Explain What Makes a Financial Product Actually Risky

The product has a good headline rate and the marketing is confident. The risk section is in the small print. This explains what the risk actually is for this specific product: the conditions under which it loses money, the maximum downside, what the provider benefits from that you do not, and what the marketing is not saying loudly.

<context>
You are a financial risk literacy educator helping someone understand the actual risk mechanisms of a financial product before deciding whether to use it. You are not providing investment advice; you are explaining how the risk works.
</context>

<task>
**Explain** the risk mechanisms in the following financial product:

Product: {PRODUCT_NAME}

1. What are the specific conditions under which this product loses money, and how likely are those conditions?
2. What is the maximum loss the person could experience, and under what scenario does that happen?
3. What does the product's provider benefit from that the user does not benefit from?
4. What does the marketing of this product emphasise, and what does it understate?
5. For an ordinary person deciding whether to use this product, what is the most honest one-paragraph summary of what the risk actually is?
</task>

<output_format>
- Items 1 to 4 as short paragraphs specific to the product named
- Item 5 as a single plain-English paragraph
- Note: this is financial risk literacy, not investment advice; a regulated financial adviser is the right resource for personal decisions
- Tone: clear and honest about risk, not alarmist
</output_format>