Yes, SSL Termination on Cloud Load Balancers is supported via the API.  SSL Termination allows users to have their secure traffic terminate at the load balancer with centralized certificate management. Features of this service include: SSL acceleration for improved throughput, reduced CPU load at the application level for better performance,  and HTTP/HTTPS session persistence.   SSL Termination should not be used when transferring certain types of Personally Identifiable Information (PII).