I take it that “one-semester suspension” means you will be, or will likely be, re-amitted after one semester.
If so, why are you “trying to transfer to another university” from “a top 20 university”? How does it help you in grad application?
Grad schools will ask you for transcripts from all schools you’ve attended after high school. If I were on ad com, I’d rather see a student being re-admitted than being transferred.