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Hartford Life plans 0% principal-protected notes linked to S&P 500 via Bear Stearns
By Laura Lutz
Des Moines, March 11 - Hartford Life Insurance Co. plans to price 0% principal-protected medium-term notes due March 31, 2014 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 178% of par.
Investors will receive at least par.
The notes are expected to price on March 26 and settle on March 31.
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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