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/product/detail/index/isin/CH0501616657
50161665 
Long Factor CertificateSMI PR Index18x0.010806CHF6.296.39
/product/detail/index/isin/CH0501616665
50161666 
Long Factor CertificateSMI PR Index20x0.011386CHF5.976.07
/product/detail/index/isin/CH0501616707
50161670 
Long Factor CertificateSMI PR Index24x0.012249CHF5.365.46
/product/detail/index/isin/CH0501616681
50161668 
Long Factor CertificateSMI PR Index22x0.011943CHF5.705.80
/product/detail/index/isin/CH0501616673
50161667 
Long Factor CertificateSMI PR Index21x0.011694CHF5.845.94
/product/detail/index/isin/CH0512541902
51254190L6SSMU
Long Factor CertificateSMI PR Index6x0.002743CHF4.794.80
/product/detail/index/isin/CH0512541910
51254191L12ROU
Long Factor CertificateRoche12x0.168585CHF4.204.25
/product/detail/index/isin/CH0513453545
51345354L12SIU
Long Factor CertificateSiemens12x0.41933CHF4.534.55
/product/detail/index/isin/CH0512543478
51254347 
Long Factor CertificateAMS5x0.538272CHF0.005.33
/product/detail/index/isin/CH0512543486
51254348 
Long Factor CertificateAMS8x0.881409CHF0.005.54
/product/detail/index/isin/CH0512543445
51254344L8AMSU
Long Factor CertificateAMS8x0.896223CHF5.435.63
/product/detail/index/isin/CH0512543437
51254343L5AMSU
Long Factor CertificateAMS5x0.544142CHF5.285.38
/product/detail/index/isin/CH0486380246
48638024 
Long Factor CertificateRoche5x0.153159CHF9.249.34
/product/detail/index/isin/CH0489597374
48959737L12APU
Long Factor CertificateApple12x1.050651CHF22.3422.49
/product/detail/index/isin/CH0489597523
48959752L5TESU
Long Factor CertificateTesla Inc5x0.118775CHF8.148.19
/product/detail/index/isin/CH0489597291
48959729L12GOU
Long Factor CertificateAlphabet Inc. C12x0.063062CHF6.96--
/product/detail/index/isin/CH0489597325
48959732L5AMZU
Long Factor CertificateAmazon.com5x0.006022CHF2.052.06
/product/detail/index/isin/CH0489597333
48959733L5AMDU
Long Factor CertificateAMD5x0.64528CHF5.165.21
/product/detail/index/isin/CH0489586740
48958674L4DJIU
Long Factor CertificateDow Jones Industrial Average Index4x0.000784CHF5.465.48
/product/detail/index/isin/CH0489586807
48958680L4NASU
Long Factor CertificateNASDAQ 100 Index4x0.002768CHF5.755.76
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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.