PGIM Rock ETF Trust

04/29/2024 | Press release | Distributed by Public on 04/29/2024 10:58

Prospectus by Investment Company - Form 497

497
PGIM Rock ETF Trust
PGIM US Large-Cap Buffer 12 ETF - July
PGIM US Large-Cap Buffer 20 ETF - July
PGIM US Large-Cap Buffer 12 ETF - August
PGIM US Large-Cap Buffer 20 ETF - August
PGIM US Large-Cap Buffer 12 ETF - September
PGIM US Large-Cap Buffer 20 ETF - September
PGIM US Large-Cap Buffer 12 ETF - October
PGIM US Large-Cap Buffer 20 ETF - October
PGIM US Large-Cap Buffer 12 ETF - November
PGIM US Large-Cap Buffer 20 ETF - November
PGIM US Large-Cap Buffer 12 ETF - December
PGIM US Large-Cap Buffer 20 ETF - December
(each a "Fund" and collectively the "Funds")
Supplement dated April 29, 2024
to the Funds' Currently Effective Prospectus
As described in detail in the Funds' prospectus, an investment in shares of a Fund is subject to a pre-determined upside return cap (the "Cap") that represents the maximum percentage return an investor can achieve from an investment in the Fund for the entire Target Outcome Period (assuming an investment at the beginning of the Target Outcome Period). The Target Outcome Period for each Fund will commence and end on the dates indicated below. Each Fund's Cap will not be determined until the start of the Target Outcome Period. As of April 29, 2024, the expected range of each Fund's Cap (before fees and expenses) is set forth below.
Fund Name
Ticker
Target Outcome Period
Estimated Cap Range
PGIM US Large-Cap
Buffer 12 ETF - July
JULP
May 8, 2024 through
June 30, 2024
0.30% - 2.30% before fees and expenses
(0.23% - 2.23% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 20 ETF - July
PBJL
May 8, 2024 through
June 30, 2024
0.10% - 2.10% before fees and expenses
(0.03% - 2.03% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 12 ETF - August
AUGP
May 10, 2024 through
July 31, 2024
1.60% - 3.60% before fees and expenses
(1.48% - 3.48% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 20 ETF - August
PBAU
May 10, 2024 through
July 31, 2024
0.80% - 2.80% before fees and expenses
(0.68% - 2.68% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 12 ETF -
September
SEPP
May 15, 2024 through
August 31, 2024
2.90% - 4.90% before fees and expenses
(2.75% - 4.75% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 20 ETF -
September
PBSE
May 15, 2024 through
August 31, 2024
1.70% - 3.70% before fees and expenses
(1.55% - 3.55% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 12 ETF - October
OCTP
May 17, 2024 through
September 30, 2024
3.90% - 5.90% before fees and expenses
(3.71% - 5.71% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 20 ETF - October
PBOC
May 17, 2024 through
September 30, 2024
2.40% - 4.40% before fees and expenses
(2.21% - 4.21% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 12 ETF -
November
NOVP
May 22, 2024 through
October 31, 2024
5.30% - 7.30% before fees and expenses
(5.07% - 7.07% after taking into account the
Fund's unitary management fee)
Fund Name
Ticker
Target Outcome Period
Estimated Cap Range
PGIM US Large-Cap
Buffer 20 ETF -
November
PBNV
May 22, 2024 through
October 31, 2024
3.50% - 5.50% before fees and expenses
(3.27% - 5.27% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 12 ETF -
December
DECP
May 24, 2024 through
November 30, 2024
6.70% - 8.70% before fees and expenses
(6.43% - 8.43% after taking into account the
Fund's unitary management fee)
PGIM US Large-Cap
Buffer 20 ETF -
December
PBDE
May 24, 2024 through
November 30, 2024
4.60% - 6.60% before fees and expenses
(4.33% - 6.33% after taking into account the
Fund's unitary management fee)
LR1470