PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 10 Trade Date: 03/18/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 03/21/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is March 19, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDG6 $11,125,000.00 6.00% 03/15/14 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- 09/15/02 Yes Yes 100% 03/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $10,930,312.50 $194,687.50 $2.75 ABN AMRO Financial Services, Inc.