Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 16

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 16
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 debt securities even though you continue to hold the Notes and receive no distribution
in connection with the deemed disposition. See “Certain Tax Considerations—United States Tax Considerations—Substitution
of Issuer” for a discussion of possible tax consequences.

Brazilian and Dutch bankruptcy and insolvency laws may be less favorable to investors than bankruptcy and insolvency laws in other jurisdictions.

As the Issuer is incorporated
under Dutch law and the Guarantor is incorporated under Brazilian law, insolvency proceedings relating to the Issuer would likely involve
Dutch insolvency laws and other EU Regulations regarding insolvency (as applicable), and insolvency proceedings relating to the Guarantor
would likely involve Brazilian insolvency laws. The procedural and substantive provisions of these insolvency laws and regulations may
differ from comparable provisions of the local insolvency laws and regulations of jurisdictions with which the Bondholders are familiar.
If the Issuer is unable to pay its indebtedness, including its obligations under the Notes, the Issuer may become subject to bankruptcy
proceedings in the Netherlands. In a bankruptcy of the Issuer, recourse against the bankruptcy estate will depend on the assets of the
Issuer available for liquidation and the relative priorities in entitlement of creditors to distribution of the proceeds thereof after
sharing in the costs of the proceeding. In any case such recourse will be limited to an amount expressed in Euros determined on the basis
of the prevailing exchange rate on the date of declaration of bankruptcy. If we are unable to pay our indebtedness, including our obligations
under the guarantees of the Notes, the Guarantor may become subject to bankruptcy proceedings in Brazil. The bankruptcy laws of Brazil
currently in effect are significantly different from, and may be less favorable to creditors than, those of certain other jurisdictions.
In addition, in the event of our bankruptcy, all of our debt obligations, including the Guarantee, which are denominated in foreign currency,
will be converted into reais at the prevailing exchange rate on the date of declaration of our bankruptcy by the court. We cannot
assure investors that such rate of exchange will afford full compensation of the amount invested in the Notes plus accrued interest. In
addition, our creditors may hold negotiable instruments or other instruments governed by local law that grant rights to attach the assets
at the inception of judicial proceedings in the relevant jurisdiction, which attachment is likely to result in priorities benefitting
those creditors when compared to the rights of holders of the Notes.

Brazil’s foreign exchange policy may affect our ability to make money remittances outside