Nationwide offers new bond issue
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Money News |
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Nationwide offers new bond issue
Mon 16th Feb 2009
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The eighth issue of the bond is a six-year deposit-based GEB which guarantees to return the original capital if it is held until maturity.
It offers a return of 70 per cent on any growth in the value of a basket of three of the world's leading stock market indices - the FTSE 100 Index, DJ EuroSTOXX 50 Index and S&P 500 Index, subject to a maximum return of 40 per cent of the customer's original investment.
Alan Oliver, Nationwide's head of media relations, 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."
Recently, Nationwide came out top in a moneysupermarket.com survey of the most trusted savings brands in the UK.
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