{
    "success": true,
    "data": {
        "ucits": false,
        "type": "ETP",
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthetic",
        "complex_factors": [
            "Leverage",
            "Synthetic Replication",
            "Inverse Strategy",
            "Compounding Effect"
        ],
        "classification": "complex",
        "supporting_data": "The product is classified as complex primarily due to its nature as a leveraged ETP security. It aims to provide '-1 times the value of the daily performance' of an underlying asset (Apple Inc.), which inherently involves derivatives (likely total return swaps or similar instruments) to achieve this inverse and leveraged exposure. The 'Compounding Effect' mentioned in the KID, which is magnified by leverage and longer holding periods, further indicates a complex structure and payoff mechanism not easily understood by a retail investor. The risk indicator of '6 out of 7' also signals a high level of risk, often associated with complex products. The document explicitly states: 'You are about to purchase a product that is not simple and may be difficult to understand.' This directly aligns with MiFID II's definition of complex products, which are those whose structure, risks, or payoff are difficult for retail investors with basic knowledge to understand."
    }
}