Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 65

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 65
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 principal amount of the Notes to certain other brokers or dealers. After the initial offering of the Notes to the public, the underwriters
may vary the offering prices and other selling terms of the Notes from time to time. The expenses of the offering, not including the underwriting
discount, are estimated to be US$ million.

Trading Market

The Notes are a new issue
of securities with no established trading market. Application will be made to list the Notes on the New York Stock Exchange in accordance
with the rules and regulations of the New York Stock Exchange, subject to the satisfaction of its minimum listing standards. The
Issuer does not intend to apply for listing of the Notes on any other securities exchange or for quotation of the Notes on any automated
dealer quotation system. The underwriters have advised us that they presently intend to make a market in the Notes after completion of
the offering. However, they are under no obligation to do so and may discontinue any market-making activities at any time without any
notice. We cannot assure the liquidity of any trading market for the Notes or that an active public market for the Notes will develop.
If an active public trading market for the Notes does not develop, the market price and liquidity of the Notes may be adversely affected.
If the Notes are traded, they may trade at a discount from their initial offering price, depending on prevailing interest rates, the market
for similar securities, our operating performance and financial condition, general economic conditions and other factors.

Price Stabilization and Short Positions

In connection with the offering,
the underwriters may purchase and sell the Notes in the open market. These transactions may include short sales and purchases on the open
market to cover positions created by short sales. Short sales involve the sale by the underwriters of a greater principal amount of Notes
than they are required to purchase in the offering. The underwriters must close out any short position by purchasing Notes in the open
market. A short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price
of the Notes in the open market after pricing that could adversely affect investors who purchase in the offering.

Similar to other purchase
transactions, the underwriters’ purchases to cover the syndicate short sales may have the effect of raising or maintaining the market
price of the Notes or preventing or retarding a decline in the market price of the Notes. As a result, the price of the Notes may be higher
than the price that might otherwise exist in the open market