PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
UNITED PARCEL SERVICE, INC.
UPS NOTES
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Pricing Supplement No. 27 Trade Date: 07/12/02
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/18/02
Supplement dated December 20, 2001)
The date of this Pricing Supplement is July 15, 2002
CUSP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UDZ4 $12,390,000.00 5.00% 01/15/11 100%
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
--------------- ------------- ----------- ------ -----------
$12,237,603.00 $152,397.00 $2.00 ABN AMRO Financial
Services, Inc.