PGIM S&P 500 Max Buffer ETF - October

PGIM S&P 500 Max Buffer ETF - October is an active exchange-traded fund designed to provide exposure to U.S. large-cap equities while using a defined-outcome structure tied to the S&P 500 price return. The fund seeks to match the upside of the SPDR S&P 500 ETF Trust up to a predetermined cap while aiming to maximize downside protection over a one-year target outcome period that resets each October. It uses derivatives, including FLEX options, as part of its portfolio construction. The ETF is part of PGIM’s buffer ETF lineup and is intended for investors looking for a rule-based way to participate in broad U.S. equity market movements with a built-in buffer framework. PGIM S&P 500 Max Buffer ETF - October focuses on current market exposure, risk-managed design, and index-linked outcome objectives within the U.S. equity market.