Hartford Life plans to price 0% principal-protected notes linked to Nikkei 225

By Angela McDaniels

Seattle, March 2 - Hartford Life Insurance Co. plans to price zero-coupon principal-protected notes linked to the Nikkei 225 index from time to time, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus a supplemental amount equal to any increase in the index level multiplied by the participation rate.

Some note issues may include a coupon, minimum supplemental amount, maximum supplemental amount or an off-set amount, a percentage that would be subtracted from the supplemental amount.

The agent for each offering will be specified in the pricing supplement. Bear, Stearns & Co. Inc. was noted as a possible agent.

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