New Issue: Hartford prices $28.3 million principal-protected notes tied to four currencies via Merrill Lynch

By Angela McDaniels

Tacoma, Wash., Sept. 2 - Hartford Life Insurance Co. priced $28.3 million of zero-coupon 100% principal-protected currency notes due March 3, 2010 linked to a basket of currencies via Merrill Lynch & Co. and First Republic Securities Co., LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes the Russian ruble, Indonesian rupiah, Malaysian ringgit and Singapore dollar, equally weighted.

If the basket appreciates relative to the U.S. dollar, the payout at maturity will be par of $10 plus 131% of the gain. If the basket depreciates relative to the U.S. dollar, the payout will be par.

Issuer:	Hartford Life Insurance Co.
Issue:	100% principal-protected currency notes
Underlying currencies:	Russian ruble, Indonesian rupiah, Malaysian ringgit and Singapore dollar, equally weighted
Amount:	$28.3 million
Maturity:	March 3, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 131% of any gain in the basket versus the U.S. dollar; floor of par
Initial exchange rates:	24.5658 rubles per U.S. dollar; 9,158 rupiah per U.S. dollar; 3.3759 ringgit per U.S. dollar; 1.4137 Singapore dollar per U.S. dollar
Pricing date:	Aug. 28
Settlement date:	Sept. 10
Underwriters:	Merrill Lynch & Co. and First Republic Securities Co., LLC
Fees:	1.5%

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