Bid
Ask
/product/detail/index/isin/CH0449359956
44935995OCBRGU
Long Factor CertificateThe Swatch Grp Bearer8x0.023756CHF0.800.82
/product/detail/index/isin/CH0449366522
44936652 
Long Factor CertificateThe Swatch Grp Bearer8x0.023756CHF0.780.84
/product/detail/index/isin/CH0520488906
52048890S15STU
Short Factor CertificateEuro STOXX 50 Price Index15x0.02339CHF6.136.23
/product/detail/index/isin/CH0489593910
48959391S8WIDU
Short Factor CertificateWirecard AG8x0.023371CHF0.440.46
/product/detail/index/isin/CH0489590569
48959056 
Short Factor CertificateWirecard AG8x0.023358CHF0.370.40
/product/detail/index/isin/CH0505520160
50552016S8WICU
Short Factor CertificateWirecard AG8x0.023212CHF0.440.46
/product/detail/index/isin/CH0501557679
50155767 
Long Factor CertificateEuro STOXX 50 Price Index18x0.023075CHF5.695.71
/product/detail/index/isin/CH0489600129
48960012 
Long Factor CertificateNetflix5x0.022844CHF1.541.57
/product/detail/index/isin/CH0520494292
52049429L15SPU
Long Factor CertificateS&P 500 Index15x0.02279CHF4.494.50
/product/detail/index/isin/CH0520494615
52049461 
Long Factor CertificateS&P 500 Index15x0.022783CHF4.964.97
/product/detail/index/isin/CH0489599909
48959990 
Short Factor CertificateFacebook10x0.022628CHF0.43--
/product/detail/index/isin/CH0508410443
50841044S8NVAU
Short Factor CertificateNVIDIA Corp8x0.022462CHF0.750.76
/product/detail/index/isin/CH0508410617
50841061 
Short Factor CertificateNVIDIA Corp8x0.022402CHF0.620.65
/product/detail/index/isin/CH0499190632
49919063L20SIU
Long Factor CertificateSMI PR Index20x0.022357CHF12.9113.01
/product/detail/index/isin/CH0501557661
50155766 
Long Factor CertificateEuro STOXX 50 Price Index15x0.022303CHF6.506.52
/product/detail/index/isin/CH0518357501
51835750 
Short Factor CertificateEuro STOXX 50 Price Index15x0.022269CHF5.405.42
/product/detail/index/isin/CH0519079831
51907983S5TSAU
Short Factor CertificateTesla Inc5x0.022258CHF2.422.43
/product/detail/index/isin/CH0505529690
50552969S12ASU
Short Factor Certificateadidas12x0.022236CHF0.600.61
/product/detail/index/isin/CH0501557687
50155768 
Long Factor CertificateEuro STOXX 50 Price Index20x0.021943CHF4.934.95
/product/detail/index/isin/CH0516949341
51694934 
Long Factor CertificateNASDAQ 100 Index18x0.021455CHF11.3811.40
  • 10 per page
  • 20 per page
  • 50 per page
  • 100 per page

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.