Amundi issues new tranche of gold notes exchange-traded by Investing.com

LONDON – Amundi Physical Metals plc announced the issuance of a new tranche of its exchange-traded commodity (ETC) securities, Amundi Physical Gold ETC, on Monday. The new tranche, Tranche 640, consists of 40,000 exchange-traded securities, plus the total number of exchange-traded securities of the series, which now totals 52,834,759.00 following this issuance.

Securities, linked to the price of physical gold, provide investors with exposure to the precious metal. The initial entitlement of the metal as of the issue date of the series was 0.04 troy ounces per minute, which as of the IPO trading date of the relevant tranche is 0.03969048 troy ounces per minute. The new tranche’s issuance date is set for January 6, 2025, with a maturity date scheduled for May 23, 2118.

The issuer, Amundi Physical Metals plc, set the ETC’s total securities management expense ratio at 0.12% per annum. These fees are intended to cover all operational costs associated with the securities.

Amundi has submitted applications to allow trading of ETC securities on several regulated markets, including… Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Stock Exchange Italiana, and London Stock Exchange (line:). In addition, the securities are to be admitted to trading on the international pricing system of the Mexican Stock Exchange, subject to private placement exemptions.

The securities issued by the ETC are collateralized, and the recourse obligations are limited to the issuer, meaning that investors have recourse only to the collateralized properties, particularly gold, and not to any other assets of the issuer. In the event of insolvency, the ETC securities will be classified equally among themselves.

This release follows the regulatory framework established by the United States Kingdom (Tadawul:) Financial Conduct Authority, with approval of the basic prospectus on 3 May 2024. The final terms for exchange-traded securities are designed to provide investors with the basic information necessary to understand the nature and risks of the issuer and the securities.

Investors interested in Amundi Physical Gold ETC can learn about the price movement of gold through the stock market, without having to take physical delivery of the gold. The information provided is based on a press release issued by Amundi Physical Metals plc.

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