PGIM S&P 500 Buffer 12 ETF - September

PGIM S&P 500 Buffer 12 ETF - September is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined-outcome strategy. The fund seeks to match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while offering a downside buffer against the first 12% of losses, before fees and expenses, during its one-year target outcome period. It uses options-based and collateral-backed positioning to shape returns around the S&P 500 Price Return Index reference framework. PGIM S&P 500 Buffer 12 ETF - September is used by investors looking for a structured equity allocation with built-in risk buffering characteristics and capped participation in market gains. The fund is part of PGIM’s buffer ETF lineup and focuses on delivering a systematic approach to managing equity market exposure.