When looking offshore invest between the flags

Tuesday, October 3rd 2000, 10:09PM

On the one hand, you're looking beyond the returns offered by traditional bank deposits. On the other, you want to protect your capital from high risk. Now, both these aims are within your reach, with this innovative new investment opportunity from Bank of New Zealand.

Enjoy US sharemarket performance with low risk

The Capital Protected Index Investment (CPII) is a two year US linked investment with 100% capital protection. With a minimum investment of $20,000, the CPII lets you access one of the strongest equity markets in the world. Returns are linked to the S&P 500 Index - the top 500 publicly listed US companies. You'll be investing in the performance of giants such as AT&T , IBM, General Motors and Microsoft, to name but a few.

The reassurance of a protected investment

The CPII protects your investment in two ways. Firstly, your capital is repayable in full at maturity, even if the S&P 500 Index goes down. At the same time, irrespective of the movement of the New Zealand dollar against the US dollar, your capital and return will not be affected by fluctuations in the exchange rate.

The time to act is now

We recommend prompt action, as this opportunity is sure to attract many investors. The attractive Early Bird Special means you'll earn interest at 7%p.a. for the period from lodgement to the start of the CPII on 15 November 2000. This interest will be added to your capital, net of withholding tax.

To take advantage of this unique opportunity, simply:

* Contact your Bank of New Zealand Relationship Manager or

* Call one of our investment specialists on 0800 76 75 74 or

* Visit www.bnz.co.nz for further information.

For more information

If you would like any additional information, a copy of the Investment Statement, or further investment advice, please call your Bank of New Zealand Relationship Manager. Alternatively, freephone 0800-767574 or visit www.bnz.co.nz

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