Who sets the price of a Note?
The Asking Price of a Note is determined by the seller. Notes may be listed at prices ranging from $0.01 up to 70% above the total value of accrued interest plus outstanding principal. Prior to submitting any purchase order, Buyers should understand how the price and other factors affect the expected yield to maturity of any Note. Buyers are not charged a fee for purchasing a Note on the Note Trading Platform. Keep in mind that Lending Club charges a service fee on every cash payment that an owner of a Note receives.