Amundi Physical Gold ETC issues new tranche of securities

LONDON - Amundi Physical Metals plc has issued 1,933,000 ETC (Exchange Traded Commodity) securities as part of Tranche 766 of its Amundi Physical Gold ETC program, according to a final terms document published Thursday.

The new issuance brings the total number of securities in the series to 67,198,759. Each ETC security provides investors with exposure to physical gold without requiring them to take physical delivery of the metal.

The securities have a metal entitlement of 0.0396525 fine troy ounces of gold per security as of the subscription trade date. They are scheduled to mature on May 23, 2118, offering investors a long-term investment vehicle linked to gold prices.

The ETC securities are listed on multiple European exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. They are also admitted to trading on the International Quotation System of the Mexican Stock Exchange.

Investors in these securities benefit from the physical backing of gold held in allocated accounts by custodian HSBC Bank plc. The total expense ratio for the securities is 0.12% per annum, which is deducted from the metal entitlement over time.

The securities are governed by Irish law and secured by the underlying gold. They offer investors an alternative means of gaining exposure to gold price movements through securities markets rather than direct ownership of the physical metal.

According to the final terms document, several financial institutions serve as authorized participants for the program, including HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited.

This information is based on a press release statement from Amundi Physical Metals plc.

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