Open End Turbo Call WarrantRichemont35.848698 CHF58.09%1.7020:1Open endCHF2.522.54
Open End Turbo Call WarrantSonova51.77805 CHF71.76%1.3850:1Open endCHF2.662.67
Open End Turbo Call WarrantGivaudan497.295393 CHF79.05%1.26250:1Open endCHF7.577.58
Open End Turbo Call WarrantDAX8'254.761166 EUR35.29%2.81500:1Open endCHF10.4510.55
Open End Turbo Call WarrantS&P 500 Index1'835.53 USD34.64%2.88100:1Open endCHF9.759.76
Open End Turbo Call WarrantNetflix80.373401 USD78.49% 10:7Open endCHF207.10--
Open End Turbo Call WarrantAlibaba61.465038 USD67.90%1.4710:1Open endCHF13.0513.10
Open End Turbo Call WarrantDAX9'320.568009 EUR26.93%3.691000:1Open endCHF4.0254.034
Open End Turbo Call WarrantSMI PR Index6'370.62 CHF28.62%3.47500:1Open endCHF5.155.16
Open End Turbo Call WarrantSMI PR Index6'540.588 CHF26.71%3.71500:1Open endCHF4.814.82
Open End Turbo Call WarrantLafargeHolcim33.133535 CHF30.57%3.1815:1Open endCHF1.001.01
Open End Turbo Call WarrantSwiss Re63.429832 CHF28.84%3.3820:1Open endCHF1.321.33
Open End Turbo Call WarrantSMI PR Index6'728.221 CHF24.61%4.03500:1Open endCHF4.434.44
Open End Turbo Call WarrantSMI PR Index6'863.733 CHF23.09%4.28500:1Open endCHF4.174.18
Open End Turbo Call WarrantSMI PR Index6'999.245 CHF21.57%4.59500:1Open endCHF3.893.90
Open End Turbo Call WarrantSMI PR Index7'134.746 CHF20.06%4.93500:1Open endCHF3.623.63
Open End Turbo Call WarrantSMI PR Index7'270.258 CHF18.54%5.32500:1Open endCHF3.353.36
Open End Turbo Call WarrantSMI PR Index7'405.77 CHF17.02%5.79500:1Open endCHF3.083.09
Open End Turbo Call WarrantABB15.57701 CHF28.87%3.335:1Open endCHF1.321.33
Open End Turbo Call WarrantABB16.787124 CHF23.35%4.075:1Open endCHF1.0781.09
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Warrant with knock-out (UBS Turbo Warrants)

In the case of UBS Turbo Warrants, also known as Turbos, the name says it all. With these investment instruments, investors who are willing to take risks can shift into turbo and considerably increase their yield potential. Call Turbos speculate on rising and Put Turbos on falling prices of the underlying asset (e.g. equities, indices, currency pairs, interest rates, commodities). During the term, the strike for Call Turbos is below the price of the underlying asset and for Put Turbos it is above it.

Turbos are less expensive than Vanilla Warrants and thus generally provide more leverage. However, investors have to pay a price for the opportunity to earn higher returns in the form of increased risk, as the strike also acts as a stop loss marker and is therefore also referred to as a knock-out barrier. This barrier should not be reached or exceeded. If an investor bets on rising prices by buying a Turbo Call Warrant and the underlying asset hits or breaches the barrier, the Turbo Call Warrant expires immediately without value – its term ends prematurely. A Turbo Put Warrant on the other hand is geared towards falling markets. If the underlying asset belies expectations and moves to or above the barrier, the Turbo Warrant has to be written off as worthless. In other words, in the case of UBS Turbos, breach of a barrier amounts to a total loss of the capital invested.

In addition, investors must take into consideration the issuer risk, since loss of the invested capital could occur if UBS AG becomes insolvent, regardless of the performance of the underlying asset and other market parameters.

You can find a more detailed product description in our brochure "Knowledge in a nutshell".