Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 73

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 73
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 ordinary
course of their respective business activities, the underwriters and their respective affiliates may make or hold a broad array of investments
and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for
their own accounts and for the accounts of their respective customers. Such investments and securities activities may involve securities
and/or instruments of ours or our affiliates. Certain of the underwriters or their affiliates, who have a lending relationship with us,
routinely hedge, and certain other of those underwriters or their affiliates may hedge or otherwise reduce, their credit exposure to
us, consistent with their customary risk management policies. Typically, these underwriters and their affiliates would hedge such exposure
by entering into transactions which consist of either the purchase of credit default swaps or the creation of short positions in our
securities, including potentially the Notes offered hereby. Any such credit default swaps or short positions could adversely affect future
trading prices of the Notes offered hereby. The underwriters and their respective affiliates may also make investment recommendations
and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or recommend
to clients that they acquire, long and/or short positions in such securities and instruments.

The underwriters or their
affiliates may hold an interest in the 2026 Notes or 2027 Notes that are the subject of the Tender Offer and that will be repurchased
with the proceeds of this offering. Because the underwriters or their affiliates may receive a portion of the proceeds from this offering,
the underwriters may be deemed to have a “conflict of interest” with us. Certain of the underwriters are also acting as dealer
managers with respect to the Tender Offers. See “Summary—Recent Developments—Tender Offer”).

<div align='center'>S-47

ENFORCEABILITY OF CIVIL LIABILITIES</div>

Brazil

All, or substantially all,
of Suzano’s directors and officers and certain advisors named herein reside outside the United States. As a result, it may not
be possible, or it may be difficult, for you to effect service of process upon us or these other persons within the United States, or
to enforce judgments obtained in United States courts against us or them, including those predicated upon the civil liability provisions
of the federal securities laws of the United States.

We have been advised by our
internal Brazilian general counsel that a final judgment of a United States court for civil liabilities predicated upon