Amundi Physical Metals plc Announces Issuance of New Gold ETC Securities

Amundi Physical Metals plc has released the final terms of its new issuance under its Secured Precious Metal Linked ETC Securities Programme, featuring the Amundi Physical Gold ETC. According to the announcement, this tranche, numbered 542, consists of 71,000 ETC Securities. The issuance is part of the series that initially launched on 23 May 2019, with this specific tranche scheduled for issuance on 5 April 2024. Following this tranche's issuance, the aggregate number of ETC Securities in the series will reach 52,175,655.

The ETC Securities are designed to offer investors exposure to the price of gold, with an initial metal entitlement of 0.04 fine troy ounces per security at the series issue date, marginally decreasing to 0.0397264 at the issuance date of this specific tranche. The securities are positioned for a long-term horizon, with a scheduled maturity date set for 23 May 2118.

The total expense ratio for managing the securities remains low at 0.12% per annum. The listing applications for this tranche include major exchanges like Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange, among others. Amundi’s announcement highlights a strong line-up of authorized participants for the ETC Securities, including reputable names such as HSBC Bank plc, Jane Street Financial Limited, and Merril Lynch International.