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.
This Note has a predetermined risk barrier set at 75% of the share’s initial value.This means that the Note will redeem at 100% of its nominal value if the share’s final value is at least 75% of its initial value.
Has the share fallen by more than 25%, meaning that its final value is less than 75% of its initial value? In that case, the Note will redeem at 100% of the nominal value minus the percentage decline in the share price.
The indicative coupon is 12.5%*.
*The final coupon will be announced no later than 26 October 2026 and will not be lower than 12.5%.
"}},{"componentType":"sectionTitle","title":"What is the ING Reverse Convertible Note linked to ASML?"},{"componentType":"paragraph","richBody":{"value":"| Share value | Amount |
|---|---|
| Initial value | € 1,500 |
| Final value (+30%) | € 1,950 |
| Item | Amount |
|---|---|
| Investment | € 1,000 |
| Redemption | € 1,000 |
| Coupon | € 125 |
| Total payout | € 1,125 |
| Return | 12.5% |
The price of ASML has increased by 30%. You will receive the redemption amount of the Note plus the coupon. Your total return is 12.5%. You do not benefit from the increase in the share price of ASML.
"},"title":"ASML rises by 30%"},{"richBody":{"value":"| Share value | Amount |
|---|---|
| Initial value | € 1,500 |
| Final value (+10%) | € 1,650 |
| Onderdeel | Bedrag |
|---|---|
| Investment | € 1,000 |
| Redemption | € 1,000 |
| Coupon | € 125 |
| Total payout | € 1,125 |
| Return | 12,5% |
The price of ASML has increased by 10%. You will receive the redemption amount of the Note plus the coupon. Your total return is 12,5%. You do not benefit from the increase in the share price of ASML.
"},"title":"ASML rises by 10%"},{"richBody":{"value":"| Share value | Amount |
|---|---|
| Initial value | € 1,000 |
| Final value (-10%) | € 900 |
| Item | Amount |
|---|---|
| Investment | € 1,000 |
| Redemption | € 1,000 |
| Coupon | € 125 |
| Totale payout | € 1,125 |
| Return | 12.5% |
The price of ASML has fallen by 10%. You will receive the redemption amount of the Note plus the coupon. Your total return is 12.5%. You do not suffer any loss as a result of the decline in the share price of ASML.
"},"title":"ASML falls by 10%"},{"richBody":{"value":"| Share value | Amount |
|---|---|
| Initial value | € 1,500 |
| Final value(-30%) | € 1,050 |
| Item | Amount |
|---|---|
| Investment | € 1.000 |
| Redemption | € 700 |
| Coupon | € 125 |
| Total payout | € 825 |
| Return | -17.5% |
The share price falls by 30% and, on the final valuation date, the share is trading at €1,050. On the redemption date, you will receive:
€1,000 × (€1,050 / €1,500) = €700
In addition, you will receive the fixed coupon of 12.5%, which amounts to €125.
The total redemption amount is therefore:
€700 + €125 = €825
As a result, the total return on the Note is –17.5%.
"},"title":"ASML falls by 30%"},{"richBody":{"value":"| Share value | Amount |
| Initial value | € 1,500 |
| Final value(-50%) | € 750 |
| Item | Amount |
| Investment | € 1,000 |
| Redemption | € 500 |
| Coupon | € 125 |
| Total payout | € 625 |
| Return | -37.5% |
The share price falls by 50% and, on the final valuation date, the share is trading at €750. On the redemption date, you will receive:
€1,000 × (€750 / €1,500) = €500
In addition, you will receive the fixed coupon of 12.5%, which amounts to €125.
The total redemption amount is therefore:
€500 + €125 = €625
As a result, the total return on the Note is –37.5%.
"},"title":"ASML falls by 50%"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"How to subscribe"},{"body":"Subscribe in 3 simple steps","componentType":"applicationProcess","conditions":{"title":"Example calculations"},"steps":{"stepList":[{"textLink":{"text":"Learn what Self Invest is all about","url":"/en/personal/investing/investments-at-ing/self-invest"},"title":"Open a Self Invest account with ING if you don’t have one yet. This account is linked to your ING current account."},{"body":"Open your Self Invest account and click ‘Transfer’. Then select your linked current account and choose the amount you want to invest.","title":"Transfer money to your Investment Account"},{"body":"Open your Self Invest account and go to ‘Manage’ and select ‘IPOs and issues’. Then choose the open IPO or issue you want to subscribe to.","title":"Select the available issue"}],"title":"You need a Self Invest account"}},{"componentType":"sectionTitle","title":"What are the costs?"},{"componentType":"paragraph","richBody":{"value":"You do not pay any purchase or subscription fees. The only charge is a one-off structuring fee levied by ING Bank N.V. This fee, of up to 1.5%, is built into the product and therefore already reflected in its pricing.
"},"textLinks":[{"text":"Read more about the fees for Self Invest","url":"/en/personal/investing/investments-at-ing/zelf-op-de-beurs-rates"}]},{"componentType":"sectionTitle","title":"Can you exit early?"},{"componentType":"paragraph","richBody":{"value":"You can sell the ING Reverse Convertible Note linked to ASML before maturity.
Please keep the following in mind:
Yes. Investing always involves risks and costs. You may lose some or all of your initial 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 otherwise be unable to meet its obligations, you could lose some or all of the amount invested, even if the Note would otherwise have redeemed at its full value.
Capital Risk
If, on the final valuation date, the share closes below the 75% risk barrier, the Note will redeem below its nominal value. In that case, the redemption amount will be equal to 100% of the nominal value minus the percentage decline in the share price.
In addition, you will receive the fixed coupon of 12.5%. However, the coupon may not fully offset the loss of capital resulting from a significant decline in the share price.
"}},{"componentType":"sectionTitle","title":"Knowledge and experience"},{"componentType":"paragraph","richBody":{"value":"To ensure that you have sufficient knowledge of the ING Reverse Convertible Note linked to ASML, 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":{"extension":"jpg","original":"https://assets.ing.com/asset/71f9c2ce-653b-43c0-8ddd-51c700bedef2/AFM_rond_risicoscore-5.jpg","transformBaseUrl":"https://assets.ing.com/transform/71f9c2ce-653b-43c0-8ddd-51c700bedef2/AFM_rond_risicoscore-5"},"componentType":"paragraph","richBody":{"value":"