PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
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Pricing Supplement No. 18 Trade Date: 05/13/02
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 05/16/02
Supplement dated December 20, 2001)
The date of this Pricing Supplement is May 14, 2002
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UDQ4 $6,865,000.00 5.00% 11/15/08 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
---------------- ----------------- ---------- --------------------------------
11/15/02 Yes Yes 100% 05/15/03
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ------------- ----------- ------ -----------
$6,803,215.00 $61,785.00 $2.00 ABN AMRO Financial
Services, Inc.