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/product/detail/index/isin/CH0531804984
53180498L12R9U
Long Factor CertificateRoche12x0.290913CHF4.574.67
/product/detail/index/isin/CH0531804976
53180497L10R9U
Long Factor CertificateRoche10x0.29307CHF6.586.68
/product/detail/index/isin/CH0531804968
53180496L12V9U
Long Factor CertificateNovartis12x0.934179CHF5.415.56
/product/detail/index/isin/CH0531804950
53180495L8NO9U
Long Factor CertificateNovartis8x0.857175CHF7.918.01
/product/detail/index/isin/CH0531804943
53180494L12E9U
Long Factor CertificateNestlé12x0.321656CHF2.352.38
/product/detail/index/isin/CH0531804919
53180491L12O9U
Long Factor CertificateLogitech12x8.558006CHF14.90--
/product/detail/index/isin/CH0531804901
53180490L12L9U
Long Factor CertificateLafargeHolcim12x2.323697CHF9.119.61
/product/detail/index/isin/CH0531804893
53180489L8LH9U
Long Factor CertificateLafargeHolcim8x3.632477CHF19.7320.73
/product/detail/index/isin/CH0531804885
53180488L5LH9U
Long Factor CertificateLafargeHolcim5x2.089007CHF17.4317.93
/product/detail/index/isin/CH0531804877
53180487L12C9U
Long Factor CertificateCredit Suisse12x0.116588CHF0.130.14
/product/detail/index/isin/CH0531804869
53180486L10CGU
Long Factor CertificateCredit Suisse10x0.473145CHF0.62--
/product/detail/index/isin/CH0531804851
53180485L8CS9U
Long Factor CertificateCredit Suisse8x2.204289CHF3.333.38
/product/detail/index/isin/CH0531804844
53180484L6CS9U
Long Factor CertificateCredit Suisse6x3.624566CHF6.776.82
/product/detail/index/isin/CH0531804836
53180483L5CS9U
Long Factor CertificateCredit Suisse5x3.8594CHF8.278.37
/product/detail/index/isin/CH0531804828
53180482L8AM9U
Long Factor CertificateAMS8x0.059372CHF0.090.10
/product/detail/index/isin/CH0531804810
53180481L5AM9U
Long Factor CertificateAMS5x3.558886CHF9.8710.37
/product/detail/index/isin/CH0531804802
53180480L8AD9U
Long Factor CertificateAdecco8x2.591753CHF16.0116.51
/product/detail/index/isin/CH0531804794
53180479L12B9U
Long Factor CertificateABB12x1.437686CHF2.072.10
/product/detail/index/isin/CH0531804786
53180478L8AB9U
Long Factor CertificateABB8x3.79773CHF8.468.56
/product/detail/index/isin/CH0531804778
53180477L5AB9U
Long Factor CertificateABB5x2.928806CHF10.7010.75
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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.