UBS PetroChina Call Warrant (Code 24526) (24526)

UBS PetroChina Call Warrant is a non-collateralised European-style cash-settled structured product issued by UBS AG, linked to PetroChina Company Limited shares. It enables investors to gain leveraged exposure to potential price increases in the underlying PetroChina stock, with payouts determined by the formula: Entitlement × (Average Price – Exercise Price) × one Board Lot, calculated over five business days before expiry if positive. Key features include a stock code of 24526, liquidity provider broker ID 9695, issue size of 70,000,000 warrants, 1 share entitlement per warrant, launch date around early 2026, and expiry in mid-2026. As a derivative warrant, it exhibits high gearing for amplified returns or losses, implied volatility reflecting market expectations, and sensitivity to factors like time decay, volatility, and interest rates. Traded on stock exchanges, it plays a vital role in Hong Kong's structured products market, offering tactical tools for bullish strategies on energy sector giants like PetroChina, a major oil and gas producer, amid global commodity fluctuations.