PGIM S&P 500 Quarterly Buffer 15 ETF

PGIM S&P 500 Quarterly Buffer 15 ETF is an actively managed buffer exchange-traded fund designed to track the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while aiming to cushion the first 15% of losses during an approximate three-month outcome period. The fund uses a derivatives-based approach and generally invests at least 80% of its assets in exposure tied to S&P 500 companies, making it a defined-outcome strategy focused on broad U.S. large-cap equities. PGIM S&P 500 Quarterly Buffer 15 ETF is intended for investors seeking a structured equity exposure with built-in downside protection features and a capped return profile over each quarterly cycle. As part of PGIM’s buffer ETF lineup, it serves the broader market segment that combines equity participation with risk-managed characteristics.