Chile were unchanged from the team that defeated the Ferns three days earlier.
The Ferns started brightly and enjoyed the better of the first half, carving out several good chances.
The best opportunity fell to Clegg in the 23rd minute with the forward put through on goal after some neat combination play, but she couldn’t find the net leaving the game goalless at the break.
Despite some good possession from the Ferns, it was Chile who opened the scoring in the 56th minute through Yanara Aedo.
Taylor put in a great tackle to deny a chance on goal but the ball rebounded to the Colo Colo forward for a good finish into the bottom corner from just outside the box.
The Ferns continued to create chances and in the 81st minute won a penalty, which Hassett stepped up to take.
Her initial shot was blocked by Lyon’s Christiane Endler in goal but Hassett was fastest to react to the rebound to score her 15th goal for the Ferns and bring it level.
A few moments later Rennie had to chance to win it after a Clegg cross found her on the edge of the six-yard box but her shot went over the bar after pressure from a Chilean defender.
Unfortunately the forward was injured in the process leaving the Ferns to close out the final moments of the game with 10 players.
Deep into injury time, with the game looking likely to end as a draw, Chile exploited their player advantage to find midfielder Karen Araya who scored from long range to win it.
Chile - 2 (Yanara Aedo 56′, Karen Araya 90+4′)
Football Ferns - 1 (Betsy Hassett 81′)
