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Hartford Life plans zero-coupon principal-protected notes linked to S&P 500 via Bear Stearns
By Laura Lutz
Des Moines, Oct. 25 - Hartford Life Insurance Co. plans to price 0% principal-protected medium-term notes due Nov. 19, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain on the index, capped at a payout equal to 161.5% of par.
Investors will receive at least par.
The notes are expected to price on Nov. 14 and settle on Nov. 19.
Bear, Stearns & Co. Inc. is the agent.
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