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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche for its Amundi Physical Gold ETC, under its Secured Precious Metal Linked ETC Securities Programme. The issue, Tranche 698, consists of 93,000 ETC Securities and follows the company’s ongoing efforts to provide investment solutions linked to the price of physical gold.
The ETC Securities, which are linked to and aim to provide exposure to the price of gold without requiring investors to take physical delivery, saw their initial metal entitlement set at 0.04 fine troy ounces at the series issue date on May 23, 2019. As of the subscription trade date for the relevant tranche, which is May 23, 2025, the metal entitlement has been adjusted to 0.03967233 fine troy ounces.
The newly issued tranche brings the aggregate number of ETC Securities of the series to 62,177,859.00. These securities are scheduled to mature on May 23, 2118, and carry a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum, with the nominal amount set at USD 5.085 per security.
Applications have been made to admit the ETC Securities to trading on several prestigious platforms, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, the securities are expected to be admitted to the International Quotation System of the Mexican Stock Exchange.
The issuer, Amundi Physical Metals plc, has structured the ETC Securities to provide investors with a secured, limited recourse investment option, which is backed by the physical gold held by the issuer. The securities are designed to reflect the performance of gold prices, less the TER, and offer an alternative to direct investment in the precious metal.
Investors should note that the ETC Securities are subject to market conditions and risks inherent to investments in physical gold, including price volatility. The securities are also impacted by the creditworthiness of the issuer and the various parties involved in the transaction.
This issuance is based on a press release statement by Amundi Physical Metals plc, and potential investors are advised to review the full documentation, including the Base Prospectus and Final Terms, to understand the features and risks associated with the ETC Securities.
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