PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 16 Trade Date: 04/29/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 05/02/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is April 30, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDN1 $8,332,000.00 6.00% 05/15/15 100% 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 - --------------- ----------- ----------- ------ ----------- $8,223,684.00 $108,316.00 $3.00 ABN AMRO Financial Services, Inc.