Upstart Pass-Through Trust, Series 2021-ST4: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the notes (the Notes) to be issued by Upstart Pass-Through Trust, Series 2021-ST4 (UPSPT 2021-ST4). UPSPT 2021-ST4 represents the 19th rated term asset-backed security transaction collateralized by unsecured consumer loans originated through the platform created by Upstart Network, Inc. and the tenth 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-ST4 Notes.