Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 12

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 12
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 practices could have a material impact on our ability to market our products and procure inputs and equipment for our operations and projects.

Access to markets for our
products and our ability to procure inputs and equipment required for our projects and operations may be subject to interruptions or trade
barriers due to policies and tariffs or import/export restrictions of individual countries. Our products may also be subject to tariffs
that do not apply to producers based in other countries which could result in changes to our customer base and disrupt our usual sales
processes. In April 2025, the United States government announced the implementation of an import tariff program with country-specific
rates, starting from a minimum rate of 10%. In July 2025, the United States announced a 50% tariff on select Brazilian exports and
an investigation into Brazilian trading practices. Although the exports of pulp remain exempt from this additional tariff, a limited number
and volume of our products within the paper portfolio were included under the scope of the 50% tariff. These developments have increased
uncertainty for Brazilian companies with exposure to U.S. markets and may lead to further retaliatory measures or reputational risks.
The adoption and expansion of trade restrictions or other governmental action related to tariffs, trade agreements, policies or sanctions
may adversely impact our business.

An active trading market for the Notes may not develop or be maintained.

The Notes constitute a new
issue of securities, for which there is no existing market. Although we intend to use commercially reasonable efforts to list the Notes
on the New York Stock Exchange, we cannot provide any assurances that the application will be accepted. Further, no assurance can be provided
regarding the future development or continuance, as the case may be, of a market for the Notes, your ability to sell your Notes, or the
price at which you may be able to sell your Notes. Accordingly, we cannot assure that an active trading market for the Notes will develop
or, if a trading market develops, that it will continue. The lack of an active trading market for the Notes would have a material adverse
effect on the market price and liquidity of the Notes, and the Notes may be traded at a discount from their initial offering price.

Changes in our credit ratings may adversely affect the value of the Notes.

The Notes are expected to
be rated by credit rating agencies. Such ratings are limited in scope, and do not address all material risks relating to an investment
in the Notes, but rather reflect only the view of each rating agency at the time the