PGIM Rock ETF Trust 更新两只 S&P 500 Buffer ETF 的目标区间与收益上限

PGIM Rock ETF Trust

PGIM S&P 500 Buffer 12 ETF – November
PGIM S&P 500 Buffer 20 ETF – November
(each a “Fund” and collectively the “Funds”)

Supplement dated October 30, 2026
to the Funds’ Currently Effective Summary Prospectus and 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 such Fund for the entire Target Outcome Period (generally, an approximate one-year period over which each Fund seeks to produce the target outcome). The Target Outcome Period for each Fund will commence on November 1, 2026 and end on October 31, 2027.

An investment in a Fund over the course of the Target Outcome Period will be subject to such Fund’s cap as set forth in the table below.

Fund Name

Ticker

Cap

Investment Objective

PGIM S&P 500 Buffer

12 ETF – November

NOVP

Gross: 16.40%

Net: 15.90%*

The Fund’s investment objective is to provide

investors with returns that match the price return

of the SPDR® S&P 500® ETF Trust up to a

predetermined upside cap while providing a

downside buffer against the first 12% (before fees

and expenses) of the SPDR® S&P 500® ETF

Trust’s losses over the one-year Target Outcome

Period. In seeking to achieve this investment

objective, the Fund’s upside cap over the period

November 1, 2026 through October 31, 2027 is

16.40% (before fees and expenses).

PGIM S&P 500 Buffer

20 ETF – November

PBNV

Gross: 12.74%

Net: 12.24%*

The Fund’s investment objective is to provide

investors with returns that match the price return

of the SPDR® S&P 500® ETF Trust up to a

predetermined upside cap while providing a

downside buffer against the first 20% (before fees

and expenses) of the SPDR® S&P 500® ETF

Trust’s losses over the one-year Target Outcome

Period. In seeking to achieve this investment

objective, the Fund’s upside cap over the period

November 1, 2026 through October 31, 2027 is

12.74% (before fees and expenses).

* Takes into account the Fund’s unitary management fee.

In connection with the onset of the new Target Outcome Period, each Fund’s prospectus is amended as set forth below:

■

The sections in the Funds’ Prospectus entitled “Investment Objective” are deleted in their entirety and replaced with the corresponding disclosure set forth under “Investment Objective” in the table above.

■

All references to the dates associated with the prior Target Outcome Period are deleted in their entirety and replaced with references to the new Target Outcome Period: November 1, 2026 through October 31, 2027.

■

All references to the upside cap for the prior outcome period are deleted in their entirety and replaced with the corresponding cap set forth in the table above.

LR5011NOV