• iShares Physical Metals issues USD 22.78 million of secured, limited-recourse debt securities linked to silver.
• Tranche 1174 comprises 422,293 iShares Physical Silver ETC securities priced at USD 53.940477 each, with an issue date of October 19, 2026.
• The securities are non-interest-bearing and have no final maturity date; the total expense ratio is 0.2% annually.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iShares Physical Metals plc published the original content used to generate this news brief on October 16, 2026, and is solely responsible for the information contained therein.