Nationwide Guaranteed Equity Bond available

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Nationwide Guaranteed Equity Bond available

Fri 19th May 2006

A new tranche of the Nationwide Guaranteed Equity Bond (GEB) has been opened, guaranteeing to return the original investment plus ten per cent, or 55 per cent of any growth in the FTSE 100, Nikkei 225 and DJ EuroSTOXX 50 indices.

Whichever is the greater of these two percentages will be paid to investors in the bond, which has a five-year term.

An early investor bonus is also offered on this package, which will consist of 40 per cent of any investment made between May 22nd and June 3rd, 0.3 per cent of investment between June 5th and June 17th and 0.2 per cent of any funds placed in the account between June 19th and July 1st.

Clive Parkinson, managing director of Nationwide Investment, says that the increased participation rate on the Nationwide Guaranteed Equity Bond has been enabled by the recent movements that have taken place in swap rates.

"The GEB offers peace of mind by guaranteeing to return the original investment, so the capital is always secure," Mr Parkinson added.

"It also provides a minimum of ten per cent growth over the five-year term with the added potential benefit of even greater returns of up to 55 per cent of any growth in the value of three worldwide indices."

The new issue of the Nationwide Guaranteed Equity Bond follows the withdrawal of the previous offer, which will take place on May 20th.

There are no set-up fees on the product and a minimum investment of £5,000 is required.

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