New Issue: Hartford Life sets terms on 0% principal-protected notes linked to S&P 500

By Jennifer Chiou

New York, Feb. 2 - Hartford Life Insurance Co. announced the terms of its offering of zero-coupon principal-protected notes due Feb. 6, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain on the index multiplied by the participation rate, which is 104%. Investors will receive at least par.

The agents for the offering are Bear, Stearns & Co. Inc., A.G. Edwards & Sons Inc., Banc of America Securities LLC, Charles Schwab & Co. Inc., Citigroup, Fidelity Capital Markets Services, Merrill Lynch & Co., Morgan Stanley, Piper Jaffray & Co., Raymond James, RBC Dain Rauscher Inc., Scott & Stringfellow Inc., UBS Investment Bank and Wachovia Securities.

Issuer:	Hartford Life Insurance Co.
Issue:	Principal-protected notes
Underlying index:	S&P 500
Maturity:	Feb. 6, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 104% of any gain; floor of par
Initial index level:	1,445.94
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Agents:	Bear, Stearns & Co. Inc., A.G. Edwards & Sons Inc., Banc of America Securities LLC, Charles Schwab & Co. Inc., Citigroup, Fidelity Capital Markets Services, Merrill Lynch & Co., Morgan Stanley, Piper Jaffray & Co., Raymond James, RBC Dain Rauscher Inc., Scott & Stringfellow Inc., UBS Investment Bank, Wachovia Securities
Fees:	2.75%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.