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p-endxpl7x22xny

P-END-PL(7/22)-NY 1  PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY, NEWARK, NEW JERSEY    PERFORMANCE LOCK INDEX LINKED VARIABLE ANNUITY ENDORSEMENT    ANNUITY NUMBER: [001-00001]              EFFECTIVE DATE: [September 1, 2022]    This Endorsement is made a part of your Annuity.  For purposes of this Endorsement, certain provisions  of your Annuity are amended as described below.  If the terms of the Annuity and those of this  Endorsement conflict, the provisions of this Endorsement shall control.  Should this Endorsement  terminate, any amended or replaced Annuity provisions based on this Endorsements’ terms will revert to  the provisions in the Annuity, except as may be provided below.  This Endorsement should be read in  conjunction with any other Rider or Endorsement made a part of your Annuity.       For the purposes of this Endorsement, the following Definitions are added to your contract as follows:    Performance Lock – A feature under this Contract that allows you to capture the current Performance  Lock Value.  A Performance Lock Request may be submitted on any Valuation Day prior to the Index  Strategy End Date. Only one Performance Lock may be active for any given Index Strategy during a  respective Index Term.  Performance Locks may not be applied retroactively and must be for the full  amount of the Performance Lock Value. Partial locking of an Index Strategy is not permitted.  Once  locked, Index Credits will not apply on the Index Strategy End Date.    Performance Lock Date – The Valuation Date on which we process the Performance Lock transaction.     Performance Lock Request – You may request a Performance Lock by contacting us and providing in  Good Order instructions. Instructions received after the close of any Valuation Day will be applied on the  next Valuation Day.    Performance Lock Value - The value of an Index Strategy on any Valuation Day during an Index  Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. It is a calculated  value (as described in the ‘Calculation of the Performance Lock Value’ section) and is used when a  Performance Lock transaction occurs between an Index Strategy Start Date and Index Strategy End  Date. Once locked, the Performance Lock Value will not fluctuate, unless a withdrawal or a reallocation  were to occur.     The Definition of Interim Value is hereby amended to add the following:    Interim Value: The value of an Index Strategy on any Valuation Day during an Index Strategy Term other  than the Index Strategy Start Date and Index Strategy End Date. The Interim Value is a calculated value  (as described in each Index Strategy Endorsement) and is used when a withdrawal, Death Benefit  payment, annuitization, or surrender occurs between an Index Strategy Start Date and Index Strategy  End Date. During an Index Strategy Term, the Interim Value is included in the Account Value and  Surrender Value. If a Performance Lock has occurred, an amended Interim Value will apply as described  in the ‘Calculation of the Interim Value after a Performance Lock’ section.       Performance Lock    A Performance Lock may be requested on any Valuation Day prior to the Index Strategy End Date.  We  will use the Performance Lock Value at the end of the Valuation Day we receive your Performance Lock  Request.  If you exercise a Performance Lock, you will no longer participate in the Index Strategy  performance and you may receive less than the full Index Credit, or less than the full protection of the  Buffer, than you would have received if you waited for us to apply the Index Credit on the Index Strategy  End Date.    Only one Performance Lock may occur for any given Index Strategy during a respective Index Term.   Performance Locks may not be applied retroactively and must be for the full amount of the Performance  Lock Value.  Partial locking of an Index Strategy is not permitted. 

 

