You should be prepared to hold any Note you purchase through to its maturity. The date of maturity may be 36 months or 60 months following the date the Note is issued, depending on the term of the Note. There is a secondary market that may provide liquidity in certain circumstances. FOLIOfn Investments, Inc. (Folio Investing),* a registered broker-dealer, offers the Note Trading Platform where investors may be able to post some or all of their Notes for sale. You can apply for an account with Folio Investing by clicking the “Trading Account” link on the "Invest" tab in your Lending Club account. Please be aware that the Folio Investing Note Trading Platform is not available to residents of all states.
If you choose to list your Notes for sale, there is no guarantee that you will find a buyer for those Notes. If you find a buyer, Folio Investing will charge a 1% trading fee on the sale price of each Note sold. Only Notes that were issued after October 12, 2008 can be traded on the Note Trading Platform.
* FOLIOfn Investments, Inc. (“Folio Investing”) is a registered broker-dealer and member of FINRA and SIPC and operates the Note Trading Platform. Folio Investing is based in McLean, VA and is not affiliated with Lending Club. Folio Investing has no role in the original issuance of the Notes and is not responsible for and does not approve, endorse, review, recommend or guarantee the Notes or the accuracy, reliability, or completeness of any data or information about the Notes. More information about Folio Investing is available at www.folioinvesting.com.