Published on 4/20/2007 in the Prospect News Structured Products Daily.
New Issue: Hartford Life's 0% principal-protected notes linked to S&P 500 sized at $0.202 million
New York, April 20 - Hartford Life Insurance Co.'s issue of zero-coupon principal-protected notes due April 23, 2014 linked to the S&P 500 index totaled $0.202 million, according to a source familiar with the deal.
As previously reported, the payout at maturity will be par plus 105% of any increase in the index. Investors will receive at least par.
Bear, Stearns & Co. Inc. is the lead agent.
Issuer: | Hartford Life Insurance Co.
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Issue: | Principal-protected medium-term notes
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Amount: | $0.202 million
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Underlying index: | S&P 500
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Maturity: | April 23, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 105% of any index gain; floor of par
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Initial index level: | 1,472.5
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Pricing date: | April 18
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Settlement date: | April 23
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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
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Agent fees: | 3.25%
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