JPMorgan Raises $6 Billion in Its First Bond Sale of Year

JPMorgan Chase & Co. sold $6 billion of investment-grade bonds, kicking off issuance by major Wall Street banks after releasing fourth-quarter results.

The bank priced notes in three parts spanning six to 11 years, according to a person familiar with the matter. The longest portion of the deal — a $3 billion note maturing in 2037 — will pay 0.76 percentage point above Treasuries, said the person, who asked not to be identified because they are not authorized to speak publicly. That’s roughly a quarter-point less than initial pricing discussions.