Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 109

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 109
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 covenants but would
gain the protection of having money and securities set aside in trust to repay the debt securities. In order to achieve covenant defeasance,
we must do the following:

| · | We must irrevocably deposit in trust for your benefit and the benefit of all other direct holders of the debt securities a combination        
 of money and non-callable U.S. government or U.S. government agency debt securities or bonds that, in the opinion of a nationally recognized  
 firm of independent accountants, will generate enough cash without reinvestment to make interest, principal and any other payments, including 
 additional amounts, on the debt securities on their various due dates.                                                                        |

| · | We must deliver to the trustee a legal opinion of our counsel confirming that under then current U.S. federal income tax law we may       
 make the above deposit and a beneficial owner of the debt securities will not recognize gain or loss for U.S. federal income tax purposes 
 as a result thereof and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as if    
 we did not make the deposit.                                                                                                              |

If we accomplish covenant defeasance, the following
provisions of the indenture and/or the debt securities would no longer apply:

| · | Any covenants applicable to the series of debt securities and described in the applicable prospectus supplement. |

| · | The events of default relating to breach of those covenants being defeased and acceleration of the maturity of other debt, described 
 later under “Events of Default”.                                                                                                     |

If we accomplish covenant defeasance, you can
still look to us for repayment of the debt securities if there were a shortfall in the trust deposit. In fact, if any event of default
occurred (such as our bankruptcy) and the debt securities become immediately due and payable, there may be such a shortfall. Depending
on the event causing the default, you may not be able to obtain payment of the shortfall. (Section 13.03)

Events of Default

Each indenture provides that you will have special rights if an event of default occurs and is not cured or waived, as described later in this subsection and as may be specified in theapplicable prospectus supplement.

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What Is an Event of Default?

Each indenture provides that the term “event
of default” with respect to any series of debt securities means any of the following:

a)