Open End Turbo Call WarrantRichemont35.71948 CHF47.08%2.0820:1Open endCHF1.621.64
Open End Turbo Call WarrantSonova53.036196 CHF54.40%1.7950:1Open endCHF1.301.32
Open End Turbo Call WarrantGivaudan552.259911 CHF68.96%1.44250:1Open endCHF5.015.02
Open End Turbo Call WarrantDAX7'706.091 EUR30.03%3.30500:1Open endCHF7.167.25
Open End Turbo Call WarrantS&P 500 Index1'736.225 USD22.54%4.45100:1Open endCHF5.045.05
Open End Turbo Call WarrantS&P 500 Index1'768.48 USD21.10%4.76100:1Open endCHF4.714.72
Open End Turbo Call WarrantS&P 500 Index1'800.736 USD19.66%5.11100:1Open endCHF4.394.40
Open End Turbo Call WarrantFacebook70.962941 USD39.84%2.4910:1Open endCHF4.774.78
Open End Turbo Call WarrantFacebook73.113333 USD38.01%2.6110:1Open endCHF4.564.57
Open End Turbo Call WarrantApple87.565522 USD21.13%4.6610:1Open endCHF2.392.40
Open End Turbo Call WarrantApple89.715914 USD19.20%5.1310:1Open endCHF2.172.18
Open End Turbo Put WarrantS&P 500 Index2'326.701 USD3.81%24.15100:1Open endCHF0.920.93
Open End Turbo Put WarrantApple130.956572 USD17.95%5.3910:1Open endCHF2.052.06
Open End Turbo Put WarrantApple135.748224 USD22.26%4.3810:1Open endCHF2.532.54
Open End Turbo Put WarrantApple140.539876 USD26.58%3.6810:1Open endCHF3.013.02
Open End Turbo Put WarrantApple145.331528 USD30.89%3.1610:1Open endCHF3.503.51
Open End Turbo Put WarrantAmgen176.599142 USD25.08%3.8910:1Open endCHF3.623.63
Open End Turbo Call WarrantAmazon.com379.190922 USD50.78%1.9610:1Open endCHF39.5039.55
Open End Turbo Call WarrantAmazon.com400.257084 USD48.05%2.0710:1Open endCHF37.3537.40
Open End Turbo Call WarrantAmazon.com421.323246 USD45.31%2.2010:1Open endCHF35.2535.30
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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".