EU Harmonisation Label: European Covered Bond (Premium)
Size: € benchmark
Price guidance: MS+30bps area
Settlement Date: 08-Apr-26 (T+5)
Maturity Date: 08-Apr-31 - 5yr soft bullet
Extended Maturity Date: 08-Apr-32
Coupon: Fixed Annual
Coupon during Extended Maturity: 1 month Euribor + [■] bp, per annum, monthly in arrear, from 8 April 2031 until 8 April 2032
Day Count Fraction until the Maturity Date: Actual/actual (ICMA)
Business Day Convention until the Maturity Date: Following Business Day Convention, unadjusted
Day Count Fraction during Extended Maturity: Actual/360
Business Day Convention during Extended Maturity: Modified Following Business Day Convention, adjusted
Business Day Centre: T2
Denomination: €100k + €100k
Listing: Euronext Amsterdam
Governing Law: Dutch Law
Lead Managers: Barclays, Commerzbank, DZ BANK, Erste Group, HSBC, ING, Natixis, Raiffeisen Bank International
Documentation: Issued off the ING Bank N.V. €30bn Hard and Soft Bullet Covered Bonds Programme dated 11-Mar-26
Security Format: New Global Note (NGN) bearer form, RegS, Tefra D
Target market: Manufacturer target market (MIFID II/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK
Fees: The banks will be paid a fee by the Issuer in connection to the transaction
Schedule: Books open, today's business
Advertisement: This Term Sheet is an advertisement for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and underlying legislation. It is not a prospectus or final terms for the purposes of the Prospectus Regulation or the Prospectus Rules: Admission to Trading on a Regulated Market (PRM) sourcebook. The Prospectus consisting of the securities note dated 11 March 2026 and the registration document of ING Bank N.V. dated 11 March 2026 is available at https://ing.com/investors/fixed-income-information/debt-securities-ing-bank-nv/hard-and-soft-bullet-covered-bonds and the Final Terms, when published, will be available on the same website and the website of the Euronext Amsterdam