PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) UNITED PARCEL SERVICE, INC. UPS NOTES - -------------------------------------------------------------------------------- Pricing Supplement No. 34 Trade Date: 09/03/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 09/06/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is September 4, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UEG5 $7,637,000.00 5.25% 09/15/17 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- 03/15/03 Yes Yes 100% 09/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $7,503,352.50 $133,647.50 $3.50 ABN AMRO Financial Services, Inc.