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/product/detail/index/isin/CH0462170991
46217099 
Long Factor CertificateFacebook10x0.100152CHF1.471.49
/product/detail/index/isin/CH0462181154
46218115FL8BYU
Long Factor CertificateBayer8x0.063321CHF0.630.64
/product/detail/index/isin/CH0462555837
46255583 
Long Factor CertificateABB12x0.589945CHF0.900.92
/product/detail/index/isin/CH0462555860
46255586 
Long Factor CertificateAdecco12x0.200553CHF0.890.99
/product/detail/index/isin/CH0462164911
46216491 
Long Factor CertificateAlphabet Inc. C5x0.037683CHF9.099.14
/product/detail/index/isin/CH0462181105
46218110FL8VWU
Long Factor CertificateVolkswagen VZ8x0.502479CHF11.7811.88
/product/detail/index/isin/CH0462555613
46255561FL12BU
Long Factor CertificateUBS Group AG12x0.657071CHF0.590.60
/product/detail/index/isin/CH0466050009
46605000 
Long Factor CertificateDaimler8x0.285127CHF1.861.95
/product/detail/index/isin/CH0466044390
46604439 
Long Factor CertificateContinental5x0.082103CHF2.102.13
/product/detail/index/isin/CH0462555688
46255568FL12IU
Long Factor CertificateSwiss Re12x1.226978CHF10.3010.50
/product/detail/index/isin/CH0462555738
46255573FL12EU
Long Factor CertificateNestlé12x2.692328CHF22.70523.005
/product/detail/index/isin/CH0466044465
46604446 
Long Factor CertificateBASF5x0.486048CHF7.097.24
/product/detail/index/isin/CH0470046449
47004644 
Long Factor CertificateBayer12x0.437141CHF2.542.69
/product/detail/index/isin/CH0470829356
47082935 
Long Factor CertificateDAX25x0.002449CHF1.4461.448
/product/detail/index/isin/CH0470829927
47082992 
Long Factor CertificateNASDAQ 100 Index23x0.00015CHF0.050.051
/product/detail/index/isin/CH0470829943
47082994 
Long Factor CertificateNASDAQ 100 Index25x0.000026CHF0.0110.02
/product/detail/index/isin/CH0470830032
47083003 
Long Factor CertificateDow Jones Industrial Average Index22x0.001005CHF0.9790.981
/product/detail/index/isin/CH0471860483
47186048 
Long Factor CertificateBayer10x0.475416CHF3.333.48
/product/detail/index/isin/CH0471859923
47185992L12BRU
Long Factor CertificateBayer12x0.257993CHF1.591.62
/product/detail/index/isin/CH0475520802
47552080L20SMU
Long Factor CertificateSMI PR Index25x0.007156CHF2.452.48
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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.