Amundi Physical Metals plc Issues Final Terms for UK Tranche

Amundi Physical Metals plc has announced the final terms for its UK issuance of ETC securities. The company plans to issue 80,000 ETC securities under its secured precious metal-linked programme. This tranche, numbered 593, will bring the aggregate number of ETC securities in this series to 49,720,555.

The ETC securities are tied to physical gold, offering an initial metal entitlement of 0.04 fine troy ounces, decreasing slightly to 0.0397068 troy ounces during the subscription trade date. The issue date for this tranche is 3 September 2024, following the series issue date of 23 May 2019. The scheduled maturity date is set for 23 May 2118.

Applications for listing these ETC securities have been made to various stock exchanges, including Euronext Paris, Deutsche Börse, and Borsa Italiana, with estimated net proceeds amounting to $7.98 million. The total expense ratio stands at 0.12% per annum.