PGIM S&P 500 Max Buffer ETF - April (PMAP)

The PGIM S&P 500 Max Buffer ETF - April (PMAP) is a defined outcome ETF from PGIM, the investment management business of Prudential Financial. It seeks to provide returns linked to the S&P 500 while protecting against the full extent of index losses over an annual outcome period that begins each April.

The fund uses FLEX options on the S&P 500 or an ETF that tracks it. In exchange for the downside protection, gains over the outcome period are limited by a cap that is reset at the start of each new period. Investors who buy in mid-period may experience different results.

PMAP trades on Cboe BZX.