{
    "type": "ETP",
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares 2x Amazon ETP is classified as complex due to its leveraged structure (2x daily exposure to Amazon stock), which introduces significant risks such as the compounding effect and high volatility. The product explicitly states it is not simple and may be difficult to understand, targeting only sophisticated investors. The risk indicator is 6 out of 7, indicating high risk. While it uses physical replication, the leverage and daily rebalancing create a non-linear return profile that is not easily understood by retail investors. The product also warns of potential losses exceeding the initial investment due to leverage, and the KIID emphasizes that it is not suitable for investors who cannot monitor their positions daily.",
    "confidence": 95
}