Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Amundi Physical Metals plc : Final Terms -2-

08/26/2021 | 09:36am EDT

ANNEX - Issue Specific Summary 25 August 2021

SUMMARY 
A. INTRODUCTION AND WARNINGS 
A.1.1                           Name and international securities identifier number (ISIN) of the securities 
Series Amundi Physical Gold ETC due 2118 (the "Series") issued under the Secured Precious Metals Linked ETC Securities 
Programme. ISIN Code: FR0013416716. 
A.1.2                           Identity and contact details of the issuer, including its legal entity identifier (LEI) 
Amundi Physical Metals plc (the "Issuer") is a public company limited by shares incorporated in Ireland. Its registered 
address is at 2nd Floor, Palmerston House, Fenian Street, Dublin 2, Ireland. The Issuer's telephone number is +353 1 
905 8020 and its legal entity identifier is 635400OKXTE2YQC92T76. 
A.1.3                           Identity and contact details of the competent authority approving the Base Prospectus 
The Base Prospectus has been approved in accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation") by the 
Central Bank of Ireland as competent authority. Address: New Wapping Street, North Wall Quay, Dublin 1. Telephone 
number: +353 1 224 6000. 
A.1.4                           Date of approval of the Base Prospectus 
The Base Prospectus (the "Base Prospectus") was approved on 19 May 2021 and may be amended and/or supplemented from 
time to time, including by way of a supplement dated 16 July 2021. 
A.1.5                           Warning 
This summary has been prepared in accordance with Article 7 of the Prospectus Regulation and should be read as an 
introduction to the Base Prospectus. Any decision to invest in the exchange-traded, secured, limited recourse 
securities linked to the price of Gold of this Series (the "ETC Securities") should be based on consideration by the 
investor of the Base Prospectus as a whole, including the related final terms for this Tranche (the "Final Terms"). Any 
investor could lose all or part of their invested capital. Where a claim relating to the information contained in the 
Base Prospectus is brought before a court, the plaintiff investor might, under the national legislation of the Member 
States of the European Union, be required to bear the costs of translating the Base Prospectus before the legal 
proceedings are initiated. Civil liability attaches only to those persons who have tabled this summary, including any 
translation thereof, but only if this summary is misleading, inaccurate or inconsistent when read together with the 
other parts of the Base Prospectus or it does not provide, when read together with the other parts of the Base 
Prospectus, key information in order to aid investors when considering whether to invest in the ETC Securities. This 
document does not constitute an offer or invitation to any person to subscribe for or purchase any ETC Securities. It 
has been prepared in connection with the Final Terms. 
B. KEY INFORMATION ON THE ISSUER 
B.1                             Who is the issuer of the securities? 
B.1.1                           Domicile, legal form, LEI, jurisdiction of incorporation and country of operation 
The Issuer was incorporated on 4 December 2018 as a public limited company in Ireland under the Companies Act of 
Ireland 2014, as amended, with registration number 638962. Its legal entity identifier is 635400OKXTE2YQC92T76. 
B.1.2                           Principal activities 
The Issuer has been established as a special purpose vehicle and has established a programme (the "Programme") under 
which ETC Securities linked to gold ("Gold" or "Metal") may be issued from time to time. Each Series of ETC Securities 
issued under the Programme will be linked to, and provide exposure to, the price of Gold. 
B.1.3                           Major Shareholders 
The authorised share capital of the Issuer is EUR25,000, divided into 25,000 ordinary shares of EUR1 each, all of which 
have been issued and fully paid up. Such shares are held by Cafico Trust Company Limited on trust for charitable 
purposes. 
B.1.4                           Key managing directors 
The directors of the Issuer are Rolando Ebuna, Máiréad Lyons and Matthieu André Michel Guignard. 
B.1.5                           Identity of the statutory auditors 
 The statutory auditors of the Issuer are KPMG Ireland. 
B.2                             What is the key financial information regarding the Issuer? 
The Issuer has published its audited financial statements for the period from 1 April 2020 to the period ending on 31 
March 2021. The summary information below is extracted from the Issuer's statement of financial position as 31 March 
2021: 
Total current assets (in USD)           2,961,347,863 
Total equity (in USD)                   33,899 
Total current liabilities (in USD)      2,961,313,964 
Total equity and liabilities (in USD)   2,961,347,863 

B.3 What are the key risks that are specific to the Issuer?

