GENERAL TERMS

Issuer:

Amundi Physical Metals plc

1. Series:

Amundi Physical Gold ETC

2. Tranche Number(s):

863

Aggregate Number of ETC Securities of the Series:

1. Immediately following the issue of the relevant Tranche of ETC Securities:

68,594,237.00

2. Comprising the relevant Tranche of ETC Securities:

50,000.00

Metal Entitlement:

1. Initial Metal Entitlement as at the Series Issue Date:

0.04 fine troy ounces

2. Metal Entitlement as at the Subscription Trade Date of the relevant Tranche of ETC Securities (if not the first Tranche of ETC Securities of the Series):

0.03962499

Issue Date:

1. Series Issue Date:

24 May 2019

2. Issue Date of the relevant Tranche of ETC Securities (if not the first Tranche of ETC Securities of the Series):

21 May 2026

Scheduled Maturity Date:

23 May 2118

Relevant Regulatory Law Reference Date:

21 May 2019

Date on which Board approval for issuance of ETC Securities obtained:

25 April 2019

TRANSACTION PARTIES

Additional Paying Agent(s):

Not Applicable

Authorised Offeror(s):

As at the date of these Final Terms:

HSBC Bank plc, with registered office at:

8 Canada Square,

Canary Wharf,

London, E14 5HQ

Jane Street Financial Limited, with registered office at:

Floor 30, 20 Fenchurch Street,

London EC3M 3BUY

Flow Traders B.V., with registered office at:

Jacob Bontiusplaats 9

1018 LL Amsterdam

Optiver VOF, with registered office at:

Strawinskylaan 3095

1077 ZX Amsterdam

BNP Paribas Arbitrage SNC, with registered office at:

1 Rue Laffitte

75009 Paris

Virtu Financial Ireland Limited, with registered office at

North Dock One

Fifth Floor

91/92 North Wall Quay

Dublin 1 D01 H7V7

PROVISIONS RELATING TO FEES

Total Expense Ratio (as at the date of these Final Terms):

0.12% per annum.

PROVISIONS RELATING TO REDEMPTION

Nominal Amount:

USD 5.085, being an amount equal to 10 per cent. of the Issue Price per ETC Security as at the Series Issue Date.

Specified Interest Amount:

USD 0.051, being an amount equal to 1 per cent. of the Nominal Amount.

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required to list and have admitted to trading the Tranche(s) of ETC Securities described herein pursuant to Amundi Physical Metal Plc’s Secured Precious Metal Linked ETC Securities Programme.

LISTING

1. Listing and admission to trading:

Application has been made for the ETC Securities to be admitted to trading on the main market of the London Stock Exchange.

Application may be made for the ETC Securities to be listed on additional Stock Exchanges and admitted to trading on additional markets from time to time.

As at the date of these Final Terms, ETC Securities of this Series have been admitted to trading on Euronext Paris, Euronext Amsterdam, the Deutsche Börse, the Borsa Italiana, the London Stock Exchange and the International Quotation System of the Mexican Stock Exchange.

2. Estimate of total net proceeds of the issue:
3. Estimate of total expenses related to admission to trading for the relevant Tranche:

USD 8,909,085.00

€3,000

REASONS FOR THE OFFER

Reasons for the offer:

See section headed “Investing in the ETC Securities to gain exposure to gold price” in the Current Base Prospectus.

OPERATIONAL INFORMATION

ISIN:

FR0013416716

Common Code:

199119532

CFI:

DTZXXB

FISN:

AMUNDI PHYSICAL/DBT

SEDOL:

Listing Euronext Paris: BJ027Y1 FR

Listing Euronext Amsterdam: BJYGLG9 NL

Listing Deutsche Börse Xetra: BKF9G58 DE

Listing Borsa Italiana: BQXJCQ5

Listing London Stock Exchange: BLKQKY8

Listing International Quotation System of the Mexican Stock Exchange: BPQGCM2

WKN (if applicable):

A2UJK0

Delivery:

Delivery free of payment.