Multipartite entanglement is a key resource for various quantum information tasks. Here, we present a scheme for generating genuine tripartite entanglement via nonlinear optical processes. We derive, in the Fock basis, the corresponding output state which we termed the coupled three-mode squeezed vacuum. We find unintuitive behaviors arise in intensity squeezing between two of the three output modes due to the coupling present. We also show that this state can be genuinely tripartite entangled.