PGIM S&P 500 Max Buffer ETF - November (PMNV)

The PGIM S&P 500 Max Buffer ETF - November (PMNV) is a defined outcome fund from PGIM, part of Prudential Financial. It seeks returns tied to the S&P 500, limited by a cap, while aiming to protect against the full extent of index losses over a one-year outcome period beginning each November.

FLEX options are used to create the buffer and cap. The cap is reset at the start of each outcome period, and investors who purchase shares mid-period will face different outcomes.

PMNV trades on Cboe BZX.