LONDON – Amundi Physical Metals plc announced on Monday the issuance of a new tranche of its exchange traded security (ETC), Amundi Physical Gold ETC. The new tranche, tranche 640, consists of 40,000 ETC securities, which adds to the total number of ETC securities of the series, which after this issue now totals 52,834,759.00.
Securities linked to the price of physical gold provide investors with exposure to the precious metal. The Initial Metal Entitlement on the Series Issue Date was 0.04 fine troy ounces, which as of the Subscription Trade Date for the relevant tranche is 0.03969048 fine troy ounces. The issue date of the new tranche is set for January 6, 2025, with a planned maturity date far in advance of May 23, 2118.
The issuer, Amundi Physical Metals plc, has set the total expense ratio for managing the ETC securities at 0.12% per annum. This fee is intended to cover all operational costs associated with the securities.
Amundi has filed for listing of ETC securities on several regulated markets, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana and London Stock Exchange (LON:). Additionally, the securities are listed for trading on the International Quotation System of the Mexican Stock Exchange, subject to private placement exemptions.
ETC securities are secured, limited recourse obligations of the issuer, which means that investors can only resort to the secured assets, primarily gold, and not any other assets of the issuer. In the event of insolvency, ETC securities would rank equally with each other.
This release follows the regulatory framework set by United Kingdom (TADAWUL:) Financial Conduct Authority, with a Base Prospectus approved on 3 May 2024. The final terms of the ETC Securities are designed to provide investors with key information necessary to understand the nature and risks of the issuer and the securities.
Investors interested in Amundi Physical Gold ETC can gain exposure to gold price movements through the securities market, without the need for physical delivery of gold. The above information is based on the press release of Amundi Physical Metals plc.
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