Lending Club seeks to regularly adapt to competitive, macroeconomic and credit trends. Our approach to risk management is a continuous, proactive process that runs against a constantly shifting set of conditions. We test and monitor borrower results and, when necessary, adjust using a disciplined, deliberate and data-driven approach. Credit criteria are generally updated quarterly and changes are communicated to investors.

Effective January 11, 2017, Lending Club is updating loss forecasts as part of our regular and continuous adjustment process.

Please see the summary table below and see here for additional information. You can also find more information about when we update interest rates and charge off rates here.

Platform Summary as of January 11, 2017

36-Month & 60-Month Prime Loans

Loan Grade Average Interest Rate Forecasted Annualized Net Credit Loss (1) Projected Investor Returns (2), (3) A 7.01% 1.83% 4.35% B 10.73% 3.83% 5.90% C 14.06% 6.27% 6.57% D 18.08% 9.38% 6.91% E 24.29% 13.92% 7.86% F 29.33% 16.98% 9.06% G 30.89% 16.99% 10.51%

(1) “Annualized Net Credit Loss” is also known as Expected Charge-Off Rate. Expected Charge-Off rates vary by loan grade and are based on historical data, expected performance, macroeconomic conditions and other factors. Expected Charge-Off Rates are provided as an informational tool, are not a promise of future charge-offs and should not be relied upon. The metric includes the impact of any prepayments.

(2) "Projected Return" is a measure of potential returns on invested principal. It is calculated as follows: Average Effective Interest Rate - Expected Charge Off Rate - Estimated Fees. Projected Returns are provided as an informational tool, are not a promise of future expected returns and should not be relied upon. Projected Returns have been calculated by Lending Club as of January 11, 2017, and are based on Lending Club’s assumptions regarding future interest rates, prepayment rates, delinquency rates and charge-off rates, among other things. Actual returns may differ materially from projected returns if Lending Club’s assumptions regarding such rates are different from actual future rates or if there are changes in other market conditions. Actual returns experienced by any individual portfolio may be impacted by, among other things, the size and diversity of the portfolio, its exposure to particular loans, borrowers, or groups of loans or borrowers, as well as macroeconomic conditions.

(3) Projected returns calculated based on grade and maturity mix for the six weeks ending December 1, 2016.

(4) The forecasts and projections noted above reflect the latest information available to us and are not a guarantee of future performance.

Notes are offered by prospectus filed with the SEC. You should review the risks and uncertainties described in the prospectus prior to investing in the Notes.