Obligation ING Groep N.V. 3.625% ( XS1037382535 ) en EUR

ING Groep N.V.

100 % ⇌

Pays-Bas

XS1037382535 ( en EUR )

3.625% par an ( paiement annuel )

24/02/2026 - Obligation échue

Prospectus brochure de l'obligation ING Bank N.V XS1037382535 en EUR 3.625%, échue

100 000 EUR

1 500 000 000 EUR

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 EUR, avec le code ISIN XS1037382535, paye un coupon de 3.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/02/2026

Final Terms dated 21 February 2014
ING Bank N.V.
Issue of 1,500,000,000 Fixed Rate Subordinated Tier 2 Notes due 25 February 2026
under the 55,000,000,000 Debt Issuance Programme
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 (2003/71/EC), as amended from time to time, (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 13 May 2013 and the supplemental
prospectuses dated 9 August 2013, 26 August 2013, 13 September 2013, 7 November 2013 and 14 February
2014 (together, the "Prospectus"), which together constitute a base prospectus for the purposes of the
Prospectus Directive (Directive 2003/71/EC), as amended from time to time (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/Our-Company/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:
120
(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 ()
4
Aggregate Nominal Amount:
(i) Tranche:
1,500,000,000
(ii) Series:
1,500,000,000
5
Issue Price:
99.745% of the Aggregate Nominal Amount
6
(i) Specified Denominations:
100,000 and integral multiples of 1,000 in excess
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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:
25 February 2014
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
25 February 2026
9
Interest Basis:
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 :
See paragraph 14 below
12
Put/Call Options:
Issuer Call
(further particulars specified below)
13
(i) Status of the Notes:
Subordinated
(ii) Status of the Subordinated Notes:
Tier 2 Notes
Provisions relating to Interest (if any) payable
14
Fixed Rate Note Provisions
Applicable
(i) Rate of Interest:
From (and including) the Issue Date up to (but
excluding) the Optional Redemption Date, 3.625%
per annum payable annually in arrear. From (and
including) the Optional Redemption Date, the
aggregate of 2.250 per cent. and the Mid Swap Rate
per annum determined by the Agent payable
annually in arrear.
"Mid Swap Rate" means the annual mid swap rate
for Euro swap transactions with a maturity of 5
years, expressed as a percentage, displayed on
Reuters screen page "ISDAFIX2" (or such other
page as may replace that page on Reuters, or such
other service as may be nominated by the person
providing or sponsoring the information appearing
there for the purposes of displaying comparable
rates) at 11.00 a.m. (Brussels time) on the second
Business Day prior to the Optional Redemption
Date.
(ii) Interest Payment Date(s):
25 February in each year from (and including) 25
February 2015 up to (and including) the Maturity
Date
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(iii) Fixed Coupon Amount(s):
For each Fixed Interest Period, as defined in
Condition 4(a), the Fixed Coupon Amount will be an
amount equal to the Calculation Amount multiplied
by the Rate of Interest multiplied by the Day Count
Fraction with the resultant figure being rounded to
the nearest sub-unit of the Specified Currency, half
of any such sub-unit being rounded upwards
(iv) Broken Amount(s):
Not Applicable
(v) Day Count Fraction:
Actual/Actual (ICMA)
(vi) Determination Dates:
25 February in each year
(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
Applicable
(i) Optional Redemption Date(s):
25 February 2021
(ii) Optional Redemption Amount of each 1,000 per Calculation Amount
Note:
(iii) If redeemable in part:
No partial call applicable
(a) Minimum Redemption Amount of
Not Applicable
each Note:
(b) Maximum Redemption Amount of
Not Applicable
each Note:
(iv) Notice period:
As set out in the Conditions
18
Investor Put
Not Applicable
19
Regulatory Call
Applicable
Optional Redemption Amount of each Note:
1,000 per Calculation Amount
20
Final Redemption Amount of each Note:
1,000 per Calculation Amount
21
Early Redemption Amount
(i) Early Redemption Amount of each Note
1,000 per Calculation Amount
payable on redemption for taxation reasons or
on event of default:
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Part B -- Other Information
1.
Listing and Trading
(i) Listing and admission to trading
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.
(ii) Estimate of total expenses related to
8,200
admission to trading:
2.
Ratings
Ratings:
The Notes to be issued are expected to be rated:
Standard & Poor's: BBB+ (negative)
Moody's: Baa2 (negative)
Fitch: A- (negative)
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:
3.667% per annum
As set out above, the yield is calculated at the Issue
Date on the basis of the Issue Price for the period up
to the Optional Redemption Date. It is not an
indication of future yield. As the Rate of Interest will
be reset (subject to exercise of the Issuer Call) at the
Optional Redemption Date, an indication of the yield
for the period up to the Maturity Date has not been
provided.
5.
Operational Information
(i) ISIN Code:
XS1037382535
(ii) Common Code:
103738253
(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
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Netherlands and the Depository Trust
Company and the relevant identification
number(s):
(v) Swiss Securities Number:
Not Applicable
(vi) Delivery:
Delivery against 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:
Lead Managers:
Banco Bilbao Vizcaya Argentaria, S.A.
BNP Paribas
Credit Suisse Securities (Europe) Limited
Goldman Sachs International
ING Bank N.V.
Mediobanca - Banca di Credito Finanziario S.p.A.
(iii) Stabilising Manager(s) (if any):
ING Bank N.V.
(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
(vii)ERISA:
Not Applicable
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Document Outline

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