Amundi Physical Metals plc Announces Final Terms for New Tranche of Physical Gold ETC Securities

Amundi Physical Metals plc has declared the issuance of a new tranche under its Secured Precious Metal Linked ETC Securities Program. Dated 13 February 2024, the specifics of this offering reveal an issuance of 25,000 ETC Securities designated as Tranche 533 of the Amundi Physical Gold ETC. This initiative forms part of a broader program aimed at offering investors secured exposure to precious metals.

The company's release details the contractual terms of the ETC Securities, elucidating on the aggregate number post-issue which totals 51,822,655 ETC Securities. It also outlines the Metal Entitlement for investors on the Series Issue Date and the Subscription Trade Date, setting it respectively at 0.04 and 0.03973281 fine troy ounces. The peculiarities of this offering, including the total expense ratio pegged at 0.12% per annum and a nominal amount of USD 5.085 per ETC Security, delineate the financial structure of this tranche.

As Amundi Physical Metals plc marches towards expanding its gold exposure offerings, this launch is set to fortify its position further in the precious metals investment sector. With a Scheduled Maturity Date extending to 23 May 2118, these securities pledge a long-term investment opportunity in physical gold.

With applications made for the ETC Securities to be admitted to trading across several esteemed exchanges including Euronext Paris and Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange, and even the International Quotation System of the Mexican Stock Exchange, Amundi is expanding the accessibility of its gold-backed securities to a diversified investor base.