Hartford Life to price 0% principal-protected notes linked to S&P 500

By Angela McDaniels

Seattle, March 1 - Hartford Life Insurance Co. plans to price an offering of zero-coupon principal-protected notes due March 19, 2013 linked to the S&P 500 index., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the index level multiplied by the participation rate, which will be at least 100% and will be determined at pricing.

Investors will receive at least par.

The agents will include Bear, Stearns & Co. Inc.; A.G. Edwards & Sons, Inc.; Banc of America Securities LLC; Charles Schwab & Co., Inc.; Citigroup; Fidelity Capital Markets Services, a division of National Financial Services, LLC; Merrill Lynch & Co.; Morgan Stanley; Piper Jaffray & Co.; Raymond James; RBC Dain Rauscher, Inc.; Scott & Stringfellow, Inc.; UBS Investment Bank; Wachovia Securities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.