Prudential FlexGuard^® indexed variable annuity A Retirement Strategy Tailored to Each Client’s Needs

Registered Flexible Premium Deferred Index-Linked Variable Annuity with three Index Strategies featuring multiple protection levels and term lengths, plus 5 Variable investment options

Prudential FlexGuard^® indexed variable annuity

May 18, 2020

Up to age 85; based on the age of the oldest Owner/Annuitant

$25,000 Minimum Qualified and Non-Qualified
$1,000,000 Maximum (Premiums that exceed $1,000,000 require prior company approval)

Minimum of $100 ($50 for EFT’s) – Additional Purchase Payments received between Index Anniversaries will be allocated to the Holding Account (unless the client provides instruction to allocate to any other Variable investment options at that time). Any allocations to the Index Strategies must occur on an Index Anniversary.

This product will issue daily. The client will choose on the application if they wish to allocate to the Index Strategies immediately or defer their allocation for 30 days to accommodate multiple transfers and exchanges. If the client chooses to wait the 30 days, the allocations for the Index Strategies will be placed in the Holding Account and will automatically be transferred to the Index Strategies on day 30 using the Index Strategy rates applicable to the contract issue date.

The Contingent Deferred Sales Charge applies to each Purchase Payment and will be applied to amounts that exceed the Free Withdrawal Amount

• 6 years: 7%, 7%, 6%, 5%, 4%, 3%

Client(s) may withdraw up to 10% of all Purchase Payments still within CDSC without incurring a surrender charge

• Free Withdrawals in each contract year are not cumulative
• Contingent Deferred Sales Charges will not apply to Required Minimum Distributions that Prudential calculates

Account Value equals the sum of the Interim Value for each Index Strategy plus the total value of any allocations in the Variable investment options. Clients will see their Account Value change on a daily basis as the Interim Value and Variable investment option values change daily.

The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term.

Return of Purchase Payments

• No charge associated
• Available for all ages
• Equal to the greater of:
  Purchase Payments, less proportional withdrawals
  Or Account Value
  Change of Ownership terminates the Return of Purchase Payments death benefit.

First of the month following the 95th birthday of the oldest Owner/Annuitant

Annuity Payments for a Fixed Period Life Income
Joint Life Income
Life with Period Certain
Joint Life with Period Certain

Not applicable

Applicable to only Account Value allocated to the Variable investment options (assessed daily as a percentage of the net assets of the Variable investment options). The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge.

• Total Annualized Insurance Fees and Charges for Net Purchase Payments less than 1 Million:1.30%
  - Mortality & Expense Risk Charge for Net Purchase Payments less than $1 Million: 1.15%
  And
  - Administration Charge: 0.15%
• Total Annualized Insurance Fees and Charges for Net Purchase Payments of at least $1 Million: 1.20%
  - Mortality & Expense Risk Charge for Net Purchase Payments of at least $1 Million: 1.05%
  And
  - Administration Charge: 0.15%

74430A 722

The customer will have the option to allocate their premium to one or both indices listed below:

• S&P 500^®
• i-Shares Russell^® 2000 ETF
• Invesco QQQ ETF
• MSCI EAFE Index

The customer will have the option to allocate to one, some, or all the Index Strategies listed below:

• Point-to-Point with Cap Rate
  - Available in 1, 3, and 6-year terms with various Buffer options (10%, 15%, 20%, and 100%)
• Tiered Participation Rate
  - Available in 6-year terms with 5% and 10% Buffers only
• Step Rate Plus
  - Available in 1-year terms with 5% and 10% Buffers only

Negative Index Return is protected from loss within the Buffer associated with the selected Index Strategy.
Available Buffers, which may vary by Index Strategy, are 5%, 10%, 15%, 20%, and 100%

If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal to the Cap Rate. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to the Index Return.
If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer.
The Cap Rate is the maximum rate that may be credited to this strategy.

If the Index Return is between zero and the declared Tier Level, then the Index Credit is equal to the Index Return multiplied by the Participation Rate for the 1st tier. If the Index Return is greater than or equal to the declared Tier Level, the Index Credit is the sum of the Tier Level Index Return multiplied by the Participation Rate for the 1st tier and the remaining Index Return multiplied by the Participation Rate for the 2nd tier. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero.
Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer.
There is no maximum amount of Index Credit with this strategy.

If the Index Return is between zero and the declared Step Rate, then the Index Credit is equal to the Step Rate. If the Index Return is greater than the Step Rate, the Index Credit is equal to the greater of the Index Return multiplied by the Participation Rate or the Step Rate. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer.

There is no maximum amount of Index Credit with this strategy.

Clients may transfer Account Value between the variable investment options at any time.
Transfers/Reallocations to the Index Strategies must occur on an Index Anniversary. Transfers out of any
Index Strategy before the Index Strategy End Date will do so using the Interim Value of the Index Strategy.

Prudential reserves the right to change rates at anytime.

• Set monthly for new business and renewal
• Renewal Rate Guarantees
  - Point-to-Point with Cap Rate: Guaranteed Minimum Cap Rate for 1-year term: 1%, 3-year term: 5%, and 6- year term: 10%
  - Tiered Participation Rate: Guaranteed Minimum Participation Rate: 100%; Guaranteed Maximum Tier Level: 35%
  - Step Rate Plus: Guaranteed Minimum Step Rate: 1%; Guaranteed Minimum Participation Rate: 60%
• Subsequent Cap and Participation Rates may be higher or lower than the initial Rates, but will never be less than the Guaranteed Minimum Rates. Subsequent Rates may differ from the Rates used for new contracts or for other contracts issued at different times.

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