Nationwide offers L&G Capital Guaranteed Multi-Index Equity Bond

With effect from today, Monday 15 September 2008, Nationwide will offer a new Legal & General L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).

The L&G GEB, now in its fifth issue, is a six year deposit based GEB that guarantees to return the original capital and provide a minimum return of at least 18% (2.80% AER) if held until maturity. The investment will provide a minimum return of 18% or, if stock markets perform well over the six year term, 70% of any growth (after averaging in the final year) 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 Nikkei 225 Index. The minimum investment is £500 and there is no maximum investment limit.

Customers who invest before the offer closes on 8 November 2008 will benefit from pre-investment interest of 4.00% AER, which will be added to the original investment.

The previous Legal & General GEB offered by Nationwide closed to new business on Saturday 13 September 2008.

Steve Blore, Nationwide's head of external affairs, 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 plus a minimum of 18% (2.80% AER) if held until maturity. Furthermore, investors have the potential to benefit from greater gains based on the average performance of three major stock markets from around the world.

"With the return being more than the original amount invested, the Guaranteed Equity Bond is ideal for anyone looking to make an investment linked to stock market indices, without risking their capital if held for the full term."