Leveraged PERLES Plus

Underlying: Novartis SSPA/EUSIPA Product Type: Outperformance Bonus Certificates (1330) Valor: 18683827 / ISIN: CH0186838279

Last update 07.12.2016
  • Bid

    90.45 CHF
    Volume: --

  • Ask

    91.10 CHF
    Volume: --

Key figures

Strike absolute100.00 CHF
Spread0.65 CHF / 0.71%
Days to expiry167

Tax information Switzerland

Withholding taxNo
Swiss income taxYes
EU savings tax--
Stamp taxYes

Product calendar

Fixing date24.05.2012
Last trading date24.05.2017
Barrier touch dateNot touched

Barrier information

Barrier85.00 CHF
Distance barrier levelN/A
Barrier touchedNo

SSPA risk figures

SSPA risk classHigh (5)
SSPA VaR20.48%
SSPA risk calculated on05.12.2016

UBS Leveraged PERLES Plus

With UBS Leveraged PERLES Plus (PERformance Linked Equity Securities), also known as out performance certificates, you can apply leverage, since UBS Leveraged PERLES Plus offers you the chance to participate disproportionately and without restriction in rising prices of the underlying asset (e.g. an equity, an index or a currency pair). This means that as of a predefined price level (the so-called strike level) participation in a potentially rising price performance is higher than 100%. The exact performance rate varies depending on the product features and is fixed per issue.

UBS Leveraged PERLES Plus has conditional partial protection compared to normal UBS Leveraged PERLES. As long as an additionally included safety threshold (kick-out level) is not reached during the term, you recoup at least the capital invested on the due date. The partial protection only ceases to apply if a threshold is breached and the product behaves like a normal UBS Leveraged PERLES as of the due date. In this case, there is a risk of losses if the underlying prices are below the strike level, as the certificate is redeemed at the end of the term at the underlying asset’s countervalue. However, if the underlying asset exceeds the strike level again, there is still a chance of disproportionately participating in potential prices gains of the underlying asset.

UBS Leveraged PERLES Plus are suitable for investors with a medium to high risk preference. Investors must take the issuer risk into consideration, since loss of the invested capital could occur if UBS AG becomes insolvent, regardless of the performance of the underlying asset.