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LONDON - Xtrackers ETC plc announced it will issue 192,000 new ETC Securities as part of Tranche 546 of its Series 2 Xtrackers IE Physical Gold ETC Securities due 2080. The issuance is scheduled for November 10, 2025.
The new securities will bring the total number in the series to 111,966,330, according to the final terms document published Friday. The securities are backed by physical gold with each security representing 0.015388001 fine troy ounces of the metal.
The issue price per security is $61.3443, with the total net proceeds estimated at approximately $11.78 million. The gold-backed securities are designed to provide investors with exposure to the precious metal without requiring physical delivery.
The ETC Securities are subject to a daily product fee of 0.11% per annum, which accrues through a reduction in the metal entitlement per security. They have a scheduled maturity date of April 23, 2080.
The securities will be admitted to trading on the Frankfurt Stock Exchange, Borsa Italiana, and the London Stock Exchange. JPMorgan Chase Bank acts as the metal agent for the securities, while the gold is held by the secured account custodian on an allocated basis.
Based on a press release statement, the proceeds from this issuance will be used to acquire unallocated gold which will, to the extent possible, be allocated to physical metal bars and held in a secured allocated account to back the Issuer’s obligations under the ETC Securities.
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