National Savings

2002-04-26TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk565511001

2-YEAR INDEX-LINKED NATIONAL SAVINGS CERTIFICATES—NEW ISSUE

12th Issue 2-Year Index-linked Savings Certificates went on sale on 26 April 2002. The value of a Certificate will move in line with the rate of inflation as measured by the Retail Prices Index (subject to the detailed rules set out in the terms and conditions), plus extra interest as follows:

Purchase price	+ Index-linking for year 1	+ 1.0% of Purchase price	= 1st Anniversary Value
1st Anniversary Value	+ Index-linking for year 2	+ 1.61% of 1st Anniversary Value	= Maturity Value

If a Certificate is held for two years, these rates will give a tax-free and guaranteed return equal to 1.3% pa compound in addition to index-linking.
Issued by National Savings and Investments on behalf of the Treasury