A reverse convertible note is an investment product that pays a fixed coupon. A coupon is a fixed interest rate that you receive on your investment.
At maturity, you may receive the underlying share if its price closes below a predefined risk barrier. If the share closes at or above this barrier on the final valuation date, you receive 100% of the nominal value. If it closes below the barrier, you will then receive whole Adyen shares at the closing price of the share on 17 August 2026. Any remaining amount will be paid out in cash.
In all scenarios, you receive the fixed coupon.
"}},{"componentType":"sectionTitle","title":"Key features of the ING Reverse Convertible Note linked to Adyen"},{"componentType":"paragraph","richBody":{"value":"In summary
Product details
| Share value | Amount |
|---|---|
| Initial value | € 800 |
| Final value (+30%) | € 1,040 |
| Item | Amount |
|---|---|
| Investment | € 1,000 |
| Redemption | € 1,000 |
| Coupon | € 160 |
| Total payout | € 1,160 |
| Return | 16% |
The Adyen share price has increased by 30%. Your payout consists of the redemption amount of the Note and the coupon payment. Your total return is 16%. You do not participate in the appreciation of the Adyen share price.
"},"title":"Adyen rises by 30%"},{"richBody":{"value":"| Share value | Amount |
|---|---|
| Initial value | € 800 |
| Final value (+10%) | € 880 |
| Item | Amount |
|---|---|
| Investment | € 1,000 |
| Redemption | € 1,000 |
| Coupon | € 160 |
| Total payout | € 1,160 |
| Return | 16% |
The Adyen share price has increased by 10%. Your payout consists of the redemption amount of the Note plus the coupon payment. Your total return is 16%. You do not benefit from the increase in the Adyen share price.
"},"title":"Adyen rises by 10%"},{"richBody":{"value":"| Share value | Amount |
|---|---|
| Initial value | € 800 |
| Final value (-10%) | € 720 |
| Item | Amount |
|---|---|
| Investment | € 1,000 |
| Redemption | € 1,000 |
| Coupon | € 160 |
| Total payout | € 1,160 |
| Return | 16% |
The Adyen share price has fallen by 10%. Your payout consists of the redemption amount of the Note and the coupon payment. Your total return is 16%. You do not suffer any loss as a result of the decline in the Adyen share price.
"},"title":"Adyen falls by 10%"},{"richBody":{"value":"| Share value | Amount |
|---|---|
| Initial value | € 800 |
| Final value (-30%) | € 560 |
| Item | Amount |
|---|---|
| Investment | € 1,000 |
| Redemption | € 560 |
| Cash payment | € 140 |
| Coupon | € 160 |
| Total payout | € 860 |
| Return | -14% |
The Adyen share price has fallen by 30%. As the share price has declined by more than 20%, the following happens:
Your loss (-14%) is smaller than the decline in the Adyen share price (-30%).
"},"title":"Adyen falls by 30%"}],"componentType":"accordion"},{"componentType":"paragraph"},{"componentType":"paragraph"},{"componentType":"sectionTitle","title":"What are the costs?"},{"componentType":"paragraph","richBody":{"value":"There are no subscription or purchase fees. You only pay ING Bank N.V.’s one-off structuring costs, which are built into the product and amount to a maximum of 2%.
> Read more about the costs of Self Invest
"}},{"componentType":"sectionTitle","title":"Can you exit early?"},{"componentType":"paragraph","richBody":{"value":"You can sell the ING Reverse Convertible Note linked to Adyen during the term of the investment.
Please note the following:
Yes. Investing always involves risks and costs. You may lose part or all of your investment.
Credit Risk
By investing in the Note, you are exposed to the credit risk of ING Bank N.V. This means that if ING Bank N.V. were to become insolvent or default on its obligations, you may not receive all or part of your invested capital, even if the Note would otherwise have redeemed at 100%.
Capital Risk
If the Adyen share price closes below the 80% risk barrier on the final valuation date, the Note will redeem into Adyen shares instead of cash. In that case, you will incur a loss on part of your invested capital. In addition to the shares received, you will still receive the fixed coupon of 16% of your initial investment.
To ensure that you have sufficient knowledge of the ING Reverse Convertible Note linked to Adyen, you must first answer a number of questions about structured products before you can invest. If you have read the information above, you should have no difficulty completing the assessment. If you already have experience with structured products and/or have completed the assessment previously, you can subscribe immediately.
"}},{"componentType":"sectionTitle","title":"Important information"},{"alignedImage":{"position":"right","extension":"jpg","original":"https://assets.ing.com/asset/83e059ba-b5b7-4f93-9874-921846ff29bd/AFM-risicoindicator-6.jpg","transformBaseUrl":"https://assets.ing.com/transform/83e059ba-b5b7-4f93-9874-921846ff29bd/AFM-risicoindicator-6"},"componentType":"paragraph","richBody":{"value":"