{
    "success": true,
    "data": {
        "type": "ETP",
        "ucits": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Leverage",
            "Inverse exposure",
            "Compounding Effect",
            "High risk rating (7/7)"
        ],
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": true,
        "classification": "complex",
        "supporting_data": "The product is classified as complex primarily due to its 3x leverage, which aims to provide three times the daily performance of the underlying ETF. This leveraged structure, as explicitly stated in the KID, is subject to a 'Compounding Effect' that can lead to returns different from three times the daily performance over longer holding periods, especially in volatile markets. This compounding mechanism, coupled with the inherent risks of leveraged products and the high risk rating (7/7), makes the product difficult for a retail investor with basic knowledge to understand. The product also uses derivatives to achieve its leveraged objective, which is a key indicator of complexity under MiFID II. The KID also includes a clear comprehension alert: 'You are about to purchase a product that is not simple and may be difficult to understand.'"
    }
}