Understanding structured products bnp paribas wealth management. This philosophy underpins ubs s pivot towards a solutionsorientated structured products business, where it functions as gatekeeper to a host of innovative investment strategies, exposures and execution capabilities potentially even those offered by. Structured products against a the company which has issued the underlying securities. If we become insolvent or default on our obligations under the structured products, you may not be able to recover all or even part of the amount. The return at maturity on a structured product is linked to the performance of an underlying assetwhich is typically an investable asset or market index. Ubs asset management does not guarantee the accuracy, suitability or completeness of. The investment instruments retention of value is dependent not only on the development of the value of the underlying asset, but also on the creditworthiness of the issuer credit risk, which may change over the term the product. Structured products are sold by brokerdealers, many of which are affiliates of large investment banks.
For the last few weeks, investors have had to deal with a market environment characterized by a high degree of uncertainty. The rise and fall of applelinked structured products. A to z of structured products deutscher derivate verband 5 out. Structured products comprise a range of different investment instruments. The offering document will either contain the oid schedule. Wed be happy to advise you on which structured products are best suited to your individual situation and requirements. Finras principal protected consent agreement with ubs. Important information about structured products why this is important this information is designed to help you understand the general risks associated with structured products.
The financial instruments mentioned in this document are derivative instruments. Short procedure, rapid effect equities commodities interest foreign exchange far illustration purposes only nowadays it is possib e to nvest in current nvestment trends simp y and conven ently using structured products. The information memorandum can also be downloaded from the quicklinks section on this page. In structured products, unlike those traded on exchanges, there is no transparency of pricing. Ubs wealth management research wmr provides guidance to help clients with regular tactical asset allocation recommendations. If your structured product has oid income, it will be disclosed in that tax disclosure.
In an uncertain market environment, structured products may well be an attractive solution. Ubs ag the issuer or ubs ag may from time to time issue structured products in securitized form the products. Introduction to structured investments summary table of contents just as stocks and bonds serve as essential components at the foundation of a diversified financial portfolio, structured investments may be added to an investors holdings to address a particular investment objective within an. Pdf structured products and the mischief of selfindexing. Structured products allow designing appro priate solutions. Meanwhile, sales of structured products keep rising.
Structured products are hence tailormade solutions that can be adjusted to different market conditions and that entail different risks, which must be monitored. How to invest in structured products wiley online books. Flexible investment vehicles usable in any market environment are in greater demand than ever today. The sale of lehman notes and other structured products by ubs is a classic example of why doing business with a wall street firm is hazardous. In summary, if the issuer defaults or declares bankruptcy, the investor may lose all. Ubs structured products more opportunities for your money. Ubs equity investor marketplace ubs structured products.
In addition to these keyinvest conditions, special agreements with regard to specific services and products of ubs ag, any affiliates andor branches of ubs ag. This research is updated monthly and relies on a thorough analysis of factors such as market valuations, current market conditions, economic trends, company earnings and credit fundamentals. We may periodically make updates to this guide in order to keep you informed about important considerations when deciding to participate in these investments. Landesbank hessenthuringen girozentrale and dz bank ranked second and third with 7. Structured products in wealth management ubs switzerland. You can either choose from among the structured products carefully developed for ubs clients, or work with. Factsheet ubs bloc discount certificate pdf, 419 kb factsheet ubs docu double currency unit pdf, 418 kb ubs structured products brochure pdf, 1 mb. Nothing contained on the ubs website constitutes financial, legal, tax or other advice and you should obtain advice from a qualified expert or financial adviser before making any investment decision. Structured products offerings and research reports. The rise and fall of applelinked structured products ubss september 26, 2012 applelinked so reverse convertible consider for example, the trigger yield optimization notes linked to apple inc.
At the settlement solutions group, we have integrated traditional structured settlement annuities with the global wealth management resources of ubs to provide personal injury attorneys and their clients with settlement solutions that address their unique circumstances. Despite what some might think, a single bank cant always have the best price, give the best terms on a trade or have the best ideas. Structured products are tailor made financial instruments that are composed of mostly more than one product and have a performance depending on one or more underlying assets. The equity research group of the same investment bank m ay have useful research reports that help explain why a strategy of investing in a certain stock, index or. Raiffeisenverband salzburg ranked as the top global structured notes underwriter for h1 2018 with 40. Important information about structured products ubs. With the aid of one or more derivative instruments, there is a right or obligation to buy or sell the underlying asset or some other asset on. Oct, 2015 ubs perceived that investors looking to diversify their portfolios in the wake of the financial crisis were attracted to structured products so long as the underlying trading strategy was transparent. Salary estimates are based on 1 salaries submitted anonymously to glassdoor by structured products employees. Structured products are subject to the risk of default by the issuer. Most of the structured products consist of 2 components. Investors who expect falling prices are named bears.
Products and services in this website may not be available for residents of certain nations. It has demonstrated an unmatched propensity to capture and service retail demand far beyond its rivals. Securities and exchange commission that it provided false or misleading information in materials related to structured debt securities. Noncollateralised structured products base listing document relating to structured products to be issued by ubs ag incorporated with limited liability in switzerland acting through its london branch sponsor ubs securities asia limited this document, for which we accept full responsibility, includes particulars given in compliance with the rules. These wall street firms periodically use their own client base including many fixedincome retired investors as a dumping ground for defective products, including structured notes and reverse convertibles, which are also called return. Structured products with original issue discount oid how do i know if my structured product has oid income. Types of structured equity products structured product, thereby limiting the vehicles taxable profit and minimising its corporate tax liabilities. Finra critiqued ubs for maintaining training programs for its sales force in structured products, but not initially requiring participation in those programs as a condition to selling structured products. Structured products also let you invest not only in equities, but also in other underlying assets such as commodities, currencies, interest rates, bonds. Introduction to structured investments morgan stanley. There is a suitable investment solution for practically every market situation, no matter whether prices are moving up, down or sideways. Feb 26, 2018 the information contained herein including the general advice, if any has been prepared without taking account of your objectives, financial situation or needs and because of that, you should, before acting on the information, consider the appropriateness of the information, having regard to your objectives, financial situation and needs.
