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/product/detail/index/isin/CH0462555886
46255588 
Short Factor CertificateUBS Group AG12x1.222207CHF1.0611.081
/product/detail/index/isin/CH0462555860
46255586 
Long Factor CertificateAdecco12x0.249441CHF1.1121.162
/product/detail/index/isin/CH0462555845
46255584 
Long Factor CertificateLafargeHolcim12x0.466827CHF1.912.01
/product/detail/index/isin/CH0462555837
46255583 
Long Factor CertificateABB12x0.731027CHF1.6481.658
/product/detail/index/isin/CH0462555829
46255582 
Long Factor CertificateSwiss Re12x1.303873CHF11.03811.438
/product/detail/index/isin/CH0462555803
46255580 
Long Factor CertificateLogitech12x0.248417CHF0.7950.825
/product/detail/index/isin/CH0462555787
46255578 
Long Factor CertificateRoche12x0.326771CHF7.9088.008
/product/detail/index/isin/CH0462555738
46255573FL12EU
Long Factor CertificateNestlé12x2.492496CHF20.81521.015
/product/detail/index/isin/CH0462555704
46255570FL12HU
Long Factor CertificateLafargeHolcim12x0.466827CHF1.912.01
/product/detail/index/isin/CH0462555696
46255569FL12AU
Long Factor CertificateABB12x0.731027CHF1.6481.658
/product/detail/index/isin/CH0462555688
46255568FL12IU
Long Factor CertificateSwiss Re12x1.303873CHF11.1411.34
/product/detail/index/isin/CH0462555662
46255566FL12LU
Long Factor CertificateLogitech12x0.248417CHF0.790.82
/product/detail/index/isin/CH0462555647
46255564FL12RU
Long Factor CertificateRoche12x0.326771CHF7.918.01
/product/detail/index/isin/CH0462555613
46255561FL12BU
Long Factor CertificateUBS Group AG12x0.8203CHF0.830.86
/product/detail/index/isin/CH0462555605
46255560FL12UU
Long Factor CertificateThe Swatch Grp Bearer12x0.011089CHF0.270.28
/product/detail/index/isin/CH0462555597
46255559FS12RU
Short Factor CertificateRoche12x0.046129CHF1.091.10
/product/detail/index/isin/CH0462555563
46255556FS12BU
Short Factor CertificateUBS Group AG12x1.222207CHF1.061.08
/product/detail/index/isin/CH0462183069
46218306 
Short Factor CertificateEuro STOXX 50 Price Index10x0.002137CHF0.8550.857
/product/detail/index/isin/CH0462182368
46218236FS10EU
Short Factor CertificateEuro STOXX 50 Price Index10x0.002137CHF0.860.88
/product/detail/index/isin/CH0462182350
46218235FS5ESU
Short Factor CertificateEuro STOXX 50 Price Index5x0.004291CHF3.413.43
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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.