Nationwide offers fourth issue of L&G's GEB

With effect from today, Monday 21 July 2008, Nationwide will offer a new Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).

The L&G GEB, now in its fourth issue, is a six year deposit based GEB that guarantees to return the original capital and provide a minimum return of at least 12% (1.90% AER) if held until maturity. If stock markets perform well over the six year term, the investment will provide a minimum return of 12% or , if greater, 80% of any growth (after averaging) in the value of a basket of three of the world's leading stock market indices - the FTSE 100, DJ EuroSTOXX 50 Index and Nikkei 225 Index. The minimum investment is £500 and there is no maximum investment limit.

Customers who invest before 13th September 2008 will benefit from pre-investment interest of 4.00% gross p.a./AER , which will be added to the original investment.

The previous Legal & General GEB offered by Nationwide was closed to new business on Friday 18 July 2008.

Robin Bailey, Nationwide's investments director, said: "A Guaranteed Equity Bond offers consumers the opportunity to make an investment linked to three of the world's leading stock market indices without risking their capital. In the current climate, where people may be more cautious about investing directly in the stock market, it offers peace of mind by guaranteeing to return the original investment plus a minimum of 12% at maturity. This provides reassurance to investors as the return is always going to be more than the original amount invested, if held until maturity."