By Laura Lutz
Des Moines, Jan. 28 - Hartford Life Insurance Co. set terms for its zero-coupon principal-protected medium-term notes due Jan. 30, 2013 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.
The size of the offering was not announced.
The payout at maturity will be par plus any gain on the index, capped at a payout equal to 152% of par.
Investors will receive at least par.
Bear, Stearns & Co. Inc. is the agent.
| Issuer: | Hartford Life Insurance Co.
|
| Issue: | Principal-protected medium term notes
|
| Underlying index: | S&P 500
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus gain on index, capped at 152% of par
|
| Initial level: | 1,330.61
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | Bear, Stearns & Co. Inc.
|
| Fees: | 2.75%
|
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