Obligation ING Groep 4.875% ( XS0579847673 ) en EUR

ING Groep

100 % ⇌

Pays-Bas

XS0579847673 ( en EUR )

4.875% par an ( paiement annuel )

18/01/2021 - Obligation échue

Prospectus brochure de l'obligation ING Bank XS0579847673 en EUR 4.875%, échue

100 000 EUR

750 000 000 EUR

ING est une banque internationale offrant une large gamme de services financiers, notamment des services de banque de détail, de banque privée et de gestion d'actifs, opérant dans plusieurs pays à travers le monde.

L'Obligation émise par ING Groep ( Pays-Bas ) , en EUR, avec le code ISIN XS0579847673, paye un coupon de 4.875% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 18/01/2021

Final Terms dated 31 March 2011
ING Bank N.V.
Issue of 250,000,000 4.875 per cent. Fixed Rate Notes due 18 January 2021 (to be consolidated and
form a single series with the 500,000,000 4.875 per cent. Fixed Rate Notes due 18 January 2021 issued
on 18 January 2011) under the 45,000,000,000 Programme for the Issuance of Debt Instruments
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 EEA which has implemented the Prospectus 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 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 22 February 2011 and the supplemental
prospectus dated 8 March 2011, (together, the "Prospectus"), which together constitute a base prospectus
for the purposes of the Prospectus Directive (Directive 2003/71/EC) (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 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 Prospectus. The Prospectus is available for viewing at the Issuer's website
(www.ing.com) and copies may be obtained from the Issuer at Foppingadreef 7, 1102 BD Amsterdam, The
Netherlands.
Prospective investors should carefully consider the section "Risk Factors" in the Base Prospectus.
1
Issuer:
ING Bank N.V.
2
(i)
Series Number:
24

(ii)
Tranche number:
2
The Notes will be consolidated and form a single
series with the Issuer's 500,000,000 4.875 per cent.
Fixed Rate Notes due 18 January 2021 issued on 18
January 2011.
3
Specified Currency or Currencies:
EUR ()
4
Aggregate Nominal Amount of Notes

admitted to trading:

(i) Tranche:
250,000,000

(ii) Series:
750,000,000
5
Issue Price:
99.228% of the Aggregate Nominal Amount (plus 76

1

days' accrued interest from and including 18 January
2011 to but excluding 4 April 2010 in the amount of
2,537,671.23)
6
(i) Specified Denominations:
100,000 and integral multiples of 1,000 in excess
thereof up to and including 199,000. No Notes in
definitive form will be issued with a denomination
above 199,000.

(ii) Calculation Amount:
1,000
7
(i) Issue Date:
4 April 2011

(ii) Interest Commencement Date:
18 January 2011
8
Maturity Date:
18 January 2021
9
Interest Basis:
4.875% Fixed Rate
(further particulars specified below)
10 Redemption/Payment Basis:
Redemption at par
11 Change of Interest Basis or
Not Applicable
Redemption/Payment Basis:

12 Put/Call Options:
Not Applicable
13 Status of the Notes:
Senior
14 Method of distribution:
Syndicated

Provisions relating to Interest (if any) payable
15 Fixed Rate Note Provisions
Applicable
(i) Rate of Interest:
4.875% per annum payable annually in arrear
(ii) Interest Payment Date(s):
18 January in each year commencing on (and
including) 18 January 2012 up to (and including)
the Maturity Date
(iii) Fixed Coupon Amount(s):
48.75 per 1,000 in Nominal Amount
(iv) Broken Amount(s):
Not Applicable
(v) Day Count Fraction:
Actual/Actual (ICMA)
(vi) Determination Dates:
18 January in each year

(vii) Other terms relating to the method of None
calculating interest for Fixed Rate Notes:
16

Floating Rate Note Provisions
Not Applicable
17

Zero Coupon Note Provisions
Not Applicable
18

Index-Linked Interest Note/other
Not Applicable
variable-linked interest Note Provisions
19

Dual Currency Note Provisions
Not Applicable

2

Provisions relating to Redemption

20 Issuer Call
Not Applicable
21 Investor Put
Not Applicable
22 Final Redemption Amount of each Note:
1,000 per Calculation Amount
23 Early Redemption Amount

(i) Early Redemption Amount of each Note
Condition 6(e) applies
payable on redemption for taxation reasons or
on event of default and/or the method of
calculating the same (if required or if different
from that set out in Condition 6(e)):

