{
    "complex": true,
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Leverage (-3x)",
        "Inverse exposure",
        "Short-term trading focus",
        "High volatility risk",
        "Complex compounding effects"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its inverse leverage (-3x) structure, which magnifies returns and risks. The KIID explicitly states it is not suitable for retail investors and requires frequent monitoring. The product tracks an inverse leveraged index (iSTOXX Inverse Leveraged -3x TSLA Index), which involves significant complexity in its daily rebalancing and compounding effects. The risk indicator is at the highest level (7/7), and the product carries warnings about potential total loss of investment. While the replication method is physical (owning underlying assets), the leveraged and inverse nature of the product makes it inherently complex. The PRIIPs KID and factsheet confirm the product's high-risk profile and suitability only for sophisticated investors.",
    "confidence": 95
}