ING Groep N.V./CapBonus/27/Call/LBBW

This Capped Bonus Certificate is linked to ING Groep N.V., the underlying instrument, and has a term ending on January 28, 2028. The product features a protection level of EUR 13.90 and a cap of EUR 26.81. The investor participates in the performance of the underlying, taking the multiplier of 1.006994 into account. The redemption amount, however, is limited to a maximum of EUR 27.00 (cap times the multiplier). If the underlying never trades at or below the protection level during the observation period from January 05, 2026 to January 21, 2028, at least the bonus amount of EUR 27.00 and at most the maximum amount (in cash) will be redeemed upon maturity. In any other case, redemption will be made in the form of units in the underlying or a reference asset.