Treasury 4.375% 2040 Gilt Launch
Applications open
Important Information - The value of investments will fall as well as rise, so you could get back less than you invest. Once held in a pension, funds are not usually accessible until age 55 (57 from 2028). Tax rules can change and any benefits depend on individual circumstances. If you are unsure of the suitability of an investment for your circumstances you should seek advice. This advertisement is issued by, and is the sole responsibility of, Hargreaves Lansdown Asset Management Limited.
Applications close 2 September 2024 4pm
The Treasury 4.375% 2040 is a new gilt launching via syndication on the London Stock Exchange.
You can find out more about the Treasury 4.375% 2040 gilt launch in the Information Memorandum and the associated press notice. You must read this before you invest as it will help you understand the gilt’s objectives and the risks.
Any application to participate in the Offer can and will only be made on the basis of the Information Memorandum, together with any supplements thereto.
Unlike new bond issues, you will not know the price (typically £100 per bond or £1 per unit) when making an application. The price will be negotiated between syndicate members and prospective investors on Tuesday 3 September. You will receive the new issue price which may be above £100 per gilt or £1 per unit.
Launch details
Investing in the Treasury 4.375% 2040 gilt launch isn’t right for everyone. You should only invest if the gilt's objectives align with your own, and there’s a specific need for this type of investment within your portfolio.
It’s also important not to put all your eggs in one basket. Spreading your money, diversifying, gives you access to more opportunities and can reduce risk by investing in more individual areas or markets. Find out more about diversification.
The Prospectus will not be published until after syndication. The Prospectus includes full details on the risks of investing in the Treasury 4.375% 2040 gilt launch. If you’re not sure if the investment is right for you or your circumstances, please speak to a financial adviser.
- Open to UK investors located and resident in the UK
- Minimum application of £1,000, increments of £100
- The price will be confirmed after applications close
- Applications with HL close 4pm Monday 2 September 2024
- No charge to apply through HL
- It’s free to hold the shares in the HL Fund and Share Account
- Or apply in our ISA and SIPP with low annual charges. More on our charges.
Please note: money in a SIPP can’t normally be accessed until age 55 (57 from 2028).
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming 0% growth rate. Holders should also get income from the gilt, on which there's no charge from HL and so isn't included in these figures. The income you’ll receive isn't guaranteed and you could get back less than you invest.
£122.98
£0.00
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming a 0% growth rate.
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | ||
|---|---|---|---|---|---|---|---|
| HL Charges | £22.41 | £22.31 | £22.21 | £22.11 | £33.95 | £122.98 | |
| HL management charge | 0.45% | £22.41 | £22.31 | £22.21 | £22.11 | £22.00 | £111.03 |
| Exit dealing charges | £0.00 | £0.00 | £0.00 | £0.00 | £11.95 | £11.95 | |
| Investment charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Net initial charge | 0% | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Ongoing charge | 0% | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Transaction costs | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Incidental charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Total charges over 5 years | £22.41 | £22.31 | £22.21 | £22.11 | £33.95 | £122.98 | |
| Average annual charge | 0.45% | 0.45% | 0.45% | 0.45% | 0.69% | 0.50% | |
| Illustrative 5 year value | £4,977.59 | £4,955.29 | £4,933.08 | £4,910.97 | £4,877.01 | £4,877.01 | |
| Illustrative 5 year value with no charges applied | £5,000.00 | £5,000.00 | £5,000.00 | £5,000.00 | £5,000.00 | £5,000.00 |
The costs and charges shown are for illustration purposes only based on the assumptions presented. Please refer to our Tariff of charges before investing. Returns are not guaranteed.
Total HL charges and 5 Year HL charges also include an £11.95 exit dealing charge.
Figures may not add up to the given total due to rounding.
Expected timetable
| Applications close: | 4pm Monday 2 September 2024 |
| Allocations and Price confirmed: | Tuesday 3 September 2024 |
| Admission: | Wednesday 4 September 2024 |
This is the expected timetable. Applications may close early without warning.
Key documents
View DMO Information Memorandum
The publication of the Information Memorandum and the Press Notice on our website is not an endorsement of the Treasury 4.375% 2040 gilt launch. Hargreaves Lansdown has not authorised or approved the Information Memorandum or the Press Notice, as such we are unable to guarantee their accuracy.
What happens after you apply?
- You can view your application in the Pending Orders tab of your online account.
- You can cancel your application at any time up to the point when the offer closes.
- You will receive confirmation of your allocation by secure message.
- You'll be able to buy and sell the Treasury 4.375% 2040 gilt units once they are listed on the exchange.