{
    "type": "ETP",
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "synthetic",
    "ucits": false,
    "complex_factors": [
        "5x Leverage",
        "High Risk Profile (7/7)",
        "Compounding Effect",
        "Daily Rebalancing",
        "No Capital Protection"
    ],
    "classification": "complex",
    "supporting_data": "The ETP is a 5x leveraged product tracking the Solactive Magnificent 7 Index, which inherently involves high risk and complexity due to the leverage factor. The KIID explicitly states that the product is not simple and may be difficult to understand, with a risk rating of 7/7. The compounding effect from daily leverage rebalancing adds another layer of complexity, as it can significantly impact returns over time. The product is not UCITS-compliant, lacks capital protection, and is intended only for sophisticated investors with a very short investment horizon. The high leverage and the potential for significant losses, as illustrated in the performance scenarios, further support the classification as complex.",
    "confidence": 95
}