Nationwide launches new guaranteed equity bond

Nationwide has launched a five-year guaranteed equity bond, with a guarantee to return the original investmnet plus 10%.

The five-year bond guarantees to return the original investment plus 10% or up to 55% of any growth, whichever is greater, in the value of the FTSE 100, Nikkei 225 and DJ EuroSTOXX 50 indices.

Nationwide is also offering an early investor bonus for customers who invest in the new guaranteed equity bond.

The bonus offers up to 0.55% of any investment made between July 3 and August 26 2006.

Clive Parkinson, managing director of Nationwide Investments, says: Customers investing in the Guaranteed Equity Bond have the opportunity to take advantage of an early investor bonus, which will automatically increase the initial lump sum invested. In addition to this, they will continue to benefit from a minimum 10% growth over the five year term with the added potential of even greater returns of up to 55% of any growth in the value of the three worldwide indices.