C-Tracks ETNs Linked to the Miller/Howard MLP Fundamental Index, Series B (MLPE) to Pay Quarterly Coupon
July 08 2019 - 8:29AM
Business Wire
The C-Tracks Exchange-Traded Notes Based on the Performance of
the Miller/Howard MLP Fundamental IndexTM, Series B (NYSE Arca:
MLPE) will pay a quarterly coupon of $0.4093 per note on July 12,
2019 to holders of record as of the close of business on July 11,
2019. 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 July 5, 2019 and the declared
quarterly coupon, the annualized indicated yield of the ETN is
7.66%. The annualized indicated yield is equal to the declared
quarterly coupon multiplied by four, divided by the closing price
of the ETN on July 5, 20191.
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/8a457afe-2f60-4b77-b813-bd1b66e1ef22/CGMHI%20MH%20MLP%20Pricing%20Supplement%20(MLPE)%20No.%204%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 MLPE, visit
http://www.c-tracksetns.com/ETN-Miller-Howard-MLP-Series-B today or
call us at 212-723-7349.
Citigroup Global Markets Holdings 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 (Registration Nos. 333-216372 and
333-216372-01) and the other documents Citigroup Global Markets
Holdings Inc. has filed with the SEC for more complete information
about Citigroup Global Markets Holdings 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.
© 2019 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 July 5, 2019, the
annualized indicated yield is equal to the declared quarterly
coupon multiplied by four, divided by the closing price of the ETN
Indicative Value (MLPEN <Index>) on July 5, 2019.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190708005128/en/
Media Contact: Scott Helfman +1 212-816-9241
Citigroup (NYSE:C)
Historical Stock Chart
From Mar 2024 to Apr 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Apr 2023 to Apr 2024