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Nationwide launches new equity bond

23 October 2006
A new Guaranteed Equity Bond (GEB) from Nationwide Building Society has been launched today (Monday, October 23rd).

The bond comes with a minimum ten per cent return on top of the initial outlay over a five-year investment period.

However, if the markets perform well for the duration of the investment, the account holder will be entitled to receive 55 per cent of any growth in the value of the FTSE 100, Nikkei 225 and DJ EuroSTOXX 50 indices, if this is greater than the guaranteed ten per cent.

Clive Parkinson, the managing director of Nationwide Investments, said: "The Nationwide Guaranteed Equity bond is ideal for those people who wish to invest in the stock market, but have concerns about the risk involved.

"The GEB not only offers peace of mind to the investor by providing a capital guarantee but also goes one step further - it guarantees a minimum return of ten per cent so the return is always more than the original amount invested."

Mr Parkinson also noted that because the bond was linked to the indices of markets in the UK, Europe and Japan customers would potentially benefit from a range of companies across a wide market of domestic and overseas stocks.

To read more about investment bonds, click here.

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