Amundi expands gold exposure with new ETC issuance By Investing.com

LONDON – Amundi Physical Metals plc has announced the launch of a new tranche of exchange traded commodities (ETC) under its Amundi Physical Gold ETC offering investors exposure to gold price movements. The new tranche, number 639, consists of 28,000 ETC securities and follows an issuance pattern under the company’s Secured Precious Metal Linked ETC Securities program.

ETC Securities are designed to provide investors with immediate exposure to gold prices without the need for physical delivery of the metal.Each ETC Security issued by Amundi is backed by a specified amount of gold with an initial metal entitlement of 0.04 troy ounces upon issuance The total number of ETC securities will reach 52,803,759.

ETC securities are expected to be listed and admitted to trading on several European exchanges, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse and Borsa Italiana as well as on the main market London Stock Exchange (LON:) and the International Quotation System of the Mexican Stock Exchange.

Investors should note that That’s all (EPA.) The expense ratio for these ETC Notes is 0.12% per annum, which will be used to fund the Issuer’s operating fees.The nominal amount of each ETC Note is set at $5.085, with an interest rate of $0.051.

The issuer, Amundi Physical Metals plc, is a public company based in Ireland and established as a special purpose vehicle for the issuance of ETC securities linked to the price of gold.The company’s LEI is 635400OKXTE2YQC92T76.

This issue has a scheduled maturity date of May 23, 2118, and the ETC Securities are backed by gold held by the issuer.However, in the event of early redemption or final redemption, payments are subject to restricted resource provisions, which means investors may not receive full redemption. , if the funds obtained from the dissolution of the metal are insufficient.

The information provided is based on a press release from Amundi Physical Metals plc.

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