Amundi Physical Metals Plc Issues New Tranche of Gold-Linked Securities

Amundi Physical Metals Plc announced the issuance of 417,000 ETC Securities as part of its Amundi Physical Gold ETC Program. This issuance represents tranche number 878, expanding the total series to 66,814,037 ETC Securities. Issued under a secured precious metal linked securities framework, these securities offer investors exposure to gold prices. The initial metal entitlement per security is set at 0.04 fine troy ounces, with a current entitlement of 0.0396186 per security.

The ETC Securities will be listed and traded on major exchanges including Euronext Paris, Euronext Amsterdam, the London Stock Exchange, and the Deutsche Börse. The program allows for an annual total expense ratio of 0.12%, while the nominal amount per security is USD 5.085. The securities, with a scheduled maturity extending to May 2118, were approved by the board in April 2019.