With Freetrade, you can buy or sell as little as one share of a gilt. One share equates to £1 of nominal value. This means the gilt prices on Freetrade are quoted per £1 of nominal value.

Elsewhere in the market, you may see gilt prices quoted per £100 of nominal value, so it’s important you are comparing apples to apples.

The price reflects the market value of the gilt share, not the face value or nominal amount. The price can fluctuate based on market conditions, such as interest rates, inflation expectations, and demand.