Amundi Physical Metals plc Issues Final Terms for Gold ETC Securities

Amundi Physical Metals plc has released the final terms for its latest issuance of 24,000 ETC Securities, under its Secured Precious Metal Linked ETC Securities Programme. This issuance, marked as Tranche 630, expands the total number of series securities to 49,922,155. The securities are linked to the performance of gold, offering an initial metal entitlement of 0.04 fine troy ounces per security at the series issue date.

The formal issue date is set for December 12, 2024, with the series originally commencing on May 23, 2019. Notably, these securities are expected to mature on May 23, 2118. They will be listed on several major exchanges, including Euronext Paris and the London Stock Exchange, with an estimated total net proceeds of USD 2,562,230.40.

The Total Expense Ratio for these securities is 0.12% annually, indicating relatively low overhead costs for investors seeking exposure to the gold market.