PGIM S&P 500 Max Buffer ETF - January

PGIM S&P 500 Max Buffer ETF - January is an exchange-traded fund that seeks to provide exposure to the price return of the SPDR S&P 500 ETF Trust while targeting a predetermined upside cap and aiming to maximize downside protection over a one-year outcome period. The fund uses options-based strategies, including FLEX options, to shape its payoff profile and reset the target outcome each January. It is designed for investors looking for a defined outcome approach to U.S. large-cap equities, with the portfolio centered on S&P 500 market exposure rather than individual stock selection. Managed by PGIM Quantitative Solutions, the ETF is part of PGIM Investments’ buffer ETF lineup and serves as a risk-managed equity solution within the broader alternatives category.