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/product/detail/index/isin/CH0533638687
53363868 
Long Factor CertificateUBS Group AG10x6.640578CHF8.188.33
/product/detail/index/isin/CH0548015970
54801597 
Short Factor CertificateCredit Suisse12x6.481866CHF2.863.08
/product/detail/index/isin/CH0540336275
54033627 
Long Factor CertificateSilver oz./USD10x6.437261CHF10.49410.594
/product/detail/index/isin/CH0540336077
54033607L10XGU
Long Factor CertificateSilver oz./USD10x6.43526CHF10.3810.68
/product/detail/index/isin/CH0531805098
53180509L10U9U
Long Factor CertificateUBS Group AG10x6.375143CHF7.858.00
/product/detail/index/isin/CH0533637366
53363736 
Long Factor CertificateCredit Suisse6x6.361009CHF12.0212.17
/product/detail/index/isin/CH0548015863
54801586S12CDU
Short Factor CertificateCredit Suisse12x6.310853CHF2.752.90
/product/detail/index/isin/CH0533637408
53363740 
Long Factor CertificateLafargeHolcim12x6.222242CHF24.53--
/product/detail/index/isin/CH0531804844
53180484L6CS9U
Long Factor CertificateCredit Suisse6x6.22156CHF11.7811.88
/product/detail/index/isin/CH0533637358
53363735 
Long Factor CertificateCredit Suisse5x6.182772CHF13.7013.80
/product/detail/index/isin/CH0546382422
54638242 
Long Factor CertificateDaimler15x6.120526CHF29.7030.20
/product/detail/index/isin/CH0545779016
54577901L15SMU
Long Factor CertificateSiemens15x6.10297CHF58.1559.15
/product/detail/index/isin/CH0531804836
53180483L5CS9U
Long Factor CertificateCredit Suisse5x6.068505CHF13.4513.55
/product/detail/index/isin/CH0545772946
54577294 
Long Factor CertificateBASF15x6.012058CHF31.2931.79
/product/detail/index/isin/CH0531804901
53180490L12L9U
Long Factor CertificateLafargeHolcim12x5.974096CHF24.01--
/product/detail/index/isin/CH0545779693
54577969 
Long Factor CertificateSiemens15x5.95572CHF56.7457.74
/product/detail/index/isin/CH0531804786
53180478L8AB9U
Long Factor CertificateABB8x5.891332CHF16.4816.58
/product/detail/index/isin/CH0545778778
54577877L15BFU
Long Factor CertificateBASF15x5.864383CHF30.4030.90
/product/detail/index/isin/CH0533637309
53363730 
Long Factor CertificateABB8x5.842255CHF16.4016.50
/product/detail/index/isin/CH0546381705
54638170L12POU
Long Factor CertificatePorsche12x5.691823CHF39.6540.65
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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.