C-Tracks ETNs Linked to the Miller/Howard MLP Fundamental Index (MLPC) to Pay Quarterly Coupon
September 26 2017 - 8:59AM
Business Wire
The C-Tracks Exchange-Traded Notes Based on the Performance of
the Miller/Howard MLP Fundamental IndexTM (NYSE Arca: MLPC) will
pay a quarterly coupon of $0.2301 per note on October 2, 2017 to
holders of record as of the close of business on September 29,
2017. This coupon reflects the ordinary cash distributions of the
MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of
fees over this past quarter.
Based on their closing price on September 25, 2017 and the
declared quarterly coupon, the annualized indicated yield of the
ETN is 5.66%. The annualized indicated yield is equal to the
declared quarterly coupon multiplied by four, divided by the
closing price of the ETN on September 25, 20171.
The annualized indicated yield is not indicative of future
coupon payments, if any, on the ETN. Holders of the ETN are not
guaranteed a coupon. Moreover, the annualized indicated yield does
not take into account the effect of changes in the closing price of
the ETN on the total return realized by an investor in the ETN. The
total return realized by an investor in the ETN will depend on the
coupons paid, if any, as well as on fluctuations in the price of
the ETN. The price of the ETN may decline, resulting in a negative
total return to an investor even if the ETN continues to pay a
quarterly coupon. For more information, you should review the
pricing supplement for the ETN, which is available at the following
hyperlink:
http://www.c-tracksetns.com/MediaLibrary/6d0ba0b0-dc1b-4ba4-b05d-35907fb24992/MH.MLP.C.Tracks.Pricing.Supplement%20No.%206%20-%20Final.pdf.
Investing in the ETN involves significant risks. You should read
the section entitled “Risk Factors Relating to the C-Tracks” in the
pricing supplement for a detailed list of risk factors associated
with investing in the C-Tracks.
To learn more about MLPC, visit
http://www.c-tracksetns.com/ETN-Miller-Howard-MLP today or call us
at 212-723-7349.
Citigroup Inc., the issuer, has filed a registration statement
(including a pricing supplement, a prospectus supplement and a
prospectus) with the Securities and Exchange Commission (“SEC”) for
the offering to which this communication relates. Before you
invest, you should read the pricing supplement, the prospectus
supplement and the prospectus in that registration statement (File
No. 333-192302) and the other documents Citigroup Inc. has filed
with the SEC for more complete information about Citigroup Inc. and
this offering. You may get these documents for free by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, you can
request the pricing supplement, prospectus supplement and
prospectus by calling toll-free 1-877-858-5407.
MILLER/HOWARD is a trademark and service mark of Miller Howard
Investments Inc. or its affiliates (collectively, “Licensor”), is
used throughout the world, and is used under license for certain
purposes by Citigroup Global Markets Inc. Reproduction of the
Licensor data and information in any form is prohibited except with
the prior written permission of Licensor. The investment product
referred to herein is not sponsored, endorsed, or distributed by
Licensor and Licensor makes no representation regarding the
advisability of investing in the product. Because of the
possibility of human or mechanical error, Licensor does not
guarantee the accuracy, adequacy, completeness or availability of
any data and information and is not responsible for any errors or
omissions or for the results obtained from the use of such data and
information.
© 2017 Citigroup Inc. Member SIPC. All rights reserved. Citi and
Citi and Arc Design are trademarks and service mark of Citigroup
Inc. or its affiliates and are used and registered throughout the
world.
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at http://www.citigroup.com
| Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog:
http://blog.citigroup.com/| Facebook: http://www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi.
1 If there is no closing price for the ETN on September 25,
2017, the annualized indicated yield is equal to the declared
quarterly coupon multiplied by four, divided by the closing price
of the ETN Indicative Value (MLPCN <Index>) on September 25,
2017.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170926005383/en/
Media:For Citigroup Inc.Scott Helfman, +1 212-816-9241
Citigroup (NYSE:C)
Historical Stock Chart
From Aug 2024 to Sep 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Sep 2023 to Sep 2024