Published on 6/3/2008 in the Prospect News Structured Products Daily.
New Issue: Wachovia prices $2 million principal-protected notes linked to euro for Hartford
By Susanna Moon
Chicago, June 3 - Hartford Life Insurance Co. priced a $2 million issue of 0% principal-protected notes due June 4, 2010 linked to the performance of the euro versus the dollar, according to a 424B5 filing with the Securities and Exchange Commission.
Wachovia Capital Markets, LLC is the agent.
If the euro falls against the dollar, the payout at maturity will be par plus 80% of the absolute value of the decline. Investors will receive at least par.
| Issuer: | Hartford Life Insurance Co.
|
| Issue: | Principal-protected notes
|
| Underlying currency: | Euro versus dollar
|
| Amount: | $2 million
|
| Maturity: | June 4, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 80% of absolute value of any decline in euro against dollar; floor of par
|
| Initial spot rate: | 0.64483
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | Wachovia Capital Markets, LLC
|
| Fees: | 1%
|
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