Nationwide launches 6-year Guaranteed Equity Bond

Nationwide launches 6-year Guaranteed Equity Bond

Nationwide Building Society has launched a new issue of its Legal & General Guaranteed Multi-Index Equity Bond (GEB).

The six year GEB offers 70% return on any growth in the value of three of the world’s top stock market indices - the FTSE 100 Index, S&P 500 Index, and DJ EuroSTOXX 50 Index.

Nationwide guarantees to return at least 100% of the original investment, whilst the maximum return is capped at 140% of the original investment.

The minimum amount that can be invested is £500; there is no maximum.

Customers who invest before April 18, 2009 will receive a 1.00% gross/AER pre-investment bonus.

Nationwide’s head of media relations, Alan Oliver, said: “In the current climate people may be feeling more cautious about investing directly in the stock market.

“However, the Guaranteed Equity Bond offers peace of mind by guaranteeing to return the original investment if held until maturity.”

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