Open End Turbo Call WarrantRichemont36.290674 CHF56.43%1.7520:1Open endCHF2.402.41
Open End Turbo Call WarrantSonova52.387672 CHF67.62%1.4750:1Open endCHF2.212.22
Open End Turbo Call WarrantGivaudan524.402949 CHF73.20%1.36250:1Open endCHF5.815.82
Open End Turbo Call WarrantS&P 500 Index1'816.963 USD25.18%3.94100:1Open endCHF5.955.96
Open End Turbo Call WarrantNetflix77.350661 USD53.62% 10:7Open endCHF60.60--
Open End Turbo Call WarrantAlibaba59.014344 USD65.13%1.5210:1Open endCHF10.8010.85
Open End Turbo Call WarrantDAX9'022.12097 EUR25.61%3.871000:1Open endCHF3.563.57
Open End Turbo Call WarrantSMI PR Index6'420.972 CHF28.06%3.54500:1Open endCHF5.055.06
Open End Turbo Call WarrantSMI PR Index6'586.733 CHF26.21%3.78500:1Open endCHF4.724.73
Open End Turbo Call WarrantLafargeHolcim34.27331 CHF40.91%2.4015:1Open endCHF1.601.62
Open End Turbo Call WarrantSwiss Re65.050105 CHF26.12%3.7220:1Open endCHF1.181.19
Open End Turbo Call WarrantSMI PR Index6'769.723 CHF24.16%4.10500:1Open endCHF4.354.36
Open End Turbo Call WarrantSMI PR Index6'901.881 CHF22.67%4.36500:1Open endCHF4.094.10
Open End Turbo Call WarrantSMI PR Index7'034.038 CHF21.19%4.67500:1Open endCHF3.823.83
Open End Turbo Call WarrantSMI PR Index7'166.186 CHF19.71%5.01500:1Open endCHF3.563.57
Open End Turbo Call WarrantSMI PR Index7'298.344 CHF18.23%5.41500:1Open endCHF3.303.31
Open End Turbo Call WarrantSMI PR Index7'430.501 CHF16.75%5.89500:1Open endCHF3.033.04
Open End Turbo Call WarrantABB15.689892 CHF28.81%3.375:1Open endCHF1.311.32
Open End Turbo Put WarrantAryzta44.832837 CHF40.98%2.2320:1Open endCHF0.680.70
Open End Turbo Call WarrantBB Biotech41.678121 CHF29.48%3.2725:1Open endCHF0.720.73
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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".