PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
UNITED PARCEL SERVICE, INC.
UPS NOTES
--------------------------------------------------------------------------------
Pricing Supplement No. 23 Trade Date: 06/17/02
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 06/20/02
Supplement dated December 20, 2001)
The date of this Pricing Supplement is June 18, 2002
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UDV3 $8,803,000.00 6.00% 06/15/17 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
---------------- ----------------- ---------- --------------------------------
12/15/02 Yes Yes 100% 06/15/03
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ------------- ----------- ------ -----------
$8,692,962.50 $110,037.50 $3.50 ABN AMRO Financial
Services, Inc.