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/product/detail/index/isin/CH0534716581
53471658BUBUAU
Alphabet Inc. C36.54%2.95% p.a.01.04.2021USD918.50929.50
/product/detail/index/isin/CH0507201314
50720131 
Logitech36.34%1.23% p.a.13.11.2020CHF38.6738.82
/product/detail/index/isin/CH0504271955
50427195BMSFTU
Microsoft32.65%2.36% p.a.30.10.2020USD137.48138.92
/product/detail/index/isin/CH0492628299
49262829FCBCNU
Alibaba28.79%2.41% p.a.15.09.2020USD157.25159.23
/product/detail/index/isin/CH0526180887
52618088BLAMZU
Amazon.com28.24%5.72% p.a.24.02.2021USD2'053.002'074.00
/product/detail/index/isin/CH0550136292
55013629 
MSCI Emerging Markets Index28.26%2.49% p.a.18.12.2020USD733.82741.15
/product/detail/index/isin/CH0546337921
54633792GUILUU
Barrick Gold25.01%12.87% p.a.01.06.2021USD19.5819.70
/product/detail/index/isin/CH0530140182
53014018AUBUCU
LafargeHolcim24.69%4.29% p.a.12.03.2021CHF31.9032.05
/product/detail/index/isin/CH0495580588
49558058BLBMYU
Bristol-Myers Squibb20.54%8.20% p.a.20.08.2020USD46.4846.99
/product/detail/index/isin/CH0552946680
55294668SEIKUU
Barrick Gold20.29%17.52% p.a.23.06.2021USD20.8220.94
/product/detail/index/isin/CH0492628935
49262893BLGLDU
Barrick Gold19.57%12.45% p.a.26.08.2020USD20.9221.13
/product/detail/index/isin/CH0531756531
53175653BVUVUU
Vifor Pharma AG17.69%7.22% p.a.22.03.2021CHF118.00118.90
/product/detail/index/isin/CH0507199054
50719905BGIUIU
Gilead17.24%8.46% p.a.05.11.2020USD62.4863.19
/product/detail/index/isin/CH0538500916
53850091FRUTUU
Barrick Gold16.25%23.95% p.a.13.04.2021USD21.7622.00
/product/detail/index/isin/CH0492621906
49262190BCINDU
Bristol-Myers Squibb16.22%10.11% p.a.11.09.2020USD49.0049.55
/product/detail/index/isin/CH0487349380
48734938 
Gilead15.51%7.34% p.a.06.08.2020USD63.8664.51
/product/detail/index/isin/CH0538500148
53850014ROUUUU
Roche13.85%5.42% p.a.08.04.2021CHF281.75283.25
/product/detail/index/isin/CH0500508798
50050879BRONSU
Roche12.56%3.61% p.a.30.09.2020CHF286.00287.50
/product/detail/index/isin/CH0502672667
50267266TUIUUU
TUI AG10.87%14.92% p.a.26.04.2021EUR3.713.83
/product/detail/index/isin/CH0509382674
50938267BROSOU
Roche10.81%6.07% p.a.19.11.2020CHF292.00293.25
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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".