UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G
OF THE SECURITIES EXCHANGE ACT OF 1934

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐	Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________ to __________.

	Date of Report (Date of earliest event reported): ___________

	Commission File Number of securitizer: ___________

	Central Index Key Number of securitizer: ___________


	(Name and telephone number, including area code,
	of the person to contact in connection with this filing)

	Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1): ☐

	Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i): ☐

	Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii): ☐

☒	Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2).

	Central Index Key Number of securitizer: 0001897077

	PAGAYA AI DEBT GRANTOR TRUST 2026-R2
	PAGAYA AI DEBT TRUST 2026-R2
	(Exact name of issuing entity as specified in its charter)

	Central Index Key Number of issuing entity (if applicable): ___________

	Central Index Key Number of underwriter (if applicable): ___________

	Sahil Chandiramani – 646-214-8587
	(Name and telephone number, including area code,
	of the person to contact in connection with this filing)

INFORMATION TO BE INCLUDED IN THE REPORT

PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

Attached as Exhibit 99.1 hereto is an agreed-upon procedures report, dated April 1, 2026, of Deloitte & Touche LLP, which report sets forth the findings and conclusions, as applicable, of Deloitte & Touche LLP with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 1, 2026	Pagaya Structured Products LLC (Securitizer)

	By:	/s/ Sahil Chandiramani
		Name: Sahil Chandiramani
		Title: Head of Capital Markets