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

Prudential FlexGuard^® indexed variable annuity - New York

February 1, 2023

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

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

Minimum of $100 ($50 for EFTs) – 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 (1) allocate to the Index Strategies immediately, (2) defer their allocation for 45 days from the application signed date to accommodate multiple transfers and exchanges or (3) elect to defer their allocation to a specified date. Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. If the client chooses to defer their Index Effective Date, the allocations for the Index Strategies will be placed in the Transfer Account and will automatically be transferred to the Index Strategies, if within the Transfer Account Period.

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

The Interim Value for each Index Strategy plus the total value of any allocations in the Variable Investment Subaccounts (including the Holding Account) and the Transfer Account on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. On an Index Strategy End Date, the Index Strategy Base plus the Index Credit applicable to that Index Strategy would be used instead of the Interim Value.

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%

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

• S&P 500^®
• MSCI EAFE Index
• NASDAQ 100^® 
• Russell 2000^® 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 30%)
• Dual Directional
  - Available in a 1-year term with a 10% Buffer
  - Available in a 6-year term with a 10%, 15%, and 20% Buffer
• Tiered Participation Rate
  - Available in 6-year terms with 10% Buffers only
• Step Rate
  - Available in a 1-year term with a 10% Buffer
• Participation Rate with Cap
  - Available in a 6-year term with 10% and 20% Buffers

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 10%, 15%, 20%, and 30%

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.

Lock in performance prior to the Index Strategy End Date by either setting an automatic Performance Lock target, which will automatically lock in the Performance Lock Value as of close of business on the day the target is met, OR manually lock in the Performance Lock Value as of the current day's close of business.

After a Performance Lock has occurred funds remain allocated to the index strategy, but the client no longer participates in the index performance, both positive or negative, for the remainder of the existing index strategy term. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation.   

FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. However, transfers among Variable Subaccounts may occur at any time.

Prudential reserves the right to change rates at any time.

• Set monthly for new business and renewal
• Renewal Rate Guarantees
  - Point-to-Point with a Cap Rate Guaranteed Minimum Cap Rates: 1-Year, 10% Buffer: 5%; 1-Year, 15% Buffer: 4.5%; 1-year, 30% Buffer: 3%; 3-Year, 10% Buffer: 15%; 3-Year, 20%Buffer: 12%; 6-Year, 20% Buffer: 24%; 6-Year, 30% Buffer: 18%
  
• Dual Directional: Guaranteed Minimum Cap Rates: 1-Year, 10% Buffer: 5%; 6-Year, 10% Buffer: 30%; 6-Year, 15% Buffer: 27%; 6-Year, 20% Buffer: 24%
• Tiered Participation: Guaranteed Minimum Participation Rate: 100% Guaranteed Maximum Tier Level: 35%
• Step Rate Guaranteed Minimum Step Rate: 1-Year, 10% Buffer 5% 
• Participation Rate with Cap Guaranteed Minimum Cap Rates: 6-Year, 10%, Buffer, 30%, 6-Year, 20% Buffer, 24% Guaranteed Minimum Participation Rate: 100%
• 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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