How are energy investors positioned?
LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of its Amundi Physical Gold ETC securities, under its Secured Precious Metal Linked ETC Securities Programme. This latest tranche, numbered 691, consists of 10,000 ETC Securities and follows the issue of 60,282,859 ETC Securities to date.
The ETC Securities, each with an initial metal entitlement of 0.04 fine troy ounces, provide investors with exposure to gold prices without the need for physical delivery. The securities are designed for purchase by authorized participants, who may then offer them to retail and professional clients.
Amundi’s offering comes with a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum and allows for a nominal amount of USD 5.085 per ETC Security, which represents 10% of the issue price per ETC Security as of the Series Issue Date. Additionally, a Specified Interest Amount of USD 0.051, equating to 1% of the Nominal Amount, is included.
The securities are scheduled to mature on May 23, 2118, and are subject to the relevant regulatory law reference date of May 21, 2019. The Board approval for the issuance was obtained on April 25, 2019.
Applications have been made for the ETC Securities to be admitted to trading on regulated markets such as Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG)’s main market. Furthermore, the securities are expected to trade on the International Quotation System of the Mexican Stock Exchange under private placement exemptions.
HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas (OTC:BNPQY) Arbitrage SNC, and Virtu Financial (NASDAQ:VIRT) Ireland Limited are among the authorized participants for the ETC Securities as of the date of these Final Terms.
Investors interested in the Amundi Physical Gold ETC can gain exposure to gold price movements, as detailed in the Current Base Prospectus, which should be considered in conjunction with these final terms for a comprehensive understanding of the offer. This issuance is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.