PGIM S&P 500 Max Buffer ETF - February

PGIM S&P 500 Max Buffer ETF - February is an actively managed exchange-traded fund designed to deliver a defined outcome linked to the price return of the SPDR S&P 500 ETF Trust. The fund seeks to match S&P 500 exposure up to a predetermined upside cap while aiming to maximize downside protection over a one-year target outcome period that resets each February. It uses FLEX options to build this outcome-oriented structure and is focused on U.S. large-cap equities across diversified sectors. The ETF is part of PGIM’s buffer ETF lineup, which is built for investors seeking a rules-based approach to equity-market participation with embedded downside protection features. PGIM S&P 500 Max Buffer ETF - February is used in portfolio construction where outcome ranges, risk management, and broad U.S. equity exposure are central objectives.