Nationwide launches new guaranteed equity bond

22 May 2006
Nationwide has announced plans to launch a new guaranteed equity bond.

The high-street lender says the bond will return the original investment plus ten per cent or up to 55 per cent of growth, depending on which is greater.

In addition, in a bid to drum up interest, Nationwide says it will provide an "early investor bonus".

Those applying between May 22nd and June 3rd will receive 0.4 per cent of any investment; 0.30 per cent for one made between June 5th and 17th and 0.2 per cent of any investment made between June 19th and July 1st.

Nationwide Investments managing director Clive Parkinson said investors were in line to benefit from "some of the world's top companies which are listed on the stock markets of the UK, Europe and Japan, but without risking their original capital".

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

The policy will be available from this Monday, May 22nd.

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