PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - ------------------------------------------------------------------------------- Pricing Supplement No. 7 Trade Date: 02/25/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 02/28/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is February 27, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDD3 $14,377,000.00 6.00% 02/15/17 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- --------------------- -------------------------------- 08/15/02 Yes Yes 100% 02/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ------------- ----------- ------ ----------- $14,175,722.00 $201,278.00 $3.50 ABN AMRO Financial Services, Inc.