New Issue: Hartford Life prices $1.389 million 0% principal-protected notes linked to S&P 500

By Jennifer Chiou

New York, March 15 - Hartford Life Insurance Co. priced a $1.389 million issue of zero-coupon principal-protected notes due March 19, 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 101%.

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
Amount:	$1.389 million
Maturity:	March 19, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 101% of any gain; floor of par
Initial index level:	1,387.17
Pricing date:	March 14
Settlement date:	March 19
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 and Wachovia Securities
Agent fees:	3%

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