Amundi Physical Metals plc: UK Final Terms Announced

Amundi Physical Metals plc has released the final terms for the latest tranche of its Physical Gold ETC. Announced on October 23, 2024, this issuance involves 639,000 ETC securities, marking the 609th tranche in the series. Linked to secured precious metal securities, the issue date for this tranche was October 22, 2024, with a scheduled maturity extending to May 23, 2118.

The initial metal entitlement per security is noted as 0.04 fine troy ounces, adjusted to 0.0397004 at the subscription trade date. The nominal amount stands at USD 5.085 per security, a value representing 10% of the original issue price. The total expense ratio is set at 0.12% annually.

These securities will be listed and traded on major exchanges, including Euronext Paris, the London Stock Exchange, and others. The ETC, backed by Amundi, offers exposure linked to gold prices, presenting a notable investment opportunity in precious metals.