Open End Turbo Call WarrantRichemont34.572952 CHF49.56%1.9820:1Open endCHF1.741.75
Open End Turbo Call WarrantSonova51.75912 CHF79.38%1.2550:1Open endCHF4.044.05
Open End Turbo Call WarrantGivaudan475.70596 CHF85.43%1.17250:1Open endCHF11.2211.24
Open End Turbo Call WarrantDAX8'849.111452 EUR32.46%3.06500:1Open endCHF9.089.10
Open End Turbo Call WarrantS&P 500 Index1'907.566 USD42.85% 100:1Open endCHF13.21--
Open End Turbo Call WarrantAlibaba66.303176 USD68.81% 10:1Open endCHF13.70--
Open End Turbo Call WarrantDAX9'809.517406 EUR25.14%3.931000:1Open endCHF3.533.55
Open End Turbo Call WarrantSMI PR Index6'424.914 CHF40.27%2.46500:1Open endCHF8.768.77
Open End Turbo Call WarrantSMI PR Index6'602.543 CHF38.62%2.57500:1Open endCHF8.408.41
Open End Turbo Call WarrantLafargeHolcim32.584562 CHF30.02%3.2315:1Open endCHF0.960.97
Open End Turbo Call WarrantSwiss Re62.564103 CHF37.99%2.5720:1Open endCHF1.961.98
Open End Turbo Call WarrantSMI PR Index6'798.634 CHF36.79%2.69500:1Open endCHF8.018.02
Open End Turbo Call WarrantSMI PR Index6'940.254 CHF35.48%2.79500:1Open endCHF7.727.74
Open End Turbo Call WarrantSMI PR Index7'081.875 CHF34.16%2.90500:1Open endCHF7.447.46
Open End Turbo Call WarrantSMI PR Index7'223.484 CHF32.84%3.01500:1Open endCHF7.167.17
Open End Turbo Call WarrantSMI PR Index7'365.104 CHF31.53%3.14500:1Open endCHF6.876.89
Open End Turbo Call WarrantSMI PR Index7'506.724 CHF30.21%3.27500:1Open endCHF6.596.61
Open End Turbo Call WarrantABB15.74755 CHF29.60%3.275:1Open endCHF1.3731.384
Open End Turbo Call WarrantABB17.012211 CHF23.95%4.005:1Open endCHF1.1211.132
Open End Turbo Call WarrantBB Biotech40.743137 CHF37.17%2.6125:1Open endCHF0.981.00
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Warrant with knock-out (UBS Turbo Warrants)

In the case of UBS Turbo Warrants, also known as Turbos, the name says it all. With these investment instruments, investors who are willing to take risks can shift into turbo and considerably increase their yield potential. Call Turbos speculate on rising and Put Turbos on falling prices of the underlying asset (e.g. equities, indices, currency pairs, interest rates, commodities). During the term, the strike for Call Turbos is below the price of the underlying asset and for Put Turbos it is above it.

Turbos are less expensive than Vanilla Warrants and thus generally provide more leverage. However, investors have to pay a price for the opportunity to earn higher returns in the form of increased risk, as the strike also acts as a stop loss marker and is therefore also referred to as a knock-out barrier. This barrier should not be reached or exceeded. If an investor bets on rising prices by buying a Turbo Call Warrant and the underlying asset hits or breaches the barrier, the Turbo Call Warrant expires immediately without value – its term ends prematurely. A Turbo Put Warrant on the other hand is geared towards falling markets. If the underlying asset belies expectations and moves to or above the barrier, the Turbo Warrant has to be written off as worthless. In other words, in the case of UBS Turbos, breach of a barrier amounts to a total loss of the capital invested.

In addition, investors must take into consideration the issuer risk, 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.

You can find a more detailed product description in our brochure "Knowledge in a nutshell".