PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 37 Trade Date: 09/23/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 09/26/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is September 24, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UEK6 $9,689,000.00 4.10% 09/15/10 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to 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 --------------- ------------- ----------- ------------------ ----------- $9,563,043.00 $125,957.00 $2.00 ABN AMRO Financial Services, Inc.