New Issue: Hartford Life prices $242,000 0% principal-protected notes linked to S&P 500

By Angela McDaniels

Seattle, March 29 - Hartford Life Insurance Co. priced a $242,000 issue of zero-coupon principal-protected notes due April 2, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 103% of any percentage increase in the index level. Investors will receive at least par.

Bear, Stearns & Co. Inc. is the lead agent.

Issuer:	Hartford Life Insurance Co.
Issue:	Principal-protected medium-term notes
Underlying index:	S&P 500
Amount:	$242,000
Maturity:	April 2, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 103% of any index gain; floor of par
Initial index level:	1,417.23
Pricing date:	March 28
Settlement date:	April 2
Agents:	Bear, Stearns & Co. Inc., A.G. Edwards & Sons Inc., Banc of America Securities LLC, Charles Schwab & Co. Inc., Citigroup, Fidelity Capital Markets Services, Merrill Lynch & Co., Morgan Stanley, Piper Jaffray & Co., Raymond James, RBC Dain Rauscher Inc., Scott & Stringfellow Inc., UBS Investment Bank, Wachovia Securities
Agent fees:	3%

© 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.