New Issue: Hartford Life sells $0.49 million 0% principal-protected notes linked to S&P 500

By Jennifer Chiou

New York, Feb. 5 - Hartford Life Insurance Co. sold $0.49 million of zero-coupon principal-protected notes due Feb. 6, 2013 linked to the S&P 500 index, according to a market source.

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 lead agent for the offering was Bear, Stearns & Co. Inc. Other agents included 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
Amount:	$0.49 million
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. (lead), 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%

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