Bitcoin price today: slips below $113k, near 6-wk low despite Fed cut bets
LONDON - Amundi Physical Metals plc has announced the issuance of 70,500 ETC Securities, which are part of Tranche 666 of the Amundi Physical Gold ETC, under its Secured Precious Metal Linked ETC Securities Programme. The issue date for the new tranche of ETC Securities is set for Tuesday, March 11, 2025, increasing the aggregate number of ETC Securities of the series immediately following the issue to 54,348,059.00.
Each ETC Security, initially entitled to 0.04 fine troy ounces of gold, will have a Metal Entitlement of 0.03968212 fine troy ounces as at the subscription trade date for the relevant tranche. The ETC Securities, first issued on May 23, 2019, are scheduled to mature on May 23, 2118.
The ETC Securities are designed to offer investors exposure to gold prices without the need to take physical delivery of the metal. The issuer, Amundi Physical Metals plc, has secured the obligations under the ETC Securities with interests in gold, and payments to investors are subject to the value of this secured gold. The newly issued securities are part of an ongoing program, and this tranche will be admitted to trading on Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange.
The Total (EPA:TTEF) Expense Ratio for managing the ETC Securities is set at 0.12% per annum. In terms of redemption, the nominal amount is USD 5.085 per ETC Security, representing 10% of the issue price as of the series issue date, with a specified interest amount of USD 0.051, equating to 1% of the nominal amount.
Investors are advised to consider the full details of the ETC Securities, including the risks and the structure of the product, as laid out in the Base Prospectus dated May 20, 2019, the Current Base Prospectus dated May 3, 2024, and the Supplement to the Current Base Prospectus dated July 26, 2024. The information provided here 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.