Nationwide equity bond introduced
www.moneynews.co.uk > General finance > Nationwide equity bond introduced
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Money News |
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Nationwide equity bond introduced
Thu 27th Sep 2007
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From October 1st, the five-year bond provides guaranteed return on the original investment plus ten per cent, or up to 60 per cent of any increase in the value of FTSE 100, Nikkei 225 and DJEuroSTOXX 50 indices.
The previous issue of the GEB, which was launched on August 13th, will cease accepting new business on September 29th and the new issue will run for a seven-week period.
Customers are welcome to invest a minimum of £5,000 and there is no maximum.
Robin Bailey, Nationwide's investments director, commented: "Anyone wary about investing will find that a GEB will give them the best of both worlds.
"Namely, the benefit of potential stock market growth while keeping the capital totally secure with a guarantee to return at least the original amount invested plus a minimum of another ten per cent."
Related News : General finance |
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Related News : Nationwide |
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