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/product/detail/index/isin/CH0460006445
46000644AAATFU
Swisscom7.16%7.74% p.a.05.08.2020CHF454.75456.50
/product/detail/index/isin/CH0475019714
47501971BLCUUU
Swiss Re-0.21%--09.11.2020CHF67.7068.00
/product/detail/index/isin/CH0482618631
48261863BLASCU
Biogen25.52%2.98% p.a.19.06.2020USD222.13224.53
/product/detail/index/isin/CH0482624696
48262469BMYBLU
Bristol-Myers Squibb19.02%2.43% p.a.23.06.2020USD48.4148.91
/product/detail/index/isin/CH0482624704
48262470GILBLU
Gilead8.48%31.37% p.a.23.06.2020USD67.8068.55
/product/detail/index/isin/CH0485096355
48509635FARISU
Barrick Gold25.33%6.39% p.a.09.07.2020USD17.6917.86
/product/detail/index/isin/CH0487348432
48734843BLGOLU
Barrick Gold24.00%9.52% p.a.04.08.2020USD17.9818.18
/product/detail/index/isin/CH0487349380
48734938 
Gilead15.17%11.37% p.a.06.08.2020USD62.8963.54
/product/detail/index/isin/CH0490248413
49024841BLBIOU
Biogen24.06%3.50% p.a.14.07.2020USD226.39228.94
/product/detail/index/isin/CH0490250302
49025030BLOAMU
Amgen20.19%2.17% p.a.17.07.2020USD177.51179.43
/product/detail/index/isin/CH0490256010
49025601BLIBMU
IBM-0.78%--22.07.2020USD124.87126.52
/product/detail/index/isin/CH0492621906
49262190BCINDU
Bristol-Myers Squibb18.01%6.72% p.a.11.09.2020USD48.9849.52
/product/detail/index/isin/CH0492627531
49262753BNOVNU
Novartis2.62%9.04% p.a.15.09.2020CHF79.8580.25
/product/detail/index/isin/CH0492628299
49262829FCBCNU
Alibaba22.22%7.52% p.a.15.09.2020USD154.50156.48
/product/detail/index/isin/CH0492628547
49262854 
MSCI Emerging Markets Index4.71%25.90% p.a.19.06.2020USD873.45883.68
/product/detail/index/isin/CH0492628935
49262893BLGLDU
Barrick Gold15.26%26.33% p.a.26.08.2020USD20.0620.27
/product/detail/index/isin/CH0495580364
49558036BLGEBU
Geberit7.73%12.01% p.a.20.08.2020CHF430.75433.00
/product/detail/index/isin/CH0495580588
49558058BLBMYU
Bristol-Myers Squibb22.27%4.95% p.a.20.08.2020USD46.4346.95
/product/detail/index/isin/CH0498264842
49826484BLALEU
Geberit7.31%12.90% p.a.03.09.2020CHF433.00435.00
/product/detail/index/isin/CH0498273918
49827391BBARNU
Barry Callebaut2.65%8.58% p.a.22.09.2020CHF1'860.001'874.00
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Discount certificate (UBS BLOC)

A UBS BLOC (Buy Low Or Cash), also known as a discount certificate, enables investors with a moderate-to-high risk tolerance to obtain a price reduction when purchasing a selected underlying asset (e.g. index, equity, currency pair or precious metal). The more favorable entry results in a return benefit so that attractive returns are possible even in a sideways moving market.

Participating in price increases is limited: as soon as the price of the underlying asset trades at or above the cap level at maturity, the UBS BLOC will yield the anticipated return. The price reduction granted at the beginning results in investors benefiting from a safety buffer. Buyers of a UBS BLOC are almost always in a better position when the prices of the underlying asset fall than direct investors are, as they usually suffer fewer losses in terms of percentage.

However, the reduction in price is not full protection at maturity. If the underlying asset trades below the purchase price paid for the certificate there will be a loss in the capital invested. If the underlying asset closes below the cap level at maturity, the repayment is linked directly to the price of the underlying asset. The investor is then either paid the value of the underlying asset or the cash value of the underlying asset adjusted by the subscription ratio. In addition, the issuer risk must be taken into consideration, since the invested capital 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".