Newcastle Building Society is launching a second issue of its balanced equity bond.
The bond is made up of two elements – a six month fixed rate bond which pays interest at 7.5 per cent and a global guaranteed equity bond which is linked to the performance of the FTSE 100, the Nikkei 225 and the Eurostoxx 50.
The bond has a minimum investment of £10,000 and a maximum of £500,000. Investments must be divided equally between the fixed rate and global guaranteed elements.
Interest on the global guaranteed bond element is based on 85 per cent of the chosen indices. Investors are guaranteed the return of their original capital.
The product is available until September 21.