Hartford Life plans principal-protected notes linked to three indexes

By Jennifer Chiou

New York, July 2 - Hartford Life Insurance Co. plans to price zero-coupon principal-protected medium-term notes due July 9, 2015 linked to a basket of three indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P 500 with a 50% weight, the Dow Jones Euro Stoxx 50 with a 35% weight and the Nikkei 225 with a 15% weight.

The notes are expected to price on July 3 and settle on July 9.

The payout at maturity will be par plus any basket gain multiplied by a participation rate that will be 100% to 110%. The exact participation rate will be set at pricing. Investors will receive at least par.

Lehman Brothers Inc. will be the lead agent.

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