Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 166

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 166
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 will issue the debt securities as one or more
global securities registered in the name of a common depositary for Clearstream and Euroclear. Investors may hold book-entry interests
in the global securities through organizations that participate, directly or indirectly, in Clearstream and/or Euroclear. Book-entry interests
in the debt securities and all transfers relating to the debt securities will be reflected in the book-entry records of Clearstream and
Euroclear.

The distribution of the debt securities will be
carried through Clearstream and Euroclear. Any secondary market trading of book-entry interests in the debt securities will take place
through participants in Clearstream and Euroclear and will settle in same-day funds. Owners of book-entry interests in the debt securities
will receive payments relating to their debt securities in U.S. dollars or such other currency in which the debt securities are denominated,
as applicable. Clearstream and Euroclear have established electronic securities and payment transfer, processing, depositary and custodial
links among themselves and others, either directly or through custodians and depositaries. These links allow securities to be issued,
held and transferred among the clearing systems without the physical transfer of certificates. Special procedures to facilitate clearance
and settlement have been established among these clearing systems to trade securities across borders in the secondary market.

The policies of Clearstream and Euroclear will
govern payments, transfers, exchange and other matters relating to the investor’s interest in securities held by them. We have no
responsibility for any aspect of the records kept by Clearstream or Euroclear or any of their direct or indirect participants. We do not
supervise these systems in any way.

Clearstream and Euroclear and their participants
perform these clearance and settlement functions under agreements they have made with one another or with their customers. You should
be aware that they are not obligated to perform or continue to perform these procedures and may modify them or discontinue them at any
time.

Except as provided below, owners of beneficial
interest in the debt securities will not be entitled to have the debt securities registered in their names, will not receive or be entitled
to receive physical delivery of the debt securities in definitive form and will not be considered the owners or holders of the debt securities
under the indenture governing the debt securities, including for purposes of receiving any reports delivered by us or the trustee pursuant
to the indenture. Accordingly, each person owning a beneficial interest in a debt security must rely on the procedures of the Clearstream
and Euroclear and, if that