By Jennifer Chiou
New York, Feb. 15 - Hartford Life Insurance Co. set the terms on an undisclosed amount of zero-coupon principal-protected notes due Feb. 20, 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 103%.
Investors will receive at least par.
Bear, Stearns & Co. Inc. is the agent.
Issuer: | Hartford Life Insurance Co.
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Issue: | Principal-protected notes
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Underlying index: | S&P 500
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Maturity: | Feb. 20, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 103% of any gain; floor of par
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Initial index level: | 1,455.3
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Pricing date: | Feb. 14
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Settlement date: | Feb. 20
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Agent: | Bear, Stearns & Co. Inc.
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Fees: | 3%
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