PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) UNITED PARCEL SERVICE, INC. UPS NOTES - -------------------------------------------------------------------------------- Pricing Supplement No. 23 Trade Date: 06/17/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 06/20/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is June 18, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDV3 $8,803,000.00 6.00% 06/15/17 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) - ---------------- ----------------- ---------- -------------------------------- 12/15/02 Yes Yes 100% 06/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms - --------------- ------------- ----------- ------ ----------- $8,692,962.50 $110,037.50 $3.50 ABN AMRO Financial Services, Inc.