PGIM S&P 500 Max Buffer ETF - March (PMMR)

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

The fund uses FLEX options to deliver this payoff, trading upside potential beyond the cap for downside protection. The cap is reset at the start of every outcome period, and investors entering mid-period may not realize the intended outcomes.

PMMR trades on Cboe BZX.