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/product/detail/index/isin/CH0533376031
53337603 
Long Factor CertificateDeutsche Telekom8x1.284473CHF2.30--
/product/detail/index/isin/CH0533363369
53336336 
Long Factor CertificateAmazon.com10x0.011261CHF2.50--
/product/detail/index/isin/CH0535924978
53592497 
Long Factor CertificateNetflix5x0.146584CHF12.5612.61
/product/detail/index/isin/CH0535918673
53591867 
Long Factor CertificateDaimler5x2.663339CHF20.2921.19
/product/detail/index/isin/CH0535924705
53592470 
Short Factor CertificateTesla Inc5x0.000005CHF0.001--
/product/detail/index/isin/CH0533637499
53363749 
Long Factor CertificateSMI PR Index12x0.011163CHF7.757.95
/product/detail/index/isin/CH0533637481
53363748 
Long Factor CertificateSMI PR Index10x0.01058CHF9.079.27
/product/detail/index/isin/CH0533637507
53363750 
Long Factor CertificateSMI PR Index15x0.008465CHF4.464.66
/product/detail/index/isin/CH0533637473
53363747 
Long Factor CertificateSMI PR Index8x0.009057CHF9.9810.18
/product/detail/index/isin/CH0535918236
53591823 
Long Factor CertificateNASDAQ 100 Index12x0.020926CHF16.8316.93
/product/detail/index/isin/CH0535925124
53592512 
Long Factor CertificateStarbucks5x1.120354CHF17.7217.92
/product/detail/index/isin/CH0535924812
53592481 
Long Factor CertificateAlphabet Inc. C5x0.052081CHF14.2914.39
/product/detail/index/isin/CH0535918178
53591817 
Long Factor CertificateDAX15x0.023423CHF20.9521.00
/product/detail/index/isin/CH0535918210
53591821 
Long Factor CertificateDAX4x0.00499CHF15.8315.84
/product/detail/index/isin/CH0535925231
53592523 
Long Factor CertificateVisa5x0.316326CHF11.5611.86
/product/detail/index/isin/CH0535918103
53591810 
Long Factor CertificateDow Jones Industrial Average Index15x0.001693CHF3.633.66
/product/detail/index/isin/CH0535918343
53591834 
Long Factor CertificateEuro STOXX 50 Price Index10x0.052986CHF17.7917.84
/product/detail/index/isin/CH0535918152
53591815 
Long Factor CertificateDow Jones Industrial Average Index6x0.002758CHF12.6012.65
/product/detail/index/isin/CH0535918335
53591833 
Long Factor CertificateEuro STOXX 50 Price Index12x0.055069CHF15.5015.55
/product/detail/index/isin/CH0535918327
53591832 
Long Factor CertificateEuro STOXX 50 Price Index15x0.04011CHF9.119.16
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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.