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/product/detail/index/isin/CH0449359956
44935995OCBRGU
Long Factor CertificateThe Swatch Grp Bearer8x0.05427CHF1.821.86
/product/detail/index/isin/CH0449359964
44935996OCBNGU
Long Factor CertificateThe Swatch Grp Bearer10x0.013504CHF0.360.37
/product/detail/index/isin/CH0449359972
44935997OCBNHU
Long Factor CertificateUBS Group AG5x1.960671CHF4.044.08
/product/detail/index/isin/CH0449359980
44935998OCBGQU
Long Factor CertificateUBS Group AG6x1.767182CHF3.033.07
/product/detail/index/isin/CH0449359998
44935999ODBSHU
Long Factor CertificateUBS Group AG8x1.177979CHF1.511.54
/product/detail/index/isin/CH0449360004
44936000ODBSJU
Long Factor CertificateUBS Group AG10x0.634704CHF0.650.67
/product/detail/index/isin/CH0449360038
44936003ODASTU
Long Factor CertificateCredit Suisse8x3.002901CHF4.194.26
/product/detail/index/isin/CH0449360046
44936004OFIAEU
Long Factor CertificateCredit Suisse10x1.83684CHF2.052.09
/product/detail/index/isin/CH0449360053
44936005 
Short Factor CertificateUBS Group AG5x4.889483CHF9.93910.117
/product/detail/index/isin/CH0449360301
44936030FS5LGU
Short Factor CertificateLogitech5x0.221641CHF1.701.74
/product/detail/index/isin/CH0449360327
44936032FS5LOU
Short Factor CertificateLonza5x0.026386CHF1.941.96
/product/detail/index/isin/CH0449360343
44936034FS5SRU
Short Factor CertificateSwiss Re5x0.162409CHF3.213.24
/product/detail/index/isin/CH0449360350
44936035FS8SRU
Short Factor CertificateSwiss Re8x0.110017CHF1.341.37
/product/detail/index/isin/CH0449360368
44936036FS5ABU
Short Factor CertificateABB5x1.556133CHF5.7135.754
/product/detail/index/isin/CH0449360376
44936037FS8ABU
Short Factor CertificateABB8x1.199659CHF2.752.787
/product/detail/index/isin/CH0449360384
44936038FS5LHU
Short Factor CertificateLafargeHolcim5x0.2916CHF2.672.74
/product/detail/index/isin/CH0449360400
44936040FS5SLU
Short Factor CertificateSwiss Life5x0.022459CHF2.102.12
/product/detail/index/isin/CH0449360426
44936042FS5ADU
Short Factor CertificateAdecco5x0.220584CHF2.262.31
/product/detail/index/isin/CH0449360442
44936044FS5NEU
Short Factor CertificateNestlé5x0.086602CHF1.871.885
/product/detail/index/isin/CH0449360459
44936045FS8NEU
Short Factor CertificateNestlé8x0.042847CHF0.5750.585
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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.