Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
09 March 2022 - 6:08AM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(3)
File No. 333-255685
NUVEEN NASDAQ 100 DYNAMIC OVERWRITE FUND
(NASDAQ: QQQX)
(THE FUND)
SUPPLEMENT DATED MARCH 8, 2022
TO THE FUNDS PROSPECTUS DATED
MAY 1, 2021
Effective immediately, the following language is added to the end of the section titled Risks General Risks
Global Economic Risk in the Funds Prospectus:
In late February 2022, Russia launched a large scale
military attack on Ukraine. The invasion significantly amplified already existing geopolitical tensions among Russia, Ukraine, Europe, NATO and the West, including the U.S. The military attack may have an adverse impact on the Funds
investments in Ukraine or Russia and Ukrainian or Russian companies. In response to the military action by Russia, various countries, including the U.S., the United Kingdom, and European Union issued broad-ranging economic sanctions against Russia.
Such sanctions included, among other things, a prohibition on doing business with certain Russian companies, large financial institutions, officials and oligarchs; a commitment by certain countries and the European Union to remove selected Russian
banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the electronic banking network that connects banks globally; and restrictive measures to prevent the Russian Central Bank from undermining the
impact of the sanctions. Additional sanctions may be imposed in the future. Such sanctions (and any future sanctions) and other actions against Russia may adversely impact, among other things, the Russian economy and various sectors of the economy,
including but not limited to, financials, energy, metals and mining, engineering and defense and defense-related materials sectors; result in a decline in the value and liquidity of Russian securities; result in boycotts, tariffs, and purchasing and
financing restrictions on Russias government, companies and certain individuals; weaken the value of the ruble; downgrade the countrys credit rating; freeze Russian securities and/or funds invested in prohibited assets and impair the
ability to trade in Russian securities and/or other assets; and have other adverse consequences on the Russian government, economy, companies and region. Further, several large corporations and U.S. states have announced plans to divest interests or
otherwise curtail business dealings with certain Russian businesses.
The ramifications of the hostilities and sanctions,
however, may not be limited to Russia, Ukraine and Russian and Ukrainian companies but may spill over to and negatively impact other regional and global economic markets (including Europe and the United States), companies in other countries
(particularly those that have done business with Russia and Ukraine) and on various sectors, industries and markets for securities and commodities globally, such as oil and natural gas. Accordingly, the actions discussed above and the potential for
a wider conflict could increase financial market volatility, cause severe negative effects on regional and global economic markets, industries, and companies and have a negative effect on your Funds investments and performance beyond any
direct exposure to Russian and Ukrainian issuers or those of adjoining geographic regions. In addition, Russia may take retaliatory actions and other countermeasures, including
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cyberattacks and espionage against other countries and companies around the world, which may negatively impact such countries and the companies in which the Fund invests.
The extent and duration of the military action or future escalation of such hostilities, the extent and impact of existing and
future sanctions, market disruptions and volatility, and the result of any diplomatic negotiations cannot be predicted. These and any related events could have a significant impact on Fund performance and the value of an investment in the Fund,
particularly with respect to Russian and Ukrainian exposure.
PLEASE KEEP THIS WITH THE
FUNDS PROSPECTUS
FOR FUTURE
REFERENCE
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