P-END-PL(7/22)-NY 2  Once a Performance Lock has been executed it cannot be reversed and the Performance Lock Value will  not fluctuate for the rest of the Strategy Term, with the exception of being reduced for withdrawals and  partial reallocations. The Performance Lock Value is reduced for any withdrawals and partial reallocations  that occur between an Index Strategy Start Date and Index Strategy End Date in the same proportion that  the total withdrawal or reallocation amount reduced the Interim Value. The Valuation Day upon which the  Performance Lock is executed is known as the Performance Lock Date.     Upon executing a Performance Lock, the Performance Lock Value will remain in the Index Strategy.  You  will be able to reallocate any portion of the Performance Lock Value to any available Index Strategy on  the next Index Anniversary.  For multi-year Index Strategy Terms, reallocation to a new Index Strategy is  permitted on Index Anniversaries occurring prior to the Index Strategy End Date without being subject to  the Interim Value. The Performance Lock Value is reduced for any withdrawals and partial reallocations  that occur between an Index Strategy Start Date and Index Strategy End Date in the same proportion that  the total withdrawal or reallocation amount reduced the Interim Value.  On the Index Strategy End Date,  any remaining Performance Lock Value must be reallocated to a new Index Strategy. Please see the  ‘Transfers Among the Index Strategy(ies)’ section for additional detail.     We reserve the right to limit the use of the feature for certain Index Strategies.  Additionally, we may  discontinue the use of this feature for future Performance Lock requests at any time.     Calculation of the Performance Lock Value    The Performance Lock Value calculation is the same for each Index Strategy.    Performance Lock Value is equal to (1) + (2), where:  1) is the fair value of the Index Strategy Base of an Index Strategy on the Valuation Day the  Performance Lock Value is calculated. It is determined as (A – B), where:  A = the Index Strategy Base on the Valuation Day of the calculation;  B = the fair value of the options under initial market conditions, with linear interpolation to the end  of the Index Strategy Term when the value becomes zero  2) is the fair value of replicating portfolio of options on the Valuation Day of the calculation     Calculation of the Interim Value after a Performance Lock:    The Interim Value after a Performance Lock for the applicable Index Strategy is equal to ((1) + (2)),  where:    1) is the fair value of the Index Strategy Base of an Index Strategy as of the Performance Lock Date,  adjusted for withdrawals and reallocations, with a current Valuation Day adjustment for any  changes in the Market Value Index Rate. It is determined as (A – B) x [(1 + C) / (1 + D)]^E,  where:  A = the Index Strategy Base as of the Performance Lock Date adjusted for withdrawals and  reallocations  B = the fair value of the options under initial market conditions, with linear interpolation to the end  of the Index Strategy Term,  as of the Performance Lock Date adjusted for withdrawals and  reallocations   C = the Market Value Index Rate at the Index Start Date;   D = the Market Value Index Rate at the current Valuation Day; and  E = the total days remaining in the Index Strategy Term divided by 365     2) is the fair value of replicating portfolio of options as of the Performance Lock Date adjusted for  withdrawals and reallocations.  

 

P-END-PL(7/22)-NY 3    The Section of the Contract entitled Transfers Among the Index Strategies is hereby amended as follows:    Transfers Among the Index Strategy(ies): You may transfer Account Value among the Index  Strategy(ies) according to the rules described in this paragraph. Transfers from the Index Strategy(ies) to  the Variable Sub-Accounts are only permissible to the Holding Account if the Index Strategy in which you  are invested is no longer available. Transfers from the Index Strategy(ies) that have reached the Index  Strategy End Date to new Index Strategy(ies) may only occur on an Index Anniversary Date.     For any Index Strategy(ies) where a Performance Lock has occurred, if you reallocate a portion of your  Performance Lock Value on an Index Anniversary that is not an Index Strategy End Date, the remaining  Performance Lock Value will be adjusted proportionally by the reduction in the Interim Value of this partial  reallocation.  If you reallocate your entire Performance Lock Value on an Index Anniversary that is not an  Index Strategy End Date, we will transfer the entire Performance Lock Value and the resulting Index  Strategy will become available for a new Performance Lock Request.    We will notify you in writing 30 days in advance of any Index Anniversary Date to provide you with  information that will indicate the available Index Strategies into which you may reallocate your Account  Value. Upon receipt of your instructions in Good Order for reallocation of the Account Value to or from an  Index Strategy, we will process the reallocation on the Index Anniversary Date. If we do not receive  instructions from you in Good Order prior to the Index Anniversary, the Account Value in any Index  Strategy that has reached the Index Strategy End Date will automatically be allocated to the same Index  Strategy and Index Strategy Term without the Performance Lock. If the same Index Strategy is no longer  available, or the Index Strategy Term goes beyond the Latest Available Annuity Date, Account Value in  any Index Strategy that has reached the Index Strategy End Date will automatically be allocated to the  Holding Account.                PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY    [      ]  [_____________________________]  [Secretary]p-rilaxschxspc7x22xny

