Debt securities ING Groep N.V.

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Hybrid securities

ING Groep N.V. has issued several hybrid securities to strengthen its capital base, or that of the Bank. These hybrid securities are perpetual fixed income securities with callability features, structurally subordinated to the senior debt instruments issued by ING Groep N.V.

Due to the characteristics of these securities ING Groep N.V. is allowed to include hybrid securities in its capital for regulatory purposes. Hybrid securities form an asset class in seniority and risk profile between equity and senior debt. The first column in the table below contains the terms and conditions per security.

Overview per hybrid security

ISIN code/
CUSIP code/
Ticker
Date of issuance Coupon Initial Amount Amount after tender first call date called on Listed on

Perpetual 2
19 Jun, 2003 1.14%* €750,000,000 €431,755,500 30 Jun, 2013   Euronext-Amsterdam, Euronext-Brussels

Perpetual 3
16 Jun, 2004 0.74%* €1,000,000,000 €562,613,500 30 Jun, 2014   Euronext-Amsterdam, Euronext-Brussels

456837509/ISG
26 Sep, 2005 6.125% $700,000,000   15 Jan, 2011   NYSE

456837608/ISF
13 Jun, 2007 6.375% $1,045,000,000   15 Jun, 2012   NYSE

456837AE3
16 Apr, 2015 6.000% (reset after the first call date) $1,000,000,000   16 Apr, 2020   GEM of Irish Stock Exchange

456837AF0
16 Apr, 2015 6.500% (reset after the first call date) $1,250,000,000   16 Apr, 2025   GEM of Irish Stock Exchange

XS1497755360
21 Nov, 2016 6.875% (reset after the first call date) $1,000,000,000   16 Apr, 2022   GEM of Irish Stock Exchange
*coupon period: '28 September 2018 - 31 December 2018'

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