BRIEF-UBS Estimates $34.8 Bln Of 'Negative Goodwill' From Credit Suisse Buy -Sec Filing

UBS: * UBS FILES DOCUMENTS WITH U.S. SEC RELATED TO ITS TAKEOVER OF CREDIT SUISSE

* IN THE EVENT OF A TERMINATION FEE EVENT, CREDIT SUISSE MAY PAY UBS GROUP AG A TERMINATION FEE OF CHF 100 MILLION * IF DEAL TERMINATED DUE TO THIRD PARTY OFFER TO CS FOR MORE THAN 50% OF CS BUSINESS, CS TO PAY UBS FEE OF 50% OF PREMIUM FROM THIRD PARTY

* REDUCTION IN AUM AND DEPOSITS AT CS LIKELY LEAD TO SUBSTANTIAL LOSS IN CREDIT SUISSE'S WEALTH MANAGEMENT DIVISION IN Q2 2023 * CS WOULD ALSO EXPECT ITS INVESTMENT BANK AND CREDIT SUISSE GROUP TO REPORT SUBSTANTIAL LOSS BEFORE TAXES IN Q2 2023 AND IN 2023

* PRO FORMA NEGATIVE GOODWILL RESULTING FROM MERGER WITH CS $34.78 BILLION * NEGATIVE GOODWILL SCENARIOS RELATED TO CS DEAL FACTOR IN EITHER A 10% INCREASE OR 10% DECREASE IN CO'S SHARE PRICE FROM MAY 5

* SAYS FAIR VALUE OF NET ASSETS ACQUIRED IN CREDIT SUISSE DEAL $38.24 BILLION - SEC FILING * UBS AND CREDIT SUISSE MAY FACE LAWSUITS OVER THE TRANSACTION WHICH MAY RESULT IN SUBSTANTIAL COST Source text: (https://bit.ly/3BxPfxe) Further company coverage:

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