Obligation ING Groep 0.329% ( XS1373214243 ) en EUR

ING Groep

100 % ▼

Pays-Bas

XS1373214243 ( en EUR )

0.329% par an ( paiement annuel )

28/02/2023 - Obligation échue

Prospectus brochure de l'obligation ING Bank XS1373214243 en EUR 0.329%, échue

100 000 EUR

425 000 000 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 XS1373214243, paye un coupon de 0.329% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 28/02/2023

29 February 2016
ING Bank N.V.
(incorporated with limited liability under the laws of The Netherlands with its corporate seat in Amsterdam and
registered with the Dutch Chamber of Commerce under number 33031431)
Issue of EUR 425,000,000 Fixed Rate Soft Bullet Covered Bonds due February 2023
Guaranteed as to payment of principal and interest by
ING SB Covered Bond Company B.V.
(incorporated with limited liability under the laws of The Netherlands with its corporate seat in Amsterdam and
registered with the Dutch Chamber of Commerce under number 61113956)
under the EUR 5,000,000,000 Soft Bullet Covered Bond Programme
The Base 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, 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. The expression "Prospectus Directive" means Directive 2003/71/EC (as amended,
including by Directive 2010/73/EU) and includes any relevant implementing measures in the Relevant Member
State.
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 13 May 2015 as supplemented on 10 August 2015, on 11 November 2015 and 11 February
2016 which, together with the Registration Document of the Issuer dated 12 May 2015 (as supplemented on 6
August 2015, 5 November 2015 and 5 February 2016), constitute a base prospectus (the "Base Prospectus") for
the purposes of the Prospectus Directive. This document constitutes the Final Terms of the Covered Bonds
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, the SB CBC and the offer of the Covered
Bonds is only available on the basis of the combination of these Final Terms, 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 Bank N.V., Foppingadreef 7, 1102 BD Amsterdam, The
Netherlands (Tel.: +31 (0) 20 563 8007).
Prospective investors should carefully consider the section "Risk Factors" in the Base Prospectus.
General description of the Covered Bonds
1.
( i)
Issuer:
ING Bank N.V.

(ii)
Guarantor:
ING SB Covered Bond Company B.V.
2.

(i)
Series Number:
5

(ii)
Tranche Number:
1

(iii)
Date on which the Covered Bonds
Not Applicable
become fungible:
3.

Specified Currency or Currencies:
EUR
4.

Aggregate Nominal Amount:

(i)
Series:
EUR 425,000,000

(ii)
Tranche:
EUR 425,000,000
5.
I ssue Price:
100 per cent. of the Aggregate Nominal Amount
6.
( i)
Specified Denominations:
EUR 100,000

(ii)
Calculation Amount:
Specified Denomination
7.
( i)
Issue Date:
29 February 2016

(ii)
Interest Commencement Date:
Issue Date
8.
( i)
Final Maturity Date:
28 February 2023

(ii)
Extended Due for Payment Date:
28 February 2024
9.
I nterest Basis:
0.329 per cent. Fixed Rate for the period from, and
including the Interest Commencement Date to, but
excluding, the Final Maturity Date (further
particulars specified in paragraph 14 below).
From, and including, the Extension Date in respect
of the Covered Bonds described herein (if
applicable) to, but excluding, the Extended Due for
Payment Date (unless the Guaranteed Final
Redemption Amount in respect of the Covered
Bonds described herein is paid in full prior to such
date), 1 Month EURIBOR + 0.09 per cent. per
annum Floating Rate (further particulars specified in
paragraph 15 below)
10.

Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption and subject to Condition 3 (The
Guarantee), the Covered Bonds will be redeemed
on the Maturity Date at 100 per cent. of their
nominal amount.
11.

Change of Interest Basis:
In accordance with paragraphs 14 and 15 below.
12.

Call Option:
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
Provisions Relating to Interest (if any) Payable
14.

Fixed Rate Covered Bond Provisions:
Applicable

(i)
Rate(s) of Interest:
0.329 per cent. per annum payable annually in arrear.

(ii)
Interest Payment Date(s):
28 February in each year commencing on 28
February 2017, up to and including the Final
Maturity Date, adjusted in accordance with the
Business Day Convention specified in sub-paragraph
14(vii).
The first Coupon is a short coupon.

(iii)
Fixed Coupon Amount(s):
For each Fixed Interest Period, as defined in
Condition 4, 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 Date(s):
28 February in each year

(vii)
Business Day Convention
Following Business Day Convention (Unadjusted)
(to be confirmed)

(viii)
Interest Amount Adjustment:
Not Applicable

(ix)
Additional Business Centre(s)
No Additional Business Centre(s)

(x)
Party responsible for calculating the

Rate(s) of Interest and/or Interest

Amount(s) (if not the Principal Paying

Agent):
the Calculation Agent

Floating Rate Covered Bond Provisions
Applicable

(i)
Interest Period(s):
The period from, and including, a Specified Interest
Payment Date (or the Extension Date in respect of
the Covered Bonds described herein (if applicable))
to, but excluding, the next Specified Interest
Payment Date (or the First Interest Payment Date).

