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/product/detail/index/isin/CH0513972718
51397271L8WCDU
Long Factor CertificateWirecard AG8x0.735081CHF12.7413.24
/product/detail/index/isin/CH0503311711
50331171 
Long Factor CertificateCommerzbank5x9.51693CHF12.8712.90
/product/detail/index/isin/CH0508416341
50841634 
Long Factor CertificateMcDonald's10x0.676691CHF14.6114.91
/product/detail/index/isin/CH0449366563
44936656 
Long Factor CertificateUBS Group AG8x3.223798CHF3.9854.085
/product/detail/index/isin/CH0449366902
44936690FL5LOU
Long Factor CertificateLonza5x0.265784CHF22.4022.60
/product/detail/index/isin/CH0462169027
46216902 
Long Factor CertificateAlibaba5x0.30366CHF11.3611.41
/product/detail/index/isin/CH0462555647
46255564FL12RU
Long Factor CertificateRoche12x1.512398CHF41.9742.47
/product/detail/index/isin/CH0449360046
44936004OFIAEU
Long Factor CertificateCredit Suisse10x3.229662CHF3.733.78
/product/detail/index/isin/CH0466042758
46604275FL10PU
Long Factor CertificateNVIDIA Corp10x0.552786CHF10.92--
/product/detail/index/isin/CH0462171643
46217164FL5NVU
Long Factor CertificateNVIDIA Corp5x1.429285CHF71.5572.05
/product/detail/index/isin/CH0466042949
46604294L12VWU
Long Factor CertificateVolkswagen VZ12x0.064411CHF0.940.96
/product/detail/index/isin/CH0466043178
46604317L8WIRU
Long Factor CertificateWirecard AG8x0.000055CHF0.0010.02
/product/detail/index/isin/CH0466044416
46604441 
Long Factor CertificateDaimler5x0.224391CHF1.972.03
/product/detail/index/isin/CH0466050058
46605005 
Long Factor CertificateBASF8x0.170684CHF1.321.38
/product/detail/index/isin/CH0449359972
44935997OCBNHU
Long Factor CertificateUBS Group AG5x4.009062CHF8.919.01
/product/detail/index/isin/CH0462171650
46217165FL5NFU
Long Factor CertificateNetflix5x0.057531CHF4.224.27
/product/detail/index/isin/CH0466050025
46605002 
Long Factor CertificatePorsche8x0.518526CHF4.144.44
/product/detail/index/isin/CH0466043186
46604318L8DAIU
Long Factor CertificateDaimler8x0.064144CHF0.37--
/product/detail/index/isin/CH0478937888
47893788L5TEMU
Long Factor CertificateTemenos5x0.038334CHF1.241.26
/product/detail/index/isin/CH0484087157
48408715 
Long Factor CertificateDeutsche Telekom5x3.383895CHF11.7511.78
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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.