-- The Issuer is a special purpose vehicle with no material assets other than its paid-up share capital andthe assets on which each Series of ETC Securities are secured (principally the Gold). In respect of each Series,the holders of such ETC Securities (the "Securityholders") will have recourse only to the Secured Property (asdefined below) and not to any other assets of the Issuer. If, following realisation in full of the Secured Propertyrelating to such Series, any outstanding claim remains unpaid, then such claim will be extinguished and no debtwill be owed by the Issuer in respect thereof.

C. KEY INFORMATION ON THE SECURITIES

C.1 What are the main features of the ETC Securities?

C.1.1 Type, class and ISIN

Commodity-linked securities. ISIN Code: FR0013416716 Common Code: 199119532

C.1.2 Currency, denomination, par value, number of securities issued and duration

The ETC Securities are denominated in USD. The ETC Securities are in bearer global form. For the purposes of the Prospectus Regulation, the Nominal Amount of each ETC Security (USD 5.085) shall be regarded as the denomination of such ETC Security. The ETC Securities are being treated by the Issuer as having a minimum denomination of less than EUR100,000. As at the issue date of the above tranche of ETC Securities, there will be 53,257,864.00 ETC Securities of this Series in issue. The scheduled maturity date (the "Scheduled Maturity Date") of the ETC Securities is 23 May 2118.

C.1.3 Rights attached to the ETC Securities

Overview

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold. The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an "Authorised Participant"). Authorised Participants may, thereafter, offer such ETC Securities to retail clients, professional clients or other eligible counterparties (subject to certain selling restrictions contained in the Base Prospectus). The first tranche of the Series was issued on 23 May 2019 (the "Series Issue Date ") to one or more Authorised Participants.

Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the "Metal Entitlement". In order to back its obligations under the ETC Securities, the Issuer will seek to hold enough Gold to meet its obligations under the ETC Securities. On the Series Issue Date, each ETC Security was ascribed with a Metal Entitlement (the "Initial Metal Entitlement") and on each subsequent day, the Metal Entitlement of each ETC Security shall be reduced by a percentage (the "Total Expense Ratio") determined as sufficient to fund the Issuer's "all in one" operational fee to Amundi Asset Management S.A.S (the "Advisor"). In order to fund such "all in one" operational fee, HSBC Bank plc (the "Metal Counterparty") shall periodically liquidate an amount of Gold (the "TER Metal") equal to the accrued reductions (pursuant to the Total Expense Ratio) to the Metal Entitlement of all ETC Securities of the Series. The Total Expense Ratio shall cease to apply to an ETC Security for a Series on the earliest to occur of (i) a Buy-Back Trade Date relating to such ETC Security, (ii) an Early Redemption Trade Date relating to such Series and (iii) the Final Redemption Valuation Date for such Series. The Gold will be held for the Issuer by HSBC Bank plc (the "Custodian ") and will generally be held on an "allocated" basis on the terms of the Custody Agreement in the relevant allocated account of the Issuer with the Custodian marked for the relevant series (the "Allocated Account"). This means that the Gold is held in a segregated account held at the London vault of the Custodian in the name of the Issuer for the account of the relevant Series and all Gold in allocated form that is deposited with or received by the Custodian from time to time is held by the Custodian as bailee for the Issuer for that Series. There are times when amounts of the Gold may be held on an "unallocated" basis, for example to facilitate subscriptions.

Subscription

(MORE TO FOLLOW) Dow Jones Newswires

August 26, 2021 09:35 ET (13:35 GMT)

Latest news "Companies"
05:59pValneva Announces Launch of Proposed Global Offering of American Depository Shares and Ordinary Shares
GL
05:59pValneva Announces Launch of Proposed Global Offering of American Depository Shares and Ordinary Shares
GL
05:59pBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution
BU
05:58pOMA Announces Third Quarter 2021 Operating and Financial Results
PU
05:58pNotice to the Market - Athena Foods Plant Fire
PU
05:58pSmartSpace announces its Interim Results for the Six Months Ended 31 July 2021
PU
05:58pEarning Release Q3 2021
PU
05:58pECLAC Calls for Articulating Social Protection Systems with Disaster Risk Management Policies in Pursuit of a Transformative Recovery with Equality and Sustainability in the Region
PU
05:58pSigninig CertEurope
PU
05:58pNotice to Market - Clarifications on CVMB3 questions
PU
Latest news "Companies"