Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 108

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 108
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called “full defeasance”), if
we, in addition to other actions, put in place the following arrangements for you to be repaid:

| · | 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 firm of nationally  
 recognized independent public accounts, 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.                                                           |

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| · | We must deliver to the trustee a legal opinion of our counsel, based upon a ruling by the U.S. Internal Revenue Service or upon a      
 change in applicable U.S. federal income tax law, 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 ever did accomplish full defeasance as described
above, you would have to rely solely on the trust deposit for repayment on the debt securities. You could not look to us for repayment
in the unlikely event of any shortfall. Conversely, the trust deposit would most likely be protected from claims of our lenders and other
creditors if we ever become bankrupt or insolvent. However, even if we take these actions, a number of our obligations relating to the
debt securities will remain. These include the following obligations:

| · | to register the transfer and exchange of debt securities; |

| · | to replace mutilated, destroyed, lost or stolen debt securities; |

| · | to maintain paying agencies; |

| · | to hold money for payment in trust; and |

| · | to indemnify the trustee according to the terms of the indenture. |

Covenant Defeasance

We can make the same type of deposit described
above and be released from all or some of the restrictive covenants (if any) that apply to the debt securities of any particular series.
This is called “covenant defeasance.” In that event, you would lose the protection of those restrictive