PGIM S&P 500 Buffer 12 ETF - April

PGIM S&P 500 Buffer 12 ETF - April is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through the S&P 500 while using options-based strategies to shape its outcome profile. The fund seeks to track the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap and to buffer the first 12% of losses over a one-year target outcome period, before fees and expenses. It holds customized equity or index option contracts, commonly referred to as FLEX Options, along with collateral to support its defined outcome structure. PGIM S&P 500 Buffer 12 ETF - April is used by investors seeking a packaged equity market exposure with explicit downside buffer and capped upside characteristics, and it is part of PGIM’s broader buffer ETF lineup focused on outcome-oriented equity solutions.