PGIM S&P 500 Quarterly Buffer 10 ETF

PGIM S&P 500 Quarterly Buffer 10 ETF is an actively managed exchange-traded fund designed to provide defined-outcome exposure to U.S. large-cap equities. The fund seeks to track the price return of the SPDR S&P 500 ETF Trust with a built-in buffer against the first 10% of losses over an approximate three-month outcome period, while capping upside participation at a predetermined level. It uses FLEX options and collateral to construct its exposure and resets its outcome profile at the start of each new quarterly period. The ETF is aimed at investors looking for structured equity market participation with a focus on downside mitigation. PGIM S&P 500 Quarterly Buffer 10 ETF is part of PGIM’s buffer ETF lineup and plays a role in the defined-outcome ETF segment, where products are designed to offer a more predictable return profile tied to broad U.S. equity markets.