PGIM S&P 500 Buffer 12 ETF - February

PGIM S&P 500 Buffer 12 ETF - February is an actively managed exchange-traded fund designed to track the price return of the SPDR S&P 500 ETF Trust with a defined outcome structure. The fund seeks to deliver participation in upside movements up to a preset cap while providing a buffer against the first 12% of losses over a one-year target outcome period that begins each February. It uses FLEX options linked to the S&P 500 to build this risk-managed exposure, making it part of PGIM’s buffer ETF lineup focused on defined outcomes. PGIM S&P 500 Buffer 12 ETF - February is used by investors looking for U.S. large-cap equity exposure with built-in downside protection features and capped upside participation within a structured options-based strategy.