PGIM S&P 500 Max Buffer ETF - January (PMJA)

The PGIM S&P 500 Max Buffer ETF - January (PMJA) is a defined outcome ETF from PGIM. It seeks returns linked to the S&P 500, subject to an upside cap, while aiming to protect against the full extent of index losses over a one-year outcome period starting each January.

The payoff is created with FLEX options on the S&P 500 or a fund that tracks it. A new cap is set at the start of every outcome period, and investors entering after the period begins face a different risk and return profile.

PMJA is listed on Cboe BZX.