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/product/detail/index/isin/CH0500221558
50022155 
Long Factor CertificateNetflix10x0.417365CHF12.6812.88
/product/detail/index/isin/CH0500221509
50022150 
Long Factor CertificateCommerzbank12x1.747638CHF0.790.82
/product/detail/index/isin/CH0500221376
50022137L10NXU
Long Factor CertificateNetflix10x0.415955CHF11.59--
/product/detail/index/isin/CH0500221350
50022135L5NFXU
Long Factor CertificateNetflix5x0.175861CHF10.2410.39
/product/detail/index/isin/CH0500221343
50022134L8BIDU
Long Factor CertificateBaidu Inc8x0.612579CHF8.829.12
/product/detail/index/isin/CH0500221327
50022132L8SASU
Long Factor CertificateSAP SE8x0.636741CHF10.5410.68
/product/detail/index/isin/CH0500221319
50022131L12DBU
Long Factor CertificateDeutsche Bank12x0.968152CHF0.550.60
/product/detail/index/isin/CH0500221368
50022136L8NFXU
Long Factor CertificateNetflix8x0.339707CHF12.02--
/product/detail/index/isin/CH0499190830
49919083 
Long Factor CertificateThe Swatch Grp Bearer8x0.201846CHF6.897.04
/product/detail/index/isin/CH0499190822
49919082L8UHRU
Long Factor CertificateThe Swatch Grp Bearer8x0.207899CHF7.177.32
/product/detail/index/isin/CH0499190814
49919081L12CSU
Long Factor CertificateCredit Suisse12x6.148416CHF6.466.56
/product/detail/index/isin/CH0503316496
50331649 
Long Factor CertificateAlphabet Inc. C10x0.098547CHF13.0713.27
/product/detail/index/isin/CH0503316504
50331650 
Long Factor CertificateStarbucks10x0.58035CHF4.884.98
/product/detail/index/isin/CH0503321751
50332175L12BYU
Long Factor CertificateBayer12x2.321749CHF14.0614.26
/product/detail/index/isin/CH0503311638
50331163L5CBKU
Long Factor CertificateCommerzbank5x5.07108CHF5.645.94
/product/detail/index/isin/CH0503311646
50331164L8CBKU
Long Factor CertificateCommerzbank8x6.800328CHF4.725.02
/product/detail/index/isin/CH0503311729
50331172 
Long Factor CertificateCommerzbank8x6.797442CHF4.694.72
/product/detail/index/isin/CH0503311711
50331171 
Long Factor CertificateCommerzbank5x5.068717CHF5.665.69
/product/detail/index/isin/CH0502940221
50294022 
Long Factor CertificateThe Swatch Grp Bearer12x0.427294CHF9.659.95
/product/detail/index/isin/CH0466042758
46604275FL10PU
Long Factor CertificateNVIDIA Corp10x0.051901CHF1.11--
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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.