SAN FRANCISCO, Nov. 20, 2018 /PRNewswire/ -- LendingClub
Corporation (NYSE: LC), America's largest online lending
marketplace connecting borrowers and investors, has issued over
$1 Billion in CLUB Certificates since
their launch less than a year ago.
This structure consists of whole loans structured as a
pass-through security. The instrument trades in the
over-the-counter market with a CUSIP and is cleared through the
Depository Trust and Clearing Company (DTCC).
"We continue to innovate for investors and diversify our
investor base," said Valerie Kay,
Chief Capital Officer of LendingClub. "By continually innovating on
products, LendingClub expects to further deepen and broaden
investor access in 2019 and beyond through a variety of new
products and structures."
CLUB Certificates can be seen on Bloomberg and Intex with the
"CLUBC" ticker.
About LendingClub
LendingClub was founded to
transform the banking system to make credit more affordable and
investing more rewarding. Today, LendingClub's online credit
marketplace connects borrowers and investors to deliver more
efficient and affordable access to credit. Through its technology
platform, LendingClub is able to create cost efficiencies and
passes those savings onto borrowers in the form of lower rates and
to investors in the form of risk-adjusted returns. LendingClub is
based in San Francisco,
California. Currently, residents of the following states may
invest in LendingClub notes: AL, AR, AZ, CA, CO, CT, DC, DE, FL,
GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MI, MN, MO, MS, MT,
ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA,
WI, WV, or WY. All loans are made by federally regulated issuing
bank partners. More information is available at
https://www.lendingclub.com.
Safe Harbor Statement
Some of the statements
above, including statements regarding future product initiatives
are "forward-looking statements." The words "anticipate,"
"believe," "estimate," "expect," "intend," "may," "outlook,"
"plan," "predict," "project," "will," "would" and similar
expressions may identify forward-looking statements, although not
all forward-looking statements contain these identifying words.
Factors that could cause actual results to differ materially from
those contemplated by these forward-looking statements include: the
outcomes of pending governmental investigations and pending or
threatened litigation, which are inherently uncertain; the impact
of management changes and the ability to continue to retain key
personnel; our ability to achieve cost savings from restructurings;
our ability to continue to attract and retain new and existing
retail and institutional investors; competition; overall economic
conditions; demand for the types of loans facilitated by us;
default rates and those factors set forth in the section titled
"Risk Factors" in our most recent Quarterly Report on
Form 10-Q and Annual Report on Form 10-K, each as filed
with the SEC. We may not actually achieve the plans, intentions or
expectations disclosed in forward-looking statements, and you
should not place undue reliance on forward-looking statements.
Actual results or events could differ materially from the plans,
intentions and expectations disclosed in forward-looking
statements. We do not assume any obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Information in this press release is not an offer to sell
securities or the solicitation of an offer to buy securities, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
Additional information about LendingClub is available in the
prospectus for LendingClub's notes, which can be obtained on
LendingClub's website at
https://www.lendingclub.com/info/prospectus.action.
CONTACT: For Investors: IR@lendingclub.com; Media Contact:
Press@lendingclub.com
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SOURCE LendingClub Corporation