NEW YORK–(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 $0.3156 per note on October 13, 2020 to holders of record as of the close of business on October 9, 2020. 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 October 5, 2020 and the declared quarterly coupon, the annualized indicated yield of the ETN is 12.30%. The annualized indicated yield is equal to the declared quarterly coupon multiplied by four, divided by the closing price of the ETN on October 5, 20201.
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.
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1 If there is no closing price for the ETN on October 5, 2020, 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 October 5, 2020.
Scott Helfman +1 212-816-9241