LONDON – Amundi Physical Metals plc has announced the issue of a new tranche of its gold-linked Exchange Traded Commodities (ETC), part of the company’s Secured Precious Metal Linked ETC Securities Programme. The latest tranche, numbered 647, comprises 222,600 ETC Securities of the Amundi Physical Gold ETC, with an issue date set for January 20, 2025.
The ETC Securities are designed to offer investors exposure to gold prices without the necessity of taking physical delivery of the metal. Each ETC Security is associated with a specific amount of gold, known as the “Metal Entitlement,” which decreases daily to cover operational expenses at a Total (EPA:) Expense Ratio of 0.12% per annum.
Following the issuance, the aggregate number of ETC Securities in this series will reach 54,286,559. These securities are linked to the performance of gold and are secured by gold held by HSBC Bank plc as the custodian. The scheduled maturity date for the ETC Securities is May 23, 2118.
The newly issued ETC Securities are expected to be admitted to trading on several prominent exchanges, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:). Additionally, an application has been made for these securities to be traded on the International Quotation System of the Mexican Stock Exchange.
Investors should note that the value of ETC Securities can fluctuate with the price of gold, and the performance of the ETC Securities is not guaranteed to mirror past performance of the precious metal. The ETC Securities are secured, limited recourse obligations, and in the event of the issuer’s insolvency, the ETC Securities will have a claim only to the secured property, not to other assets of the issuer.
The Issuer, Amundi Physical Metals plc, is a public company limited by shares incorporated in Ireland. The company was established as a special purpose vehicle for the issuance of ETC Securities linked to precious metals, primarily gold.
This issuance of ETC Securities is based on a press release statement and provides an alternative investment vehicle for gaining exposure to gold market movements. Investors are advised to review the full documentation, including the Base Prospectus and the Final Terms, to understand the risks and terms associated with the ETC Securities before making any investment decisions.
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