Speeder

Underlying: CHINA LIFE INSURANCE CO LTD SSPA/EUSIPA Product Type: Outperformance Certificates (1310) Valor: 39704127 / ISIN: CH0397041275

Key figures

Strike absolute24.70 HKD
Participation200.00%
Sideways return-- / --
Spread-- / --
Days to expiryN/A
Settlementcash

Tax information Switzerland

Withholding taxNo
Swiss income taxNo
Stamp taxYes

Product calendar

Fixing date06.02.2018
Last trading date06.08.2018
Expiry06.08.2018

Cap information

Cap absolute27.4541 HKD
Distance to cap1)--

UBS Speeder

With UBS Speeder, investors with a moderate-to-high risk tolerance can position themselves on the markets for the short sprint. UBS Speeder, also known as "Capped Outperformance Certificates" are a variant of the classic leveraged PERLES. However, UBS Speeder has limited return opportunities. Participation in potential price gains of the underlying asset (e.g. index, equity, currency pair or precious metal) is carried out to the cap level and no further. Due to this limitation on gains, UBS Speeder typically has a higher participation rate compared to the leveraged PERLES when the prices of the underlying asset are rising.

If the prices of the underlying asset and the Certificate are the same at the time of entry, the downside risk of UBS Speeder is equivalent to that of a direct investment: if the price of the underlying asset at maturity trades below the strike price, a cash settlement is usually made that reflects the price drop of the underlying asset. In this case, the capital invested is lost, as in a direct investment. In addition, the issuer risk must be taken into consideration, since the capital invested could be lost if UBS AG becomes insolvent – irrespective of the performance of the underlying asset.

A more detailed product description is available in our brochure "Knowledge in a nutshell".

1) N/A