<SEC-DOCUMENT>0001104659-20-126179.txt : 20201117
<SEC-HEADER>0001104659-20-126179.hdr.sgml : 20201117
<ACCEPTANCE-DATETIME>20201117100128
ACCESSION NUMBER:		0001104659-20-126179
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20201117
DATE AS OF CHANGE:		20201117

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Suzano S.A.
		CENTRAL INDEX KEY:			0000909327
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPER MILLS [2621]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-236083
		FILM NUMBER:		201319587

	BUSINESS ADDRESS:	
		STREET 1:		AV. PROFESSOR MAGALHAES NETO, 1,752
		STREET 2:		10TH FLOOR, ROOMS 1010 AND 1011
		CITY:			SALVADOR - BA
		STATE:			D5
		ZIP:			41 810-012
		BUSINESS PHONE:		551121384588

	MAIL ADDRESS:	
		STREET 1:		AV. BRIGADEIRO FARIA LIMA, 1,355
		STREET 2:		7TH FLOOR
		CITY:			PINHEIROS, SAO PAULO - SP
		STATE:			D5
		ZIP:			01 452-919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Suzano Papel e Celulose S.A.
		DATE OF NAME CHANGE:	20180322

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMPANHIA SUZANO DE PAPEL E CELULOSE                    /FI
		DATE OF NAME CHANGE:	19930719

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Suzano S.A.
		CENTRAL INDEX KEY:			0000909327
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPER MILLS [2621]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		AV. PROFESSOR MAGALHAES NETO, 1,752
		STREET 2:		10TH FLOOR, ROOMS 1010 AND 1011
		CITY:			SALVADOR - BA
		STATE:			D5
		ZIP:			41 810-012
		BUSINESS PHONE:		551121384588

	MAIL ADDRESS:	
		STREET 1:		AV. BRIGADEIRO FARIA LIMA, 1,355
		STREET 2:		7TH FLOOR
		CITY:			PINHEIROS, SAO PAULO - SP
		STATE:			D5
		ZIP:			01 452-919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Suzano Papel e Celulose S.A.
		DATE OF NAME CHANGE:	20180322

