Berkshire Hathaway reveals $4.3 billion stake in Alphabet, cuts Apple
LONDON - iShares Physical Metals Plc announced plans to issue 20,000 securities of its iShares Physical Palladium ETC on November 17, 2025, according to a final terms document published Friday.
The new issuance represents Tranche Number 161 of the company’s palladium exchange-traded commodity (ETC) securities. Following the issuance, the total number of securities in the series will increase from 1,897,607 to 1,917,607.
Each security will have an issue price of $41.835796 and a metal entitlement of 0.028595896 troy ounces of palladium per security. The securities will be admitted to trading on the London Stock Exchange’s regulated market.
The palladium ETC securities carry a total expense ratio of 0.20% per annum, which is applied to the metal entitlement on a daily basis. The securities are undated with no final maturity date.
According to the document, the maximum issue size for the series is capped at 300 billion units. The securities are backed by physical palladium held in allocated form by a custodian.
JPMorgan Chase Bank, N.A., London Branch serves as the metal counterparty for the series, while authorized participants include Susquehanna Ireland Limited, Credit Suisse Securities, Morgan Stanley, and several other financial institutions.
The information was disclosed in a final terms document filed with the London Stock Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.