indication of future yield
6
OPERATIONAL INFORMATION
(i) ISIN Code:
Rule 144A Covered Bonds - US44986L2A69
Reg. S Covered Bonds - US44986NAA37
(ii) Common Code:
Rule 144A Covered Bonds - 086118653
Reg. S Covered Bonds - 086156482
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(iii) CUSIP:
Rule 144A Covered Bonds 44986L2A6
Reg. S Covered Bonds 44986NAA3
(iv) New Global Note intended to be held No
in a manner which would allow
Eurosystem eligibility:
(v) Any clearing system(s) other than Not Applicable
Euroclear Bank SA/NV, Clearstream
Banking, société anonyme and The
Depository Trust Company and the
relevant identification number(s):
(vi) Delivery:
Delivery against payment
(vii) Names and addresses of initial Paying The Bank of New York Mellon
Agent(s)
One Canada Square
Canary Wharf
London E14 5AL
United Kingdom
The Bank of New York Mellon
The Bank of New York
101 Barclay Street, Floor 21 W
New York, NY 10286
United States
(viii)Names and addresses of additional Not Applicable
Paying Agent(s) (if any):
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Document Outline

#1">ING CB_144A_Final Terms.docx