PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 17 Trade Date: 05/06/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 05/09/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is May 7, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDP6 $3,850,000.00 6.00% 05/15/17 100% 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 --------------- ----------- ----------- ------ ----------- $3,794,175.00 $55,825.00 $3.50 ABN AMRO Financial Services, Inc.