PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) UNITED PARCEL SERVICE, INC. UPS NOTES Pricing Supplement No. 15 Trade Date: 04/22/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 04/25/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is April 23, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDM3 $6,071,000.00 6.00% 10/15/14 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- 10/15/02 Yes Yes 100% 04/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $5,999,665.75 $71,334.25 $3.00 ABN AMRO Financial Services, Inc.