Amundi Physical Metals Plc Issues New ETC Securities

Amundi Physical Metals Plc has released the final terms of its latest tranche of ETC Securities under its Secured Precious Metal Linked ETC Securities Programme. The issue comprises 1,070,000 ETC Securities, marking Tranche 870 of the Amundi Physical Gold ETC series. These securities are admitted for trading on major exchanges including the London Stock Exchange and others across Europe and Mexico.

The initial metal entitlement stands at 0.04 fine troy ounces, with the current tranche at 0.03962121. The scheduled maturity date is set for May 23, 2118. The total expense ratio is 0.12% per annum, with a nominal amount of USD 5.085 per security.

Authorized offerors include HSBC Bank Plc, Jane Street Financial Limited, and others across Europe. The initiative aims to provide investors exposure to gold prices. The estimated total net proceeds from this issue are USD 184,071,458.