Amundi issues new tranche of Gold ETC securities

LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of ETC Securities under its Amundi Physical Gold ETC, as part of its ongoing efforts to provide investment opportunities linked to the price of gold. The latest tranche, numbered 664, consists of 559,000 ETC Securities and follows the issuer’s Secured Precious Metal Linked ETC Securities Programme.

The issued securities will increase the aggregate number of ETC Securities of the series to 54,232,959.00, each with a Metal Entitlement of 0.03968239 fine troy ounces as of the Subscription Trade Date for the relevant tranche. This issuance is scheduled for Friday, March 7, 2025, and the securities are set to mature on May 23, 2118.

The ETC Securities are designed to offer investors exposure to gold prices without the necessity of taking physical delivery of the metal. They are secured by the gold held by the issuer and offer limited recourse, meaning investors have claims only against the secured property and not against any other assets of the issuer.

Amundi Physical Metals plc has set the Total (EPA:TTEF) Expense Ratio for the ETC Securities at 0.12% per annum. The nominal amount for each ETC Security is set at USD 5.085, and a specified interest amount of USD 0.051 is also established.

Applications have been made for these ETC Securities to be admitted to trading on several regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, the Deutsche Börse, the Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange.

Investors interested in the Amundi Physical Gold ETC can gain exposure to the gold market through this financial instrument, which provides a similar experience to direct gold investment with the flexibility of trading in the securities market.

The issuer has emphasized that the ETC Securities are subject to market conditions and the price of gold, which can fluctuate. Potential investors are advised to consider the full details of the offering, including the Base Prospectus and Final Terms, to understand the risks and characteristics of the investment.

The information for this article is based on a press release statement from Amundi Physical Metals plc.

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