diff --git a/lld/wasm/InputChunks.cpp b/lld/wasm/InputChunks.cpp
--- a/lld/wasm/InputChunks.cpp
+++ b/lld/wasm/InputChunks.cpp
@@ -107,6 +107,13 @@
   for (const WasmRelocation &rel : relocations) {
     uint8_t *loc = buf + rel.Offset + off;
     uint32_t value = file->calcNewValue(rel);
+
+    // 'value' can be zero when relocating against non-live symbols. We should
+    // not generate a range-list terminator in this case.
+    if (value == 0 && getName() == ".debug_ranges") {
+      value = rel.Addend;
+    }
+
     LLVM_DEBUG(dbgs() << "apply reloc: type=" << relocTypeToString(rel.Type));
     if (rel.Type != R_WASM_TYPE_INDEX_LEB)
       LLVM_DEBUG(dbgs() << " sym=" << file->getSymbols()[rel.Index]->getName());