As well as a three-match ban, Osvaldo was fined 40,000 pounds ($65,800) for his part in the incident which also saw Newcastle coach Andy Woodman sent to the stands.
Woodman was fined 1,250 pounds and warned about his future conduct after he admitted a charge of improper conduct.
Osvaldo will miss Saturday's third round FA Cup tie against second tier visitors Burnley as well as the league matches at home to West Bromwich Albion and away to Sunderland.
($1 = 0.6083 British pounds)
(Reporting by Martyn Herman; editing by Ken Ferris)
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