FORM 8-K |
CURRENT REPORT |
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
LendingClub Corporation (Exact name of registrant as specified in its charter) |
Commission File Number: 001-36771 | |
Delaware | 51-0605731 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
71 Stevenson St., Suite 300, San Francisco, CA 94105 | |
(Address of principal executive offices and zip code) | |
(415) 632-5600 (Registrant's telephone number, including area code) | |
N/A (Former name or former address, if changed since last report) |
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events. |
Loan Grade | Interest Rate | ||
A1 | 5.32 | % | |
A2 | 6.49 | % | |
A3 | 6.97 | % | |
A4 | 7.39 | % | |
A5 | 7.89 | % | |
B1 | 8.39 | % | |
B2 | 9.16 | % | |
B3 | 9.75 | % | |
B4 | 10.75 | % | |
B5 | 11.47 | % | |
C1 | 11.99 | % | |
C2 | 12.99 | % | |
C3 | 13.67 | % | |
C4 | 14.46 | % | |
C5 | 15.31 | % | |
D1 | 16.29 | % | |
D2 | 17.27 | % | |
D3 | 18.25 | % | |
D4 | 18.99 | % | |
D5 | 19.53 | % | |
E1 | 19.99 | % | |
E2 | 20.75 | % | |
E3 | 21.18 | % | |
E4 | 21.97 | % | |
E5 | 22.45 | % | |
F1 | 23.13 | % | |
F2 | 24.11 | % | |
F3 | 24.99 | % | |
F4 | 25.88 | % | |
F5 | 26.57 | % | |
G1 | 27.34 | % | |
G2 | 28.14 | % | |
G3 | 28.34 | % | |
G4 | 28.67 | % | |
G5 | 28.99 | % |
• | the reduction in the annual return due to Lending Club's 1.00% servicing fee on both interest and principal payments; and |
Loan Grade | Interest Rate | Reduction in Note Return due to 1.00% Servicing Fee* | Note Returns After Lending Club's Servicing Fee | |||
A1 | 5.32% | 0.67% | 4.65% | |||
A2 | 6.49% | 0.68% | 5.81% | |||
A3 | 6.97% | 0.68% | 6.29% | |||
A4 | 7.39% | 0.68% | 6.71% | |||
A5 | 7.89% | 0.68% | 7.21% | |||
B1 | 8.39% | 0.68% | 7.71% | |||
B2 | 9.16% | 0.69% | 8.47% | |||
B3 | 9.75% | 0.69% | 9.06% | |||
B4 | 10.75% | 0.69% | 10.06% | |||
B5 | 11.47% | 0.70% | 10.77% | |||
C1 | 11.99% | 0.70% | 11.29% | |||
C2 | 12.99% | 0.70% | 12.29% | |||
C3 | 13.67% | 0.70% | 12.97% | |||
C4 | 14.46% | 0.71% | 13.75% | |||
C5 | 15.31% | 0.71% | 14.60% | |||
D1 | 16.29% | 0.72% | 15.57% | |||
D2 | 17.27% | 0.72% | 16.55% | |||
D3 | 18.25% | 0.72% | 17.53% | |||
D4 | 18.99% | 0.73% | 18.26% | |||
D5 | 19.53% | 0.73% | 18.80% | |||
E1 | 19.99% | 0.73% | 19.26% | |||
E2 | 20.75% | 0.73% | 20.02% | |||
E3 | 21.18% | 0.74% | 20.44% | |||
E4 | 21.97% | 0.74% | 21.23% | |||
E5 | 22.45% | 0.74% | 21.71% | |||
F1 | 23.13% | 0.75% | 22.38% | |||
F2 | 24.11% | 0.75% | 23.36% | |||
F3 | 24.99% | 0.75% | 24.24% | |||
F4 | 25.88% | 0.76% | 25.12% | |||
F5 | 26.57% | 0.76% | 25.81% | |||
G1 | 27.34% | 0.76% | 26.58% | |||
G2 | 28.14% | 0.77% | 27.37% | |||
G3 | 28.34% | 0.77% | 27.57% | |||
G4 | 28.67% | 0.77% | 27.90% | |||
G5 | 28.99% | 0.77% | 28.22% |
Loan Grade | Interest Rate | Reduction in Note Return due to 1.00% Servicing Fee* | Note Returns After Lending Club's Servicing Fee | |||
A1 | 5.32% | 0.41% | 4.91% | |||
A2 | 6.49% | 0.42% | 6.07% | |||
A3 | 6.97% | 0.42% | 6.55% | |||
A4 | 7.39% | 0.42% | 6.97% | |||
A5 | 7.89% | 0.42% | 7.47% | |||
B1 | 8.39% | 0.43% | 7.96% | |||
B2 | 9.16% | 0.43% | 8.73% | |||
B3 | 9.75% | 0.43% | 9.32% | |||
B4 | 10.75% | 0.44% | 10.31% | |||
B5 | 11.47% | 0.44% | 11.03% | |||
C1 | 11.99% | 0.44% | 11.55% | |||
C2 | 12.99% | 0.45% | 12.54% | |||
C3 | 13.67% | 0.45% | 13.22% | |||
C4 | 14.46% | 0.45% | 14.01% | |||
C5 | 15.31% | 0.46% | 14.85% | |||
D1 | 16.29% | 0.46% | 15.83% | |||
D2 | 17.27% | 0.46% | 16.81% | |||
D3 | 18.25% | 0.47% | 17.78% | |||
D4 | 18.99% | 0.47% | 18.52% | |||
D5 | 19.53% | 0.48% | 19.05% | |||
E1 | 19.99% | 0.48% | 19.51% | |||
E2 | 20.75% | 0.48% | 20.27% | |||
E3 | 21.18% | 0.48% | 20.70% | |||
E4 | 21.97% | 0.49% | 21.48% | |||
E5 | 22.45% | 0.49% | 21.96% | |||
F1 | 23.13% | 0.49% | 22.64% | |||
F2 | 24.11% | 0.50% | 23.61% | |||
F3 | 24.99% | 0.50% | 24.49% | |||
F4 | 25.88% | 0.51% | 25.37% | |||
F5 | 26.57% | 0.51% | 26.06% | |||
G1 | 27.34% | 0.51% | 26.83% | |||
G2 | 28.14% | 0.52% | 27.62% | |||
G3 | 28.34% | 0.52% | 27.82% | |||
G4 | 28.67% | 0.52% | 28.15% | |||
G5 | 28.99% | 0.52% | 28.47% |
LendingClub Corporation | ||
Date: January 28, 2016 | By: | /s/ Carrie Dolan |
Carrie Dolan | ||
Chief Financial Officer | ||
(duly authorized officer) |