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/product/detail/index/isin/CH0466043178
46604317L8WIRU
Long Factor CertificateWirecard AG8x0.00007CHF0.000.02
/product/detail/index/isin/CH0466043152
46604315L5BASU
Long Factor CertificateBASF5x0.586615CHF9.029.05
/product/detail/index/isin/CH0466043129
46604312L5PORU
Long Factor CertificatePorsche5x0.976938CHF14.6014.80
/product/detail/index/isin/CH0466043103
46604310L5DAIU
Long Factor CertificateDaimler5x0.667846CHF7.757.85
/product/detail/index/isin/CH0466043095
46604309L5WIRU
Long Factor CertificateWirecard AG5x0.01124CHF0.290.30
/product/detail/index/isin/CH0466043087
46604308L5CONU
Long Factor CertificateContinental5x0.093193CHF2.472.52
/product/detail/index/isin/CH0466042949
46604294L12VWU
Long Factor CertificateVolkswagen VZ12x0.481394CHF7.587.68
/product/detail/index/isin/CH0466042899
46604289L8VISU
Long Factor CertificateVisa8x0.830174CHF18.2018.70
/product/detail/index/isin/CH0466042758
46604275FL10PU
Long Factor CertificateNVIDIA Corp10x0.065145CHF1.20--
/product/detail/index/isin/CH0466042725
46604272FL12GU
Long Factor CertificateAlibaba12x0.002459CHF0.07--
/product/detail/index/isin/CH0466042543
46604254FS10QU
Short Factor CertificateNetflix10x0.016748CHF0.49--
/product/detail/index/isin/CH0466042519
46604251FS12JU
Short Factor CertificateApple12x0.000059CHF0.000.02
/product/detail/index/isin/CH0465052626
46505262 
Short Factor CertificateLafargeHolcim8x0.303994CHF1.852.05
/product/detail/index/isin/CH0465052568
46505256S10CSU
Short Factor CertificateCredit Suisse10x0.274808CHF0.340.35
/product/detail/index/isin/CH0465052550
46505255S8LAHU
Short Factor CertificateLafargeHolcim8x0.303994CHF1.912.01
/product/detail/index/isin/CH0462561223
46256122FS12IU
Short Factor CertificateSwiss Re12x0.054964CHF0.480.49
/product/detail/index/isin/CH0462555910
46255591 
Short Factor CertificateRoche12x0.029174CHF0.7140.734
/product/detail/index/isin/CH0462555860
46255586 
Long Factor CertificateAdecco12x0.37085CHF1.821.92
/product/detail/index/isin/CH0462555845
46255584 
Long Factor CertificateLafargeHolcim12x0.894817CHF3.714.11
/product/detail/index/isin/CH0462555837
46255583 
Long Factor CertificateABB12x2.174103CHF3.9484.048
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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.