Open End Turbo Call WarrantRichemont34.877697 CHF47.93%2.0420:1Open endCHF1.651.66
Open End Turbo Call WarrantSonova52.165764 CHF65.97%1.5050:1Open endCHF2.062.07
Open End Turbo Call WarrantGivaudan501.019135 CHF79.57%1.25250:1Open endCHF7.887.89
Open End Turbo Call WarrantDAX8'360.96574 EUR26.28%3.78500:1Open endCHF6.866.87
Open End Turbo Call WarrantS&P 500 Index1'843.566 USD32.62%3.07100:1Open endCHF8.908.91
Open End Turbo Call WarrantNetflix81.279019 USD71.60% 10:7Open endCHF145.00--
Open End Turbo Call WarrantAlibaba62.297968 USD59.57%1.6710:1Open endCHF9.249.25
Open End Turbo Call WarrantDAX9'400.949631 EUR17.11%5.731000:1Open endCHF2.262.27
Open End Turbo Call WarrantSMI PR Index6'422.992 CHF27.89%3.57500:1Open endCHF4.995.00
Open End Turbo Call WarrantSMI PR Index6'594.52 CHF25.97%3.83500:1Open endCHF4.644.65
Open End Turbo Call WarrantLafargeHolcim33.437778 CHF27.51%3.4915:1Open endCHF0.880.89
Open End Turbo Call WarrantSwiss Re64.012266 CHF28.59%3.4220:1Open endCHF1.311.32
Open End Turbo Call WarrantSMI PR Index6'783.877 CHF23.84%4.18500:1Open endCHF4.264.27
Open End Turbo Call WarrantSMI PR Index6'920.633 CHF22.30%4.46500:1Open endCHF3.994.00
Open End Turbo Call WarrantSMI PR Index7'057.389 CHF20.77%4.78500:1Open endCHF3.723.73
Open End Turbo Call WarrantSMI PR Index7'194.135 CHF19.23%5.17500:1Open endCHF3.443.45
Open End Turbo Call WarrantSMI PR Index7'330.891 CHF17.70%5.61500:1Open endCHF3.173.18
Open End Turbo Call WarrantSMI PR Index7'467.647 CHF16.16%6.13500:1Open endCHF2.902.91
Open End Turbo Call WarrantABB15.720044 CHF21.63%4.435:1Open endCHF0.9050.915
Open End Turbo Call WarrantABB16.941269 CHF15.55%6.045:1Open endCHF0.6580.67
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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".