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/product/detail/index/isin/CH0547305661
54730566 
Long Factor CertificateSilver oz./USD15x8.863261CHF8.788.93
/product/detail/index/isin/CH0547305588
54730558L15SVU
Long Factor CertificateSilver oz./USD15x8.863261CHF9.5310.03
/product/detail/index/isin/CH0549251319
54925131 
Long Factor CertificateDeutsche Bank10x8.670909CHF9.009.20
/product/detail/index/isin/CH0533638661
53363866 
Long Factor CertificateUBS Group AG6x8.463822CHF16.8216.97
/product/detail/index/isin/CH0546349785
54634978 
Long Factor CertificateAdecco12x8.340284CHF40.03--
/product/detail/index/isin/CH0535918681
53591868 
Long Factor CertificateDeutsche Bank5x8.255476CHF16.0116.21
/product/detail/index/isin/CH0546347144
54634714L12UUU
Long Factor CertificateUBS Group AG12x8.25536CHF8.848.99
/product/detail/index/isin/CH0546349769
54634976L12ACU
Long Factor CertificateAdecco12x8.018748CHF38.45--
/product/detail/index/isin/CH0546381713
54638171L15POU
Long Factor CertificatePorsche15x8.013201CHF45.4047.40
/product/detail/index/isin/CH0546337624
54633762 
Long Factor CertificateCredit Suisse12x7.958825CHF9.229.37
/product/detail/index/isin/CH0546347136
54634713L12CCU
Long Factor CertificateCredit Suisse12x7.910435CHF9.179.32
/product/detail/index/isin/CH0550477985
55047798 
Short Factor CertificateCommerzbank8x7.789616CHF2.162.31
/product/detail/index/isin/CH0550472291
55047229S8COBU
Short Factor CertificateCommerzbank8x7.638325CHF1.882.38
/product/detail/index/isin/CH0546382372
54638237 
Long Factor CertificateBASF10x6.925245CHF49.8750.87
/product/detail/index/isin/CH0531805072
53180507L5UB9U
Long Factor CertificateUBS Group AG5x6.912222CHF16.2616.41
/product/detail/index/isin/CH0531804893
53180489L8LH9U
Long Factor CertificateLafargeHolcim8x6.869299CHF38.65--
/product/detail/index/isin/CH0546382430
54638243 
Long Factor CertificatePorsche12x6.852312CHF45.6446.64
/product/detail/index/isin/CH0546337616
54633761 
Long Factor CertificateCredit Suisse10x6.814776CHF8.999.14
/product/detail/index/isin/CH0546347128
54634712L10CRU
Long Factor CertificateCredit Suisse10x6.778751CHF8.949.09
/product/detail/index/isin/CH0535721069
53572106L5DBHU
Long Factor CertificateDeutsche Bank5x6.681565CHF12.9013.20
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UBS Factor Certificates

UBS Factor Certificates enable investors who are willing to take risks to participate disproportionately in the price performance of an underlying asset (e.g. equities, indices, commodities or currency pairs). The Long Factor Certificate targets rising prices, while the Short Factor Certificate converts falling prices into gains. Unlike other leverage products, such as warrants or mini-futures, the leverage factor remains constant. For example, a factor certificate (10x long) mirrors the daily performance of the underlying asset with a constant leverage of 10. This manner of functioning makes it possible to adjust the strike price and conversion ratio on a daily basis.

Of course, the product loses value disproportionately if the underlying asset moves in an adverse direction. As soon as the price of the underlying asset reaches the strike price or falls short of it (Long Factor Certificate) or exceeds it (Short Factor Certificate), a knock-out event occurs. In this case, the product expires without value with immediate effect and the holder suffers a total loss. However, there is no obligation to make margin calls, as is usual in forward transactions, for example.

In order to reduce the risk of loss in highly volatile market phases, the Factor Certificate includes a reset mechanism. This can be used in the event of strong price fluctuations in the course of a trading day (intraday). The crucial aspect is the reset barrier. It lies above the strike price in the case of the Long Factor Certificate, while it is positioned below the strike price for the short variant. If the underlying asset touches or breaches this reset barrier, the strike price is adjusted: downwards for a Long Factor Certificate or upwards in the case of a Short Factor Certificate. The conversion ratio is recalculated at the same time. In this way, a new trading day begins in simulation, in which the Factor Certificate starts with a likewise lower barrier (long) or higher barrier (short). However, this does not avert the risk of a knock-out.

Unlike warrants, volatility has hardly any impact on the performance of Factor Certificates. A further distinguishing feature is the unlimited duration.

The fact that the leverage effect of the Factor Certificate applies on a daily basis results in path dependency. If the underlying asset of a Long Factor Certificate trends upward or that of a Short Factor Certificate trends downward, the investor can benefit disproportionately and obtain higher returns, depending on the selected leverage. If, on the other hand, the underlying asset moves in a sideways market, investors are at risk of incurring losses. This is especially the case if the underlying asset floats around its starting price for a relatively long period of time.

Investors must also take the issuer risk into consideration, 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.