PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - ------------------------------------------------------------------------------- Pricing Supplement No. 24 Trade Date: 06/24/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 06/27/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is June 26, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDW1 $14,326,000.00 5.00% 12/15/10 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) - ---------------- ----------------- ---------- -------------------------------- 07/15/02 Yes Yes 100% 06/15/03 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms - --------------- ----------- ----------- ------ ----------- $14,154,088.00 $171,912.00 $2.00 ABN AMRO Financial Services, Inc.