PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - ------------------------------------------------------------------------------- Pricing Supplement No. 18 Trade Date: 05/13/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 05/16/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is May 14, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDQ4 $6,865,000.00 5.00% 11/15/08 100% 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 --------------- ------------- ----------- ------ ----------- $6,803,215.00 $61,785.00 $2.00 ABN AMRO Financial Services, Inc.