Amundi Physical Metals plc Announces the Issue of New ETC Securities

Amundi Physical Metals plc (GLDA) has revealed its final terms for the issue of 960,000 ETC Securities, marking Tranche 537 of its Amundi Physical Gold ETC. This move, dated 15 March 2024, capitalizes on the framework outlined in their Secured Precious Metal Linked ETC Securities Programme, indicating a focused expansion into physical gold exposure for investors.

The announcement detailed that post-issue, the total number of ETC Securities for this series would reach 52,129,655. Each ETC Security from this tranche initiates a metal entitlement of 0.03972875 fine troy ounces as of the subscription trade date, aligning with the series' ongoing strategy to offer investors a direct link to the gold market.

Amundi Physical Metals plc confirmed the issue date for this tranche as 19 March 2024, with the series originally inaugurated on 23 May 2019. A substantial scheduled maturity date is also outlined, set for 23 May 2118, underscoring the long-term investment horizon for these securities.

Furthermore, the terms revealed a total expense ratio of 0.12% per annum for this tranche, with designated Authorised Participants including notable financial institutions such as HSBC Bank plc, Jane Street Financial Limited, and Merrill Lynch International, among others.

The final terms conclude with the anticipation of listing and admission to trading for these securities across major exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, and the London Stock Exchange, in addition to the International Quotation System of the Mexican Stock Exchange, highlighting the broad market accessibility for this ETC issuance.