Obligation ING Groep 0% ( XS1914936999 ) en EUR

ING Groep

100 % ⇌

Pays-Bas

XS1914936999 ( en EUR )

26/11/2020 - Obligation échue

Prospectus brochure de l'obligation ING Bank XS1914936999 en EUR 0%, échue

100 000 EUR

2 000 000 000 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 XS1914936999, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/11/2020

Final Terms dated 22 November 2018
ING Bank N.V.
Legal entity identifier (LEI): 3TK20IVIUJ8J3ZU0QE75
Issue of EUR 2,000,000,000 Floating Rate Senior Notes due November 2020
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
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(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.
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:
203

(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:
2,000,000,000

(ii) Series:
2,000,000,000
5
Issue Price:
100.305% of the Aggregate Nominal Amount
6
(i)
Specified Denominations:
100,000

(ii) Calculation Amount:
Not Applicable
7
(i)
Issue Date:
26 November 2018

(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
Interest Payment Date falling in or nearest to
November 2020
9
Interest Basis:
3 Month EURIBOR + 0.40% Floating 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:
Not Applicable
13 (i) Status of the Notes:
Senior
(i)(a) Waiver of set-off and Status of the
Waiver of set-off (Condition 2) not applicable. The
Senior Notes:
Senior Notes are not intended to be included for
purposes of minimum requirements for (A) own
funds and eligible liabilities and/or (B) loss
absorbing capacity instruments.

Provisions relating to Interest (if any) payable
14 Fixed Rate Note Provisions
Not Applicable
15 Floating Rate Note Provisions
Applicable
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(i)
Specified Period(s)/Specified Interest The Specified Interest Payment Dates are 26
Payment Dates:
February, 26 May, 26 August and 26 November in
each year from (and including) 26 February 2019 to
(and including) 26 November 2020, subject to
adjustment in accordance with the Business Day
Convention specified in 15(ii) below.

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

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

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

(v) Party responsible for calculating the Agent
Rate of Interest and Interest Amount(s):

(vi) Screen Rate Determination:
Applicable

- Reference Rate:
3 month EURIBOR

- Interest Determination Date(s):
Second Business Day prior to the start of each
Interest Period

- Relevant Screen Page:
Reuters Page EURIBOR01

(vii) ISDA Determination:
Not Applicable

(viii) Margin(s):
+ 0.40% per annum

(ix) Minimum Rate of Interest:
Not Applicable

(x) Maximum Rate of Interest:
Not Applicable

(xi) Day Count Fraction:
Actual/360
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
Not Applicable
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

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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
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 2,575
admission to trading:

2
Ratings
Ratings:
The Notes to be issued are expected to be rated:

Standard & Poor's: A+

Moody's: Aa3

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
Operational Information
(i)
ISIN:
XS1914936999
(ii) Common Code:
191493699
(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
(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
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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.

5
Distribution
(i)
Method of distribution:
Syndicated
(ii) If syndicated, names of Managers:
Joint Lead Managers:
BNP Paribas
Goldman Sachs International
HSBC Bank plc
ING Bank N.V.
J.P. Morgan Securities plc
Société Générale
Co-Lead Managers:
DekaBank Deutsche Girozentrale
DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
Frankfurt am Main
KBC Bank NV
Norddeutsche Landesbank - Girozentrale -
Raiffeisen Bank International AG
(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:
(ix) Prohibition of Sales to Belgian Applicable
Consumers

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