P-RILA-SCH-SPC(7/22)-NY 1  PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY, NEWARK, NEW JERSEY    INDEX STRATEGIES SPECIFICATIONS SCHEDULE    ANNUITY NUMBER: [001-00001]       EFFECTIVE DATE: [September 1, 2022]    [Point to Point with Cap Index Strategies:    Index Index Value  on Effective  Date  Initial  Index  Term  Initial Index  Strategy  Base  Guaranteed  Minimum  Cap Rate  Initial Cap Rate Buffer  [MSCI EAFE  Index, Price  Return  (MXEA)]    [0.00]    [1 Year]    [0.00]    [5.00%]    [0%]    [10.00%]  [S&P 500®  Index, Price  Return  (SPX)]    [0.00]    [1 Year]    [$0.00]    [5.00%]    [0%]    [10.00%]  [MSCI EAFE  Index, Price  Return  (MXEA)]    [0.00]    [1 Year]    [$0.00]    [4.5.0%]   [0%]    [15.00%]  [S&P 500®  Index, Price  Return  (SPX)]    [3,785.38]    [1 Year]    [$100.000]    [4.50%]   [13.50%]    [15.00%]  [MSCI EAFE  Index, Price  Return  (MXEA)]    [0.00]    [3 Year]    [$0.00]    [15.00%]   [0%]    [10.00%]  [MSCI EAFE  Index, Price  Return  (MXEA)]    [0.00]    [3 Year]    [$0.00]    [9.00%]   [0%]    [20.00%]  [S&P 500®  Index, Price  Return  (SPX)]    [0.00]    [3 Year]    [$0.00]    [15.00%]   [0%]    [10.00%]  [S&P 500®  Index, Price  Return  (SPX)]    [0.00]    [3 Year]    [$0.00]    [9.00%]   [0%]    [20.00%]  [MSCI EAFE  Index, Price  Return  (MXEA)]    [0.00]    [6 Year]    [$0.00]    [180.00%]   [0%]    [20.00%]  [S&P 500®  Index, Price  Return  (SPX)]  [0.00]    [6 Year]    [$0.00]    [18.00%]   [0%]    [20.00%]                ] 

 

P-RILA-SCH-SPC(7/22)-NY 2    [Tiered Participation Index Strategies:  Index Index  Value on  Effective  Date  Initial  Index  Term  Initial Index  Strategy  Base  Initial Tier 1  Participation  Rate  Initial Tier 2  Participation  Rate  Tier  Level  Buffer  [MSCI EAFE  Index, Price  Return (MXEA)]      [0.00]    [6 Year]    [$0.00]    [0%]    [0%]    [0%]    [10.00%]  [S&P 500®  Index, Price  Return (SPX)]      [0.00]    [6 Year]    [$0.00]    [0%]    [0%]    [0%]    [10.00%]    Guaranteed Minimum Participation Rate: [100%]    Guaranteed Maximum Tier Level: [35%] ]    Market Value Index Rate:  [Bloomberg U.S. Intermediate Credit Index]    IMPORTANT DISCLOSURES:    [S&P 500®:  The Prudential FlexGuard is not sponsored, endorsed, sold or promoted by Standard & Poor's Financial  Services LLC ("S&P"). Neither S&P nor its third party licensors makes any representation or warranty,  express or implied, to the owners of Prudential FlexGuard or any member of the public regarding the  advisability of investing generally or purchasing Prudential FlexGuard particularly or the ability of the  S&P 500 Index (the "Index") to track general stock market performance. S&P's only relationship to  Prudential is the licensing of certain trademarks and trade names of S&P and of the Index which is  determined, composed and calculated by S&P without regard to Prudential or Prudential FlexGuard.  S&P has no obligation to take the needs of Prudential or the owners of Prudential FlexGuard into  consideration in determining, composing or calculating the Index. S&P is not responsible for and has not  participated in the determination of the prices and amount of Prudential FlexGuard or the timing of the  issuance or sale of Prudential FlexGuard or in the determination or calculation of the equation by which  Prudential FlexGuard may be converted into cash. S&P has no obligation or liability in connection with the  administration, marketing or trading of Prudential FlexGuard.    NEITHER S&P, ITS AFFILIATES NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE  ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDEX OR ANY DATA  INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR  WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT  THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT  TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P  MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL  WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH  RESPECT TO THE MARKS, THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING  ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR  THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR  CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING  LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY  OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.  The S&P®, S&P 500® are trademarks of Standard & Poor's Financial Services LLC and have been  licensed for use by Prudential. 

 

