New Issue: Lehman sells $7.5 million principal-protected notes linked to S&P 500 for Hartford

By Susanna Moon

Chicago, July 8 - Hartford Life Insurance Co. priced $7.5 million of zero-coupon principal-protected medium-term notes due July 9, 2015 linked to a basket of indexes via Lehman Brothers Inc., according to a 424B5 filing with the Securities and Exchange Commission.

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

Payout at maturity will be par plus 105% of any gain on the basket.

Investors will receive at least par.

Issuer:	Hartford Life Insurance Co.
Issue:	Principal-protected medium-term notes
Underlying indexes:	S&P 500 (50% weight), Dow Jones Euro Stoxx 50 (35% weight) and Nikkei 225 (15% weight)
Amount:	$7.5 million
Maturity:	July 9, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 105% of any basket gain
Initial levels:	1,262.9 for S&P, 3,330.9 for Euro Stoxx and 13,265.4 for Nikkei
Pricing date:	July 3
Settlement date:	July 9
Agent:	Lehman Brothers Inc.
Fees:	5%

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