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMPANHIA SUZANO DE PAPEL E CELULOSE                    /FI
		DATE OF NAME CHANGE:	19930719
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Issuer Free Writing Prospectus filed
pursuant to Rule&nbsp;433</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Supplementing the Preliminary Prospectus
Supplement dated November&nbsp;16, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration Nos. 333-236083 and 333-236083-02</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><U>Final
Term Sheet</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">U.S.$500,000,000 3.750% Global Notes due
2031</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">November&nbsp;16, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Issuer: Suzano Austria GmbH</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Guarantor: Suzano S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ranking: Senior unsecured notes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title of Securities: 3.750% Global Notes due 2031 (the &ldquo;Notes&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Aggregate Principal Amount: U.S.$500,000,000,
and together with the Issuer&rsquo;s outstanding U.S.$750,000,000 3.750% Senior Notes due 2031 (&ldquo;Original Notes&rdquo;),
a total principal amount of U.S.$1,250,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes: The Notes are being offered under
an indenture, dated as of January&nbsp;24, 2020, as supplemented by the Amended and Restated First Supplemental Indenture, dated
on November&nbsp;19, 2020 (the &ldquo;Indenture&rdquo;), in each case, entered into by and among the Company, the Guarantor and
Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the &ldquo;Trustee&rdquo;), registrar, paying
agent and transfer agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Notes will be consolidated, form a
single series, and be fully fungible, with the Issuer&rsquo;s outstanding Original Notes that were originally issued on September&nbsp;14,
2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reopening Price: 105.510% of the principal
amount, plus accrued interest totaling U.S.$3,385,416.67 for the period from and including September&nbsp;14, 2020 to, but not
including November&nbsp;19, 2020, plus accrued interest, if any, from November&nbsp;19, 2020, if the settlement occurs after that
date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Maturity: January&nbsp;15, 2031.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Interest Rate/Coupon: 3.750%</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Interest Payment Dates: January&nbsp;15 and July&nbsp;15 of
each year, commencing on January&nbsp;15, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Interest Payment Record Dates: January&nbsp;13 and July&nbsp;13
of each year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest Rate Step Up: From and including
July&nbsp;16, 2026 (the &ldquo;Interest Rate Step Up Date&rdquo;), the interest rate payable on the Securities shall be increased
by 25 basis points to 4.000% per annum (the &ldquo;Subsequent Rate of Interest&rdquo;) unless the Company has notified (the &ldquo;Satisfaction
Notification&rdquo;) the Trustee and the noteholders in writing at least 30 days prior to the Interest Rate Step Up Date (the &ldquo;Notification
Date&rdquo;) that in respect of the year ended December&nbsp;31, 2025: (i)&nbsp;the Sustainability Performance Target has been
satisfied and (ii)&nbsp;the satisfaction of the Sustainability Performance Target (as defined in the Indenture) has been confirmed
by the External Verifier (as defined in the Indenture) in accordance with its customary procedures. If as of the Notification Date
(x)&nbsp;the Company fails, or is unable, to provide the Satisfaction Notification, (y)&nbsp;the Sustainability Performance Target
has not been satisfied or (z)&nbsp;the External Verifier has not confirmed satisfaction of the Sustainability Performance Target,
the Subsequent Rate of Interest will apply for each interest period from and including the Interest Rate Step Up Date up to, and
including, the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Redemption Provisions/Call Options: Prior
to October&nbsp;15, 2030 (the &ldquo;Par Call Date&rdquo;), the Company may redeem the Securities in whole at any time, or in part
from time to time, at a redemption price based on a &ldquo;make-whole&rdquo; premium calculated on a yield of T+50 bps (as more
fully described in the Preliminary Prospectus Supplement), plus accrued and unpaid interest, if any, to the redemption date. At
any time on or after the Par Call Date, the Company may redeem the Securities, in whole or in part at a redemption price equal
to 100% of the principal amount of the Securities being redeemed plus accrued and unpaid interest on the principal amount of the
Securities being redeemed to such redemption date. For purposes of optional redemption, interest will be calculated after the Interest
Rate Step Up Date at the Subsequent Rate of Interest, unless the Sustainability Performance Target has been satisfied and the Issuer
has provided the Satisfaction Notification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company may redeem the Securities,
in whole but not in part, at 100% of its principal amount plus accrued and unpaid interest and additional amounts, if any, at any
time upon the occurrence of specified events relating to Brazilian, Austrian or other relevant jurisdictions&rsquo; tax laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Yield to Worst: 3.100% (calculated as yield to October&nbsp;15,
2030)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Day Count: 30/360</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Treasury Benchmark: 0.875% due November&nbsp;15, 2030</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Treasury Benchmark Price and Yield: 99-24 and 0.901%</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Spread to U.S. Treasury Benchmark: 219.9 bps</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Settlement Date*: November&nbsp;19, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Minimum Denomination: U.S.$1,000 x U.S.$1,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Global Coordinators and Joint Bookrunners: BofA Securities,&nbsp;Inc.
and J.P. Morgan Securities LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Joint
Bookrunners: Banco Bradesco BBI S.A., Banco Safra S.A., acting through its Cayman Islands Branch, BNP Paribas Securities Corp.,
Credit Agricole Securities (USA) Inc., Goldman Sachs&nbsp;&amp; Co. </FONT>LLC,&nbsp;Itau BBA USA Securities,&nbsp;Inc., Mizuho
Securities USA LLC, Morgan Stanley&nbsp;&amp; Co. LLC, MUFG Securities Americas Inc., Rabo Securities USA,&nbsp;Inc., Santander
Investment Securities Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America,&nbsp;Inc., XP Investimentos Corretora de
C&acirc;mbio, T&iacute;tulos e Valores Mobili&aacute;rios S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Expected Notes Ratings**: S&amp;P: BBB- / Fitch: BBB-</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP: 86964WAJ1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ISIN: US86964WAJ18</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Listing:
The Company expects to list the Notes on the </FONT>New York Stock Exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">* We expect that delivery of the Notes
will be made to investors on or about November&nbsp;19, 2020, which will be the third business day following the date of pricing
of the Notes (such settlement being referred to as &ldquo;T+3&rdquo;). Under Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act
of 1934, as amended, trades in the secondary market generally are required to settle in two business days unless the parties to
any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on the date of pricing will be required,
by virtue of the fact that the Notes initially will settle in T+3, to specify alternate settlement arrangements to prevent a failed
settlement. Purchasers of the Notes who wish to trade Notes prior to the settlement date should consult their own advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">** A securities rating is not a recommendation
to buy, sell or hold securities and may be subject to revision or withdrawal at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The offer and sale of the securities to
which this final term sheet relates have been registered by Suzano Austria GmbH and Suzano S.A. by means of a registration statement
on Form&nbsp;F-3 (Registration Nos.&nbsp;333-236083, 333-236083-01 and 333-236083-02).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The issuer and the guarantor have filed
a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and other documents the issuer and the guarantor have filed
with the SEC for more complete information about the issuer, the guarantor and this offering. You may get these documents for free
by visiting the SEC Web site at www.sec.gov. Alternatively, the issuer, the guarantor or any underwriter participating in the offering
will arrange to send you the prospectus or any prospectus supplement for this offering if you request it by calling BofA Securities,&nbsp;Inc.
at +1-800-294-1322 or J.P. Morgan Securities LLC at 1-212&ndash;834-4533.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European
Economic Area (&ldquo;EEA&rdquo;) or the United Kingdom. For these purposes, a retail investor means a person who is one (or more)
of: (i)&nbsp;a retail client as defined in point (11) of Article&nbsp;4(1)&nbsp;of Directive 2014/65/EU (as amended, &ldquo;MiFID
II&rdquo;); or (ii)&nbsp;a customer within the meaning of Directive 2016/97/EU, where that customer would not qualify as a professional
client as defined in point (10)&nbsp;of Article&nbsp;4(1)&nbsp;of MiFID II. Consequently, no key information document required
by Regulation (EU) No 1286/2014 (as amended, the &lsquo;&lsquo;PRIIPs Regulation&rsquo;&rsquo;) for offering or selling the Notes
or otherwise making them available to retail investors in the EEA or in the United Kingdom has been prepared and therefore offering
or selling the Notes or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful
under the PRIIPS Regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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