P-RILA-SCH-SPC(7/22)-NY 3  MSCI EAFE:  THE PRUDENTIAL FLEXGUARD INDEX LINKED VARIABLE ANNUITY (“PRUDENTIAL FLEXGUARD”)  IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. ("MSCI"). ANY OF ITS  AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED  IN, OR RELATED TO, COMPILING, COMPUTING OR CREA TING ANY MSCI INDEX (COLLECTIVELY,  THE "MSCI PARTIES"). THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND  THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN  LICENSED FOR USE FOR CERTAIN PURPOSES BY PRUDENTIAL. NONE OF THE MSCI PARTIES  MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO PRUCO LIFE  INSURANCE COMPANY OF NEW JERSEY OR OWNERS OF PRUDENTIAL FLEXGUARD OR ANY  OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING GENERALLY OR  PURCHASING PRUDENTIAL FLEXGUARD OR THE ABILITY OF ANY MSCI INDEX TO TRACK  CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE  LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE  MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT  REGARD TO PRUDENTIAL FLEXGUARD OR PRUCO LIFE INSURANCE COMPANY OF NEW  JERSEY OR OWNERS OF PRUDENTIAL FLEXGUARD OR ANY OTHER PERSON OR ENTITY.  NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF PRUCO LIFE  INSURANCE COMPANY OF NEW JERSEY OR OWNERS OF PRUDENTIAL FLEXGUARD OR ANY  OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR  CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS  PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF  PRUDENTIAL FLEXGUARD TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF  THE EQUATION BY OR THE CONSIDERATION INTO WHlCH PRUDENTIAL FLEXGUARD IS  REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO  PRUCO LIFE INSURANCE COMPANY OF NEW JERSEYOR OWNERS OF PRUDENTIAL  FLEXGUARD OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION,  MARKETING OR OFFERING OF THIS FUND.    ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE  CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE,  NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALlTY, ACCURACY  AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE  OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO  BE OBTAINED BY PRUCO LIFE INSURANCE COMPANY OF NEW JERSEYOF PRUDENTIAL  FLEXGUARD OWNERS OF THE FUND, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF  ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE  ANY LIABILlTY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION  WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI  PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI  PARITES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILlTY AND  FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA  INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY  OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE,  CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED  OF THE POSSIBILlTY OF SUCH DAMAGES. No purchaser, seller or holder of this product or any other  person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor,  endorse, market or promote this product without first contacting MSCI to determine whether MSCl's  permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI  without the prior written permission of MSCI.  

 

P-RILA-SCH-SPC(7/22)-NY 4    Bloomberg U.S. Intermediate Credit Index:  Bloomberg®” and Bloomberg U.S Intermediate Credit Index are service marks of Bloomberg Finance L.P.  and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index  (collectively, “Bloomberg”), and have been licensed for use for certain purposes by Pruco Life Insurance  Company of New Jersey.     The Prudential FlexGuard is not sponsored, endorsed, sold or promoted by Bloomberg. Bloomberg does  not make any representation or warranty, express or implied, to the owners of or counterparties to  Prudential FlexGuard or any member of the public regarding the advisability of investing in securities  generally or in Prudential FlexGuard particularly. The only relationship of Bloomberg to Pruco Life  Insurance Company of New Jersey is the licensing of certain trademarks, trade names and service marks  and of the Bloomberg U.S Intermediate Credit Index, which is determined, composed and calculated by  BISL without regard to Pruco Life Insurance Company of New Jersey or Prudential FlexGuard.  Bloomberg has no obligation to take the needs of Pruco Life Insurance Company of New Jersey or the  owners of Prudential FlexGuard into consideration in determining, composing or calculating the  Bloomberg U.S Intermediate Credit Index. Bloomberg is not responsible for and has not participated in  the determination of the timing of, prices at, or quantities of Prudential FlexGuard to be issued.  Bloomberg shall not have any obligation or liability, including, without limitation, to Prudential FlexGuard  customers, in connection with the administration, marketing or trading of Prudential FlexGuard.     BLOOMBERG DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE  BLOOMBERG U.S. INTERMEDIATE CREDIT INDEX OR ANY DATA RELATED THERETO AND SHALL  HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. BLOOMBERG  DOES NOT MAKE ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY  PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY, OWNERS OF PRUDENTIAL FLEXGUARD  OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BLOOMBERG U.S. INTERMEDIATE  CREDIT INDEX OR ANY DATA RELATED THERETO. BLOOMBERG DOES NOT MAKE ANY  EXPRESS OR IMPLIED WARRANTIES AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF  MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE  BLOOMBERG U.S. INTERMEDIATE CREDIT INDEX OR ANY DATA RELATED THERETO. WITHOUT  LIMITING ANY OF THE FOREGOING, TO THE MAXIMUM EXTENT ALLOWED BY LAW,  BLOOMBERG, ITS LICENSORS, AND ITS AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS,  AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY OR RESPONSIBILITY  WHATSOEVER FOR ANY INJURY OR DAMAGES—WHETHER DIRECT, INDIRECT,  CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE—ARISING IN CONNECTION WITH  PRUDENTIAL FLEXGUARD OR BLOOMBERG U.S. INTERMEDIATE CREDIT INDEX OR ANY DATA  OR VALUES RELATING THERETO—WHETHER ARISING FROM THEIR NEGLIGENCE OR  OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.]

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