Nationwide guaranteed equity bond to be launched

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Nationwide guaranteed equity bond to be launched

Tue 2nd Aug 2005

On Monday 8th August, Nationwide is launching a new guaranteed equity bond (GEB) whose growth is linked to the FTSE 100 index.

The bond promises to return all original invested capital plus 80 per cent of any FTSE 100 index growth after five years.

Nationwide hopes that the offer will encourage long-term saving and is offering an early investor bonus to those customers who buy a GEB.

Clive Parkinson, managing director of Nationwide Investments, said: "Guaranteed Equity Bonds are ideal for people who wish to invest in the stock market but have concerns about the risks involved."

The beauty of a GEB is that investors can profit from stock market growth while avoiding the risk of losing the original investment.

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