Nuveen S&P 500 Dynamic Overwrite Fund — Regulatory Filings 2021

Aug 6, 2021

424B3 1 d214871d424b3.htm NUVEEN S&P 500 DYNAMIC OVERWRITE FUND Nuveen S&P 500 Dynamic Overwrite Fund

Filed Pursuant to Rule 424(b)(3)

File No. 333-237421

N UVEEN S&P 500 D YNAMIC O VERWRITE F UND

(NYSE: SPXX)

( THE “F UND ”)

S UPPLEMENT D ATED A UGUST 6, 2021

T O THE F UND ’ S P ROSPECTUS AND S TATEMENT OF A DDITIONAL

I NFORMATION (“SAI”) D ATED J ULY 28, 2021

Effective August 6, 2021, the Fund’s Board of Trustees has eliminated the following investment policy with respect to the Fund:

“With respect to call options written on individual securities, the Fund will not write “naked” or uncovered call options.”

As such, any references in the Fund’s Prospectus and SAI to the aforementioned policy have been removed, effective immediately. Also effective immediately, all references throughout the Prospectus and SAI to “covered call options” written by the Fund have been replaced with “call options.”

PLEASE KEEP THIS WITH THE

FUND’S PROSPECTUS AND SAI

FOR FUTURE REFERENCE