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/product/detail/index/isin/CH0503311711
50331171 
Long Factor CertificateCommerzbank5x5.068717CHF6.006.01
/product/detail/index/isin/CH0503311729
50331172 
Long Factor CertificateCommerzbank8x6.797442CHF5.125.13
/product/detail/index/isin/CH0502940221
50294022 
Long Factor CertificateThe Swatch Grp Bearer12x0.427294CHF9.7910.13
/product/detail/index/isin/CH0466042758
46604275FL10PU
Long Factor CertificateNVIDIA Corp10x0.051901CHF1.02--
/product/detail/index/isin/CH0466042899
46604289L8VISU
Long Factor CertificateVisa8x0.882311CHF19.0920.09
/product/detail/index/isin/CH0466042725
46604272FL12GU
Long Factor CertificateAlibaba12x0.004162CHF0.11--
/product/detail/index/isin/CH0466043087
46604308L5CONU
Long Factor CertificateContinental5x0.072735CHF1.881.91
/product/detail/index/isin/CH0466043152
46604315L5BASU
Long Factor CertificateBASF5x0.525185CHF7.917.94
/product/detail/index/isin/CH0466043202
46604320L8PORU
Long Factor CertificatePorsche8x1.031342CHF9.369.56
/product/detail/index/isin/CH0466043095
46604309L5WIRU
Long Factor CertificateWirecard AG5x0.008948CHF0.190.20
/product/detail/index/isin/CH0466043186
46604318L8DAIU
Long Factor CertificateDaimler8x0.261074CHF1.781.83
/product/detail/index/isin/CH0466043129
46604312L5PORU
Long Factor CertificatePorsche5x0.888913CHF12.9813.18
/product/detail/index/isin/CH0466042949
46604294L12VWU
Long Factor CertificateVolkswagen VZ12x0.28701CHF4.804.85
/product/detail/index/isin/CH0466043103
46604310L5DAIU
Long Factor CertificateDaimler5x0.462515CHF5.005.10
/product/detail/index/isin/CH0466043236
46604323L8BASU
Long Factor CertificateBASF8x0.46297CHF4.374.40
/product/detail/index/isin/CH0466043178
46604317L8WIRU
Long Factor CertificateWirecard AG8x0.000045CHF0.000.02
/product/detail/index/isin/CH0478937904
47893790L4SMIU
Long Factor CertificateSMI PR Index4x0.005051CHF13.1213.16
/product/detail/index/isin/CH0478937920
47893792L6SMIU
Long Factor CertificateSMI PR Index6x0.008389CHF14.5014.56
/product/detail/index/isin/CH0496874535
49687453L12USU
Long Factor CertificateUBS Group AG12x10.71144CHF11.2311.43
/product/detail/index/isin/CH0496874543
49687454L10SAU
Long Factor CertificateThe Swatch Grp Bearer10x0.137297CHF3.783.88
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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.