Upstart Pass-Through Trust, Series 2021-ST5: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the class of notes (the Notes) to be issued by Upstart Pass-Through Trust, Series 2021-ST5 (UPSPT 2021-ST5). UPSPT 2021-ST5 represents the 20th rated term asset-backed security transaction collateralized by unsecured consumer loans originated through the platform created by Upstart Network, Inc. and the eleventh series of securities issued from the Upstart Pass-Through Trust. JUPS (an affiliate of Jefferies LLC and Jefferies Asset Funding LLC) has aggregated loans to be contributed to the Master Trust, which will issue the UPSPT Series 2021-ST5 Notes.