diff --git a/doc/api/esm.md b/doc/api/esm.md
index aa444cc9480e6d..34791f89e0c845 100644
--- a/doc/api/esm.md
+++ b/doc/api/esm.md
@@ -766,7 +766,7 @@ added: REPLACEME
 The `initialize` hook provides a way to define a custom function that runs
 in the loader's thread when the loader is initialized. Initialization happens
 when the loader is registered via [`register`][] or registered via the
-`--loader` command line option.
+`--experimental-loader` command line option.
 
 This hook can send and receive data from a [`register`][] invocation, including
 ports and other transferrable objects. The return value of `initialize` must be