New Issue: Hartford Life prices $320,000 principal-protected notes linked to S&P 500

By Laura Lutz

Des Moines, June 28 - Hartford Life Insurance Co. priced a $320,000 issue of zero-coupon principal-protected medium-term notes due July 2, 2014 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 104% of any index gain. Investors will receive at least par.

Bear, Stearns & Co. Inc. is the lead agent for the offering.

Other agents include 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 medium-term notes
Underlying index:	S&P 500
Amount:	$320,000
Maturity:	July 2, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 104% of any index gain; floor of par
Initial index level:	1,506.34
Pricing date:	June 27
Settlement date:	July 2
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:	3.25%

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