Nationwide offers ninth issue of Legal & General's Capital GEB

With effect from Monday 20 April 2009 Nationwide is offering a new Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).

The L&G GEB, now in its ninth issue, is a six year deposit based GEB that guarantees to return the customer's original capital if held until maturity. Plus, if the stock market indices perform well, there is the potential for growth of up to 50% of the customer's original investment. The final calculation is based on 90% of any growth in the value 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 final year averaging).

The minimum investment is £500 and there is no maximum investment limit. The GEB has a limited availability and may be closed early if fully subscribed.

The eighth issue of the Legal & General GEB offered by Nationwide will be withdrawn from sale on Saturday 18 April 2009.

Robin Bailey, Nationwide's divisional director of investments, said: "In the current climate people may be feeling more cautious about investments. However, investing in a GEB is different as it links the value of your money to selected stock market indices rather than directly in stocks and shares. The Guaranteed Equity Bond offers peace of mind by guaranteeing to return the original investment if held until maturity.

"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 and has the potential to benefit from greater gains based on the average performance of three major stock markets from around the world."