(ii)
Specified Interest Payment Dates:
The 28th calendar day of each month in the period
from, and including, the First Interest Payment Date
specified below up to, and including, the earlier of (i)
the Extended Due for Payment Date and (ii) the date
on which the Guaranteed Final Redemption Amount
in respect of the Covered Bonds described herein is
paid in full (subject to adjustment in accordance with
the Business Day Convention set out in paragraph
(iv) below).
15.
( iii)
First Interest Payment Date:
28 March 2023, provided that the Extension Date
occurs in respect of the Covered Bonds described
herein.

(iv)
Business Day Convention:
Modified Following Business Day Convention
(Adjusted)

(v)
Additional Business Centre(s):
No Additional Business Centre(s)

(vi)
Manner in which the Rate(s) of Interest
Screen Rate Determination
and Interest Amount(s) is/are to be
determined:

(vii)
Party responsible for calculating the
Not Applicable
Rate(s) of Interest and/or Interest
Amount(s) (if not the Principal Paying
Agent):

(viii)
Screen Rate Determination:
Applicable

Reference Rate:
1 Month EURIBOR

Interest Determination Date(s):
The second day on which the TARGET System is
open prior to the start of each Interest Period

Relevant Screen Page:
Reuters Page EURIBOR01

(ix)
ISDA Determination:
Not Applicable

(x)
Margin(s):
+ 0.09 per cent. per annum

(xi)
Minimum Rate of
0.00 per cent. per annum
Interest:

(xii)
Maximum Rate of Interest:
Not Applicable

(xiii)
Day Count Fraction:
Actual/360
16.

Zero Coupon Covered Bond Provisions
Not Applicable
Provisions Relating to Redemption
17.
I
ssuer Call
Not Applicable
18.
F inal Redemption Amount of each Covered
EUR 100,000 per Calculation Amount
Bond
19.
E arly Redemption Amount of each Covered

Bond

Early Redemption Amount(s) per Calculation
As specified in Condition 6(d)(i)
Amount payable on redemption for taxation
reasons, or on acceleration following an Issuer
Event of Default as against the Issuer or a SB
CBC Event of Default or other early redemption:
General Provisions Applicable to the Covered Bonds
20.

Form of Covered Bonds:
Bearer form
Temporary Global Covered Bond exchangeable for
a Permanent Global Covered Bond which is
exchangeable for Definitive Covered Bonds only
upon an Exchange Event, subject to mandatory
provisions of applicable laws and regulations.

New Global Note
Yes

Exclusion of set-off
Not Applicable
21.

For the purposes of Condition 13, notices to be
Yes, in the Financial Times
published in a newspaper:
22.

Additional Financial Centre(s):
Not Applicable
23.
T alons for future Coupons to be attached to
No
Bearer Definitive Covered Bonds (and dates on
which such Talons mature):

24.
C onsolidation provisions:
The provisions of Condition 16 apply

Responsibility
The Issuer and the SB CBC (as far as it concerns the SB CBC) accept responsibility for the information
contained in these Final Terms.

Signed on behalf of the Issuer:
Signed on behalf of the SB CBC:

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

Duly authorised

Duly authorised

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

Duly authorised

Duly authorised

PART B -- OTHER INFORMATION
1.
L ISTING AND ADMISSION TO TRADING

(i)
Listing
Luxembourg Stock Exchange

(ii)
Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Covered Bonds to be admitted to
trading on the Luxembourg Stock Exchange with
effect from the Issue Date.

(iii)
Estimate of total expenses related to
EUR 4,500
admission to trading:
2.

RATINGS

Ratings:
The following ratings reflect ratings assigned to the
Covered Bonds of this type under the Programme
generally:

Standard & Poor's:
AAA

Fitch:
AAA

Each of Standard & Poor's Credit Market Services
Europe Limited and Fitch Ratings Limited are
established in the European Union and registered
under Regulation (EC) No 1060/2009, as amended.
3.

YIELD (Fixed Rate Covered Bonds only)

Indication of Yield:
0.329 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.
4.

OPERATIONAL INFORMATION

(i)
ISIN Code:
XS1373214243

(ii)
Common Code:
137321424

(iii)
Other relevant code:
Not Applicable

(iv)
New Global Note intended to be held in a Yes
manner which would allow Eurosystem
eligibility:

Note that the designation "Yes" simply means that
the Covered Bonds 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 Covered Bonds
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.

(v)
Any clearing system(s) other than
Not Applicable
Euroclear Bank S.A./N.V. and

Clearstream Banking, société anonyme
and the relevant identification number(s):

(vii)
Delivery:
Delivery free of payment

(viii)
Names and addresses of additional Not Applicable
Paying Agent(s) (if any):

(ix)
Name and address of Calculation Agent Not Applicable
(if other than Principal Paying Agent):
5.

DISTRIBUTION

(i)
Method of distribution:
Non-syndicated

(ii)
If syndicated:

(A)
Names of Managers:
Not Applicable

(B)
Stabilising Manager(s) (if any)
Not Applicable

(iii)
If non-syndicated, name of Dealer
ING Bank N.V.

(iv)
Total commission and concession:
Not Applicable

(v)
U.S. Selling Restrictions:
Reg S Compliance Category 2; TEFRA D

(vi)
ERISA
No