PGIM S&P 500 Buffer 12 ETF - October

PGIM S&P 500 Buffer 12 ETF - October is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined-outcome options strategy. The fund seeks to track the price return of the SPDR S&P 500 ETF Trust, offering participation in gains up to a predetermined cap while cushioning the first 12% of losses over a one-year target outcome period. It primarily uses FLEX options and related instruments to build its buffer and cap profile, making it part of PGIM’s buffer ETF lineup. The fund is intended for investors looking for S&P 500-linked market exposure with a structured risk-management framework rather than direct index replication. PGIM S&P 500 Buffer 12 ETF - October is managed by PGIM Investments and focuses on delivering its outcome profile within the U.S. equity large-cap segment.