Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 59

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 59
---
 amounts of payment of principal of, premium, if any, or interest on the 
 debt securities will be determined, if these amounts may be determined by reference to an   
 index based on a currency or currencies or by reference to a commodity, commodity index,    
 stock exchange index or financial index;                                                    |

| ● | any                                                                   
 provisions relating to any security provided for the debt securities; |

| ● | any                                                                                              
 addition to, deletion of or change in the Events of Default described in this prospectus         
 or in the indenture with respect to the debt securities and any change in the acceleration       
 provisions described in this prospectus or in the indenture with respect to the debt securities; |

| ● | any                                                                                        
 addition to, deletion of or change in the covenants described in this prospectus or in the 
 indenture with respect to the debt securities;                                             |

| ● | any                                                                                       
 depositaries, interest rate calculation agents, exchange rate calculation agents or other 
 agents with respect to the debt securities;                                               |

| ● | the                                                                                            
 provisions, if any, relating to conversion or exchange of any debt securities of such series,  
 including if applicable, the conversion or exchange price and period, provisions as to whether 
 conversion or exchange will be mandatory, the events requiring an adjustment of the conversion 
 or exchange price and provisions affecting conversion or exchange;                             |

| ● | any                                                                                            
 other terms of the debt securities, which may supplement, modify or delete any provision       
 of the indenture as it applies to that series, including any terms that may be required under  
 applicable law or regulations or advisable in connection with the marketing of the securities; 
 and                                                                                            |

| ● | whether                                                                                       
 any of our direct or indirect subsidiaries will guarantee the debt securities of that series, 
 including the terms of subordination, if any, of such guarantees.                             |

We may issue debt securities
that provide for an amount less than their stated principal amount to be due and payable upon declaration of acceleration of their maturity
pursuant to the terms of the indenture. We will provide you with information on the U.S. federal income tax considerations and other
special considerations applicable to any of these debt securities in the applicable prospectus supplement.

If we denominate the purchase
price of any of the debt securities in a foreign currency or currencies or a foreign currency unit or units, or if the principal of and
any premium and interest on any series of debt securities is payable in a foreign currency or currencies or a foreign currency