New Issue: Hartford Life sets terms on principal-protected notes linked to S&P 500

By Angela McDaniels

Seattle, July 19 - Hartford Life Insurance Co. set the terms on an undisclosed amount of zero-coupon principal-protected notes due July 23, 2014 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 102% of any index gain. Investors will receive at least par.

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

Issuer:	Hartford Life Insurance Co.
Issue:	Principal-protected notes
Underlying index:	S&P 500
Maturity:	July 23, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 102% of any index gain; floor of par
Initial index level:	1,546.17
Pricing date:	July 18
Settlement date:	July 23
Agents:	Bear, Stearns & Co. Inc. (lead); 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
Fees:	3.25%

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