(ii) Notice period (if other than as set out in
Not Applicable
the Conditions):

(iii) Other (Condition 6(k)):
Not Applicable

General Provisions Applicable to the Notes
24 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.
Upon issue of the Temporary Global Note, the
Temporary ISIN and Temporary Common Code
will be those set out in paragraphs 6(i) and 6(iii) of
Part B of these Final Terms.
Upon exchange of the Temporary Global Note for
the Permanent Global Note, the Notes will be
consolidated with and form a single series with the
Issuer's 500,000,000 4.875 per cent. Fixed Rate
Notes due 18 January 2021 issued on 18 January
2011 and the ISIN and Common Code will be those
set out in paragraphs 6(ii) and 6(iv) of Part B of
these Final Terms.

(ii) New
Global
Note
Yes
25 Additional Financial Centre(s) or other special For the purposes of the Notes, "Payment Day"
provisions relating to Payment Dates:
means a day on which (i) commercial banks and
foreign exchange markets settle payments and are
open for general business (including dealing in
foreign exchange and foreign currency deposits) in
(A) the relevant place of presentation and (B)
Amsterdam and (ii) the TARGET System is open.

3

26 Talons for future Coupons or Receipts to be
No
attached to Definitive Notes (and dates on
which such Talons mature):
27 Details relating to Partly Paid Notes: amount
Not Applicable
of each payment comprising the Issue Price

and date on which each payment is to be made
and, if different from those specified in the
Temporary Global Note, consequences of
failure to pay, including any right of the Issuer
to forfeit the Notes and interest due on late
payment:
28 Details relating to Instalment Notes:

(i) Instalment Amount(s):
Not Applicable

(ii) Instalment Date(s):
Not Applicable
29 For the purposes of Condition 13, notices to
No
be published in the Financial Times:
30 Other final terms:
Not Applicable

Distribution
31 (i) If syndicated, names of Managers:
BNP Paribas;
Deutsche Bank AG, London Branch;
HSBC Bank plc; and
ING Bank N.V.

(ii) Stabilising Managers (if any):
Not Applicable
32 If non-syndicated, name of Dealer: Not
Applicable

33 Total commission and concession: Not
Applicable

34 U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
35 Non-exempt Offer:
Not Applicable
36

Additional selling restrictions:
Not Applicable

Purpose of Final Terms

These Final Terms comprise the final terms required for issue and admission to trading on Euronext
Amsterdam of the Notes described herein pursuant to the 45,000,000,000 Programme for the Issuance of
Debt Instruments of ING Groep N.V. and ING Bank N.V.
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.

4

Signed on behalf of the Issuer:

By: ..................................................

Duly authorised

By: ..................................................

Duly authorised

5

Part B -- Other Information
1.
Listing
Listing:
Application is expected to be 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 (or as soon as possible
thereafter).
The Notes will be consolidated and form a
single series with the Issuer's 500,000,000
4.875 per cent. Fixed Rate Notes due 18 January
2021 issued on 18 January 2011 which have
been admitted to trading on Euronext
Amsterdam.

2.
Ratings
Ratings:
The Notes to be issued are expected to be rated:
Moody's:
Aa3

Standard & Poor's: A+
Fitch:
A+

3.
Interests of Natural and Legal Persons involved in the Offer
Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the Issuer is aware, no
person involved in the offer of the Notes has an interest material to the offer.

4.
Estimated Total Expenses
Estimated total expenses:
5,900 in relation to the admission to trading.
5.
Yield (Fixed Rate Notes only)
Indication of Yield:
4.974%

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.
6.
Operational Information
(i) Temporary ISIN Code

XS0612934934
(ii) ISIN Code
XS0579847673
(iii) Temporary Common Code
061293493
(iv) Common Code
057984767
(v) Other relevant code
Not Applicable

6

(vi) Any clearing system(s) other than Not Applicable
Euroclear Bank S.A./N.V. and
Clearstream Banking, société
anonyme/Euroclear Netherlands and the
relevant identification number(s):
(vii) Delivery:

Delivery against payment
(viii) Names and addresses of initial Paying As set out in the Base Prospectus

Agent(s):
(ix) Names and addresses of additional

Not Applicable
Paying Agent(s) (if any):
(x) Name and address of Calculation Agent:

Not Applicable
(xi) 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 satisfaction of the Eurosystem eligibility
criteria.

7