Nationwide offers new issue of Legal & General’s GEB

With effect from Monday 16 February 2009, Nationwide is offering a new Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).

The L&G GEB, now in its eighth issue, is a six year deposit based GEB that guarantees to return the original capital if held until maturity. The investment will provide 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 S&P 500 Index, subject to a maximum return of 40% of the customer's original investment. The minimum investment is £500 and there is no maximum investment limit.

Customers who invest before the offer closes on 18 April 2009 will benefit from pre-investment interest of 1.00% gross/AER, which will be added to the original investment. The GEB has a limited availability and may be closed early if fully subscribed.

The seventh issue of the Legal & General GEB offered by Nationwide was withdrawn from sale on Saturday 14 February 2009.

Alan Oliver, Nationwide's head of media relations, 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 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.

"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 six year term."