Nationwide GEB to begin on Monday

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Nationwide GEB to begin on Monday

Fri 20th Jan 2006

Nationwide is to launch its guaranteed equity bond (GEB) on Monday.

The Nationwide GEB product will be linked to the FTSE 100, Nikkei 225 and the DJ EuroSTOXX 50 indices.

Guaranteeing a return on the original investment and either growth of more than ten per cent or growth of up to 50 per cent on the value of the indices, the Nationwide GEB is described as being "ideal" for those who want less risky stock market investments, according to Clive Parkinson, managing director of Nationwide Investments.

"The Nationwide GEB not only offers peace of mind to the investor by providing a capital guarantee," he adds.

Mr Parkinson continues that linking investment to multiple stock markets offers the investor "broader opportunity" to partake in growing international markets.

The Nationwide GEB provides investors with the guarantee that 110 per cent of their investment will be returned to them irrespective of economic performance, he adds.

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