UBS RC25 BYD Co Ltd-H Warrant (57232)

UBS RC25 BYD Co Ltd-H Warrant is a non-collateralised call warrant issued by UBS AG, providing investors with leveraged exposure to the share price performance of BYD Company Limited, a prominent electric vehicle and battery manufacturer. This structured derivative product grants the holder the right, but not the obligation, to receive a cash settlement at expiry based on the positive difference between the average closing price of the underlying BYD shares over five business days prior to the expiry date and a predetermined exercise price, multiplied by the entitlement ratio and board lot size. Traded in board lots, it features automatic cash settlement if in the money, with no physical delivery of shares. The warrant's value fluctuates with the underlying share's price, volatility, time to expiry, interest rates, and expected dividends, offering amplified sensitivity to upward movements in BYD's stock. UBS AG, headquartered in Zurich, Switzerland since 1862, acts as the sole counterparty, with liquidity supported by a designated market maker providing bid-ask quotes. Adjustments to terms may occur for corporate actions affecting the underlying shares, underscoring its role in enabling targeted, high-convexity plays within equity derivatives markets.