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

By Jennifer Chiou

New York, March 30 - Hartford Life Insurance Co. plans to price zero-coupon principal-protected notes due April 23, 2012 linked to the Nikkei 225 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 128% and will be determined at pricing.

Investors will receive at least par.

The notes will price on April 18 and settle on April 23.

Bear, Stearns & Co. Inc. will be the lead agent for the offering. Other agents will include 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 and Wachovia Securities.

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