{
    "type": "ETP",
    "ucits": false,
    "replication_method": "physical",
    "leverage": true,
    "inverse": false,
    "derivatives": true,
    "swaps": false,
    "complex_factors": [
        "Leverage (3x)",
        "Daily rebalancing with compounding effect",
        "High risk profile (Class 7/7)",
        "Short-term holding recommendation (1 day)"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex under MiFID II due to several key factors: 1) It provides 3x daily leverage on Facebook stock, which introduces significant risk and requires sophisticated understanding. 2) The recommended holding period is only 1 day due to compounding effects, making it unsuitable for long-term investors. 3) The risk indicator is at the highest level (7/7), indicating very high risk. 4) The product uses margin (borrowing) to achieve leverage, which is a complex strategy. 5) The KIID explicitly states it is 'not simple and may be difficult to understand' and is intended for sophisticated investors. While the replication method is physical (owning the underlying stock), the leverage and compounding effects create complexity beyond standard ETFs. The PRIIPs KID confirms the high-risk nature and suitability only for sophisticated traders who can monitor positions intraday. The fact sheet reinforces that this is designed for short-term trading and carries magnified risks.",
    "confidence": 95
}