Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 122

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 122
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 provided that any such Rating Decline is expressly
stated by the applicable Rating Agencies to have been the result of the Change of Control.

“” means (i) with
respect to any Debt, the date specified as the fixed date on which the final installment of principal of such Debt is due and payable
or (ii) with respect to any scheduled installment of principal of or interest on any Debt, the date specified as the fixed date on
which such installment is due and payable as set forth in the documentation governing such Debt, not including any contingent obligation
to repay, redeem or repurchase prior to the regularly scheduled date for payment.

“” means with respect
to any Person, any corporation, limited liability company, partnership, association or other business entity of which more than 50% of
the outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more Subsidiaries of such Person (or a combination
thereof).

“” of a Person means
Capital Stock in such Person having power to vote for the election of directors or similar officials of such Person or otherwise voting
with respect to actions of such Person (other than such Capital Stock having such power only by reason of the happening of a contingency).

“” means,
with respect to any corporate entity, any person of which 95% of the outstanding capital stock (other than qualifying shares, if any)
having by the terms thereof ordinary voting power (not dependent on the happening of a contingency) to elect the Board of Directors (or
equivalent controlling governing body) of such person is at the time owned or controlled directly or indirectly by such corporate entity,
by one or more wholly-owned subsidiaries of such corporate entity or by such corporate entity and one or more wholly-owned subsidiaries
thereof.

<div align='center'>27

FORM OF SECURITIES, CLEARING AND SETTLEMENT</div>

Global Securities

Unless otherwise specified in the applicable prospectus
supplement, the following information relates to the form, clearing and settlement of U.S. dollar-denominated debt securities.

We will issue the securities in global form. Securities
issued in global form will be represented, at least initially, by one or more global debt securities. Upon issuance, global securities
will be deposited with the trustee as custodian for The Depository Trust Company (“DTC”), and registered in the name of Cede &
Co., as DTC’s partnership nominee. Ownership of beneficial interests in each global security will be limited to persons who have
accounts