PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - ------------------------------------------------------------------------------- Pricing Supplement No. 25 Trade Date: 06/26/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/05/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is June 28, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDX9 $3,665,000.00 5.25% 07/15/12 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) - ---------------- ----------------- ---------- -------------------------------- 08/15/02 Yes Yes 100% 07/15/03 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms - --------------- ----------- ----------- ------ ----------- $3,621,020.00 $43,980.00 $2.00 ABN AMRO Financial Services, Inc.