Structured products and the mischief of selfindexing. As a conclusion, we can define structured products as an integrated product package, which can provide your portfolio with efficient diversification. This book is essential in understanding, investing and risk managing the holy grail of investments structured products. Structured products offer a range of choices for investors seeking to maintain market exposure while reducing downside market risk. Noncollateralised structured products base listing.
On the other hand, you may be seeking to improve the returns or income generated by your portfolio. Structured products more revenue potential for surplus liquidity structured products offer you a solution tailored precisely to the investment goals and needs of your company. Structured products are complex and involve a high degree of risk. Market commentary, product information and related performance data available on this website has been compiled from sources believed to be reliable and is provided in good faith for informational purposes only. The weights on the two contracts are adjusted daily such that the weighted maturity of the included contracts is one month.
So, for its prominence in the etn market and its structured note platform, ubs stands out. The book begins by introducing structured products by way of a basic guide so that readers will be able to understand a payoff graphic, read a termsheet or assess a payoff formula, before moving on to the key asset classes and their peculiarities. The applicable offering documents for your structured product will contain a tax disclosure. Mar 03, 2011 the sale of lehman notes and other structured products by ubs is a classic example of why doing business with a wall street firm is hazardous. Filter by location to see structured products salaries in your area. Structured products have developed from a niche product to an established form of investment. Ubs for possible sales practice violations, including but not limited to failing to disclose material risks associated with its etracs product. Throughout each rollover period, firstmonth vix futures contracts are.
Furthermore, it is near impossible to know the value of the structured product over the life of the. Introduction to structured investments summary table of contents just as stocks and bonds serve as essential components at the foundation of a diversified financial portfolio, structured investments may be added to an investors holdings to address a particular investment objective within an overall investment plan. The information memorandum im for the ubs australia aud 10,000,000,000 structured note program program for the issuance of notes notes is available on the ubs bloomberg page to access the information memorandum, bloomberg users can enter ubs into the bloomberg terminal and navigate to the ubs australia structured notes subpage. Activities with respect to us securities are conducted through ubs securities llc a us broker dealer.
The investigation focuses on ubs sales practices and representations made in connection with the recommendation of the ubs yes program for. Four categories make it easier for inves tors to ffild thc product best them. Find structured products structured product advisor ubs. Structured products and the mischief of selfi ndexing three immediately preceding business days i. Therefore, the financial condition and creditworthiness of the issuer are important considerations when assessing the ability of the issuer to meet its obligations according to the terms of the structured product. Ubs general terms and conditions for fixed income structured. Offbalance sheet the spv can be structured as an orphan ie it is not a subsidiary of the transaction originator and its shares. Product descriptions and risk warnings disclosure ubs. Etn s are not as popular in the us as they are in europe. Structured products can be tailored to meet your needs as a wealth management client.
Date 22 march 2019 version 201 93 ubs general terms and conditions for fixed income structured products. As a result, many have been willing to invest but have hesitated and. Ubs helps you do so with ts individual and capital marketoriented structured products. They do not qualify as units of a collective investment scheme pursuant to art. Jan 02, 2012 this book is essential in understanding, investing and risk managing the holy grail of investments structured products.
Structured products and the mischief of selfindexing weighted average returns of the firstmonth and the secondmonth vix futures contract. Structured products on equity, commodity and index underlyings date 19 march 2020 version 20202 ubs ag, version 2020 2, 19 march 2020 page of 32. Ubs offers you the chance to have products structured to suit your individual needs. Options, derivative products and futures are not suitable for all investors, and trading in these products is considered risky. Understanding structured products bnp paribas wealth. Ubs dumped defective structured products on retirees.
General terms and conditions for structured products on equity, commodity and index underlyings date 19 march 2020 version 20202. General terms and conditions for structured products on. With more than 40 years of combined experience working with attorneys and. General terms and conditions for structured products. The information contained herein including the general advice, if any has been prepared without taking account of your objectives, financial situation or needs and because of that, you should, before acting on the information, consider the appropriateness of the information, having regard to your objectives, financial situation and needs. The products will be issued based i on the information set out in these general terms and conditions for structured products on equity, commodity and index underlyings, as amended from. They are always based on an underlying asset, for example an equity, a bond, an index, foreign currencies, or commodities. Ubs further stated that the v10 was calculated using. Overview ubs ag with its subsidiaries together, ubsag consolidated, or ubsag group. Please consult the sales restrictions relating to the service in question for further information. Bear call spread a bear call spread is an option strategy with limited risks but also limited opportunities for profit. This strategy is used if a trader expects prices to fall moderately.
1463 638 59 1060 552 635 811 3 323 1064 67 1539 362 523 163 1236 1502 1420 356 579 125 700 1031 1160 1046 328 586 960 1509 461 996 986 1389 799 281 980 1393 450 1339 972 1074 1465 1236