Technology stocks have undergone a sharp AI (Artificial Intelligence)-driven reset, with valuations retreating to multi-year lows. For investors assessing selective entry points, a new capital-protected tracker issued by Julius Baer may offer a measured way to gain exposure to leading tech names with a structured risk/reward profile.

Tech turmoil: disruption or opportunity?

More than USD 2.5 trillion has been erased from the tech sector’s largest names as markets have adopted a “flee first, ask questions later” stance. Valuations now sit at multi-year lows despite resilient forward earnings. For selective investors, such narrative shifts may present considered entry points – particularly among companies with durable competitive advantages across the artificial intelligence (AI) value chain.

Selective exposure to AI leaders

Julius Baer has constructed a diversified basket of capital protected notes on tech equities providing exposure to companies active across key segments of the AI value chain. The selection spans semiconductor leaders, hyperscalers expanding data centre capacity, infrastructure providers enabling electrification and storage, and enterprise software champions deeply embedded in corporate systems. Together, they offer broad yet focused exposure to the structural AI theme.

Focused participation with built-in safety net

The 2-year JB Tracker Certificate provides exposure to a basket of capital-protected notes linked to individual technology stocks. It offers 100% capital protection at maturity and 200% participation in the performance of each underlying stock, subject to predefined barriers. Investors are exposed to issuer and solvency risk, secondary market spreads and the possibility that the product’s value may fall below the protection level during its lifetime.

The product is listed on SIX Swiss Exchange and can be traded on the secondary market under valor 32848127.

Interested? For more information, please contact your relationship manager at Julius Baer or your custodian bank.

Product details

Contact:

Structured Products Institutional Sales

Email: derivatives@juliusbaer.com

Telephone: +41 (0) 58 888 8181

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This content constitutes marketing material and is not the result of independent financial/investment research. It has been produced by Bank Julius Baer & Co. Ltd., Zurich, which is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA.

This content is intended for information purposes only and does not constitute advice, an offer or an invitation by, or on behalf of, Julius Baer to buy or sell any securities, securities-based derivatives or other products or to participate in any particular trading strategy in any jurisdiction.

Julius Baer does not accept liability for any loss arising from the use of this document.

This content may include figures relating to simulated past performance. Past performance, simulations and performance forecasts are not reliable indicators of future results.

For further details about risks and suitability, as well as important legal information, please consult the following link:IMPORTANT LEGAL INFORMATION

Global equities remain resilient. Julius Baer’s balanced, currency-hedged and diversified investment solution offers compelling return potential in today’s volatile market environment – without full exposure to market risk. With an 18-month investment horizon, it represents a genuine alternative to the bond market.

Market opportunities in dynamic times

As 2025 draws to a close, global equity markets continue to defy expectations. Both US and European indices have benefited from improving economic sentiment, delivering solid returns. The key question for investors now is how to position portfolios wisely in an environment that remains uncertain and volatile – yet full of opportunity – to capture attractive returns without being fully exposed to market risk.

Balancing stable returns and reduced risk

With yields on traditional bonds continuing to fall, investor interest in alternative sources of income is rising. This broadly diversified investment idea provides the opportunity to stay engaged in international equity markets while maintaining a substantial risk buffer. Julius Baer’s investment approach incorporates a mechanism that cushions market setbacks up to a clearly defined level, while at the same time generating fixed, regular income. In turbulent markets such as today’s, this can represent an appealing alternative to the bond market.

A structured global solution

With an 18-month term and broad exposure to four leading international equity indices – the SMI, Euro Stoxx 50, S&P 500 and Nasdaq 100 – this attractive investment solution combines a sizeable risk buffer against market declines with the potential to earn guaranteed fixed monthly returns. Particularly appealing in the current environment is the callable feature, which allows for early redemption by the issuer and, in turn, a higher return. Issued in CHF, EUR and USD, the solutiont is currency-hedged, allowing you to align your investment precisely with your preferred reference currency.

More product details:

Product Details CHF

Product Details EUR

Product Details USD

IMPRINT

This content constitutes marketing material and is not the result of independent financial/investment research. It has been produced by Bank Julius Baer & Co. Ltd., Zurich, which is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA.

This content is intended for information purposes only and does not constitute advice, an offer or an invitation by, or on behalf of, Julius Baer to buy or sell any securities, securities-based derivatives or other products or to participate in any particular trading strategy in any jurisdiction.

Julius Baer does not accept liability for any loss arising from the use of this document.

This content may include figures relating to simulated past performance. Past performance, simulations and performance forecasts are not reliable indicators of future results.

For further details about risks and suitability, as well as important legal information, please consult the following link: IMPORTANT LEGAL INFORMATION

The current market environment offers opportunities but remains vulnerable to sudden corrections. Structural shifts and political risks add to the uncertainty. Callable Multi Barrier Reverse Convertibles provide a way to participate in market developments through coupons and barriers while at the same time making use of defined risk buffers.

Balancing risk and reward

This year has rewarded investors with impressive equity market gains, with numerous indices reaching record highs. At the same time, persistent geopolitical tensions, structural shifts in global trade, and unpredictable political measures are shaping the market backdrop. This mix of promise and uncertainty leaves many investors asking: how can one participate in potential returns without taking on full equity market risk?

Structured approach with predefined buffer

Against this backdrop, a new structured product emitted by Julius Baer can offer investors the opportunity to invest in a balanced way in today’s demanding market environment. The JB Callable Multi Barrier Reverse Convertible combines regular income potential with a predefined risk buffer, thereby offering the option to benefit from market developments without being fully exposed to equity risk. The structure also incorporates a degree of flexibility with respect to maturity, making it suitable for investors who value predictable income while seeking broad exposure to international indices.

Global opportunities with targeted risk control

The JB Callable Multi Barrier Reverse Convertible is available in three instances, each denominated in a different currency (USD, EUR, and CHF), allowing investors to tailor their exposure to their preferred reference currency while managing market and currency risks in a targeted manner. Broad diversification across regions and underlyings enhances the product’s international scope. If any of the underlyings touch or fall below their individual knock-in barriers of 65% during the 15-month lifetime of the product and close below their respective strike prices at maturity, investors receive an amount that takes into account the decrease of the underlying with the worst performance compared with its individual strike price.

More product details:

Product Details CHF

Product Details EUR

Product Details USD

IMPRINT

This content constitutes marketing material and is not the result of independent financial/investment research. It has been produced by Bank Julius Baer & Co. Ltd., Zurich, which is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA.

This content is intended for information purposes only and does not constitute advice, an offer or an invitation by, or on behalf of, Julius Baer to buy or sell any securities, securities-based derivatives or other products or to participate in any particular trading strategy in any jurisdiction.

Julius Baer does not accept liability for any loss arising from the use of this document.

This content may include figures relating to simulated past performance. Past performance, simulations and performance forecasts are not reliable indicators of future results.

For further details about risks and suitability, as well as important legal information, please consult the following link: IMPORTANT LEGAL INFORMATION