Open End Turbo Call WarrantRichemont36.165447 CHF54.91%1.7920:1Open endCHF2.262.27
Open End Turbo Call WarrantSonova52.205769 CHF67.77%1.4650:1Open endCHF2.232.24
Open End Turbo Call WarrantGivaudan522.58209 CHF72.94%1.36250:1Open endCHF5.765.77
Open End Turbo Call WarrantDAX7'844.578055 EUR38.09%2.61500:1Open endCHF10.5510.60
Open End Turbo Call WarrantS&P 500 Index1'813.047 USD25.35%3.87100:1Open endCHF6.066.07
Open End Turbo Call WarrantNetflix76.852351 USD49.39% 10:7Open endCHF52.850.00
Open End Turbo Call WarrantAlibaba58.63416 USD58.82%1.6810:1Open endCHF8.298.30
Open End Turbo Call WarrantDAX8'986.089952 EUR29.08%3.411000:1Open endCHF4.054.06
Open End Turbo Call WarrantSMI PR Index6'395.024 CHF29.52%3.36500:1Open endCHF5.405.41
Open End Turbo Call WarrantSMI PR Index6'560.081 CHF27.70%3.58500:1Open endCHF5.075.08
Open End Turbo Call WarrantLafargeHolcim34.127754 CHF39.49%2.4615:1Open endCHF1.541.55
Open End Turbo Call WarrantSwiss Re64.773842 CHF27.06%3.5520:1Open endCHF1.241.26
Open End Turbo Call WarrantSMI PR Index6'742.294 CHF25.69%3.86500:1Open endCHF4.704.71
Open End Turbo Call WarrantSMI PR Index6'873.89 CHF24.24%4.09500:1Open endCHF4.444.45
Open End Turbo Call WarrantSMI PR Index7'005.487 CHF22.79%4.34500:1Open endCHF4.184.19
Open End Turbo Call WarrantSMI PR Index7'137.073 CHF21.34%4.64500:1Open endCHF3.913.92
Open End Turbo Call WarrantSMI PR Index7'268.669 CHF19.89%4.97500:1Open endCHF3.653.66
Open End Turbo Call WarrantSMI PR Index7'400.266 CHF18.44%5.35500:1Open endCHF3.393.40
Open End Turbo Call WarrantABB15.623258 CHF35.97%2.745:1Open endCHF1.781.79
Open End Turbo Call WarrantABB16.798043 CHF31.16%3.155:1Open endCHF1.551.56
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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".