Amundi expands exposure to gold with new ETC issuance by Investing.com

LONDON – Amundi Physical Metals plc has announced the issuance of a new tranche of exchange-traded commodities (ETCs) under the Amundi Physical Gold ETC, which provides investors with exposure to gold price movements. The new tranche, No. 639, consists of 28,000 publicly traded securities and follows an issuance pattern under the Company’s Safe Precious Metals Linked Securities Program.

ETC Securities is designed to provide investors with direct exposure to gold prices without the need to take physical delivery of the metal. Each ETC security issued by Amundi is backed by a specific amount of gold, with the initial metal maturity set at 0.04 troy ounce per minute. After the issuance, the total number of ETC securities of the series will reach 52,803,759.

ETC Securities is expected to be listed and accepted for trading on several European stock exchanges, including… Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, as well as on the main market of the stock exchange. London Stock Exchange (LON:) and the international quotation system of the Mexican Stock Exchange.

Investors should note that the total (EPA:) The expense ratio for these exchange-traded securities is 0.12% per annum, which will be used to fund the issuer’s operating fees. The face amount of each ETC security is set at $5.085, with a stated interest amount of $0.051.

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

This issue comes with a scheduled maturity date of May 23, 2118, and the ETC securities are secured by gold held by the issuer. However, in the event of early redemption or final redemption, payments are subject to limited recourse provisions, meaning that investors may not receive full payment if the proceeds from liquidating the metal are insufficient.

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

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