Hartford Life plans 0% principal-protected notes linked to S&P 500

By Laura Lutz

Des Moines, Jan. 8 - Hartford Life Insurance Co. plans to price 0% principal-protected medium-term notes due Jan. 30, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain on the index, capped at a payout equal to 152% of par.

Investors will receive at least par.

The notes are expected to price on Jan. 25 and settle on Jan. 30.

Bear, Stearns & Co. Inc. is the lead agent. The other agents are A.G. Edwards & Sons, Inc.; Banc of America Securities LLC; Charles Schwab & Co., Inc.; Citigroup; Fidelity Capital Markets Services; Janney Montgomery Scott LLC; Merrill Lynch & Co.; Morgan Keegan & Co., Inc.; Morgan Stanley; NatCity Investments, Inc.; Raymond James; RBC Dain Rauscher, Inc.; Robert W. Baird & Co. Inc.; Scott & Stringfellow, Inc.; UBS Investment Bank; and Wachovia Securities.

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