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

By Angela McDaniels

Seattle, April 19 - Hartford Life Insurance Co. plans to price an offering of zero-coupon principal-protected notes due May 7, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will price on May 2 and settle on May 7.

The payout at maturity will be par plus any index gain multiplied by the participation rate, which will be at least 101% and will be determined at pricing.

Investors will receive at least par.

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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