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Wachovia to price protected notes linked to Dow Industrials for Hartford Life
By Susanna Moon
Chicago, July 11 - Hartford Life Insurance Co. plans to price zero-coupon principal-protected notes due Jan. 15, 2013 linked to the Dow Jones Industrial Average via agent Wachovia Securities, according to a 424B5 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus the sum of the index's returns for each quarter throughout the life of the notes. The return in each quarter will be capped at 5%, and the minimum return at maturity will be 10% to 13%.
Pricing and settlement were not disclosed.
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