Published on 7/19/2007 in the Prospect News Structured Products Daily.
New Issue: Hartford Life sets terms on principal-protected notes linked to S&P 500
By Angela McDaniels
Seattle, July 19 - Hartford Life Insurance Co. set the terms on an undisclosed amount of zero-coupon principal-protected notes due July 23, 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 102% of any index gain. 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 notes
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Underlying index: | S&P 500
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Maturity: | July 23, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 102% of any index gain; floor of par
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Initial index level: | 1,546.17
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Pricing date: | July 18
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Settlement date: | July 23
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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
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Fees: | 3.25%
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