ZinsFix Express on ING Groep N.V.

Type:

This product is a bearer bond issued under German law.

Term:

This product has a fixed lifetime and will - subject to an early redemption - be due on 2027-10-15 (last payment date).

Objectives:

Objective of the product is to provide you with a specified entitlement according to predefined conditions.

Interest payments: On each Payment Date (subject to early redemption), you will receive a fixed Interest Payment regardless of the performance of the underlying. In the event of early repayment the Interest Payments on the following Payment Dates are omitted.

Possibility of early redemption: Early redemption at the Base Amount on one Payment Date is effected if the Reference Price on the Valuation Date is at or above the Redemption Level. In this case, the term of the product ends automatically. If this is not the case, the product automatically continues until the next Payment Date.

If the product has not been prematurely repaid, the possibilities for the redemption of the product are as follows:

1. If the Reference Price on the last Valuation Date is at or above the last Redemption Level, you will receive a Redemption Amount equal to the Base Amount.


2. If the Reference Price on the last Valuation Date is below the last Redemption Level, you will receive a Redemption Amount that corresponds to the result of the formula (Reference Price on the last Valuation Date / Starting Price) x Base Amount. In this case, the Redemption Amount will be less than the Base Amount.

You are not entitled to receive any other income (e.g. dividends) and have no right to any further entitlement (e.g. voting rights) resulting from the underlying.