Hartford Life plans principal-protected notes linked to S&P 500

By Laura Lutz

Des Moines, June 28 - Hartford Life Insurance Co. plans to price an issue of principal-protected medium-term notes due July 23, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price on July 18 and settle on July 23.

The payout at maturity will be par plus any index gain multiplied by a participation rate that will be at least 102%. The exact participation rate will be set 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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