PGIM S&P 500 Buffer 12 ETF - March

PGIM S&P 500 Buffer 12 ETF - March is an actively managed exchange-traded fund designed to track the price return of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap, while seeking to buffer the first 12% of losses over a one-year target outcome period. It uses a structured options-based approach alongside collateral to deliver a defined-outcome strategy tied to U.S. large-cap equities. The fund is built for investors looking for exposure to the broad U.S. stock market with explicit upside and downside parameters rather than a traditional benchmark-tracking profile. PGIM S&P 500 Buffer 12 ETF - March focuses on current market participation through a rules-based portfolio construction process centered on the S&P 500, making it a distinctive product within PGIM’s buffer ETF lineup.