PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 42 Trade Date: 10/28/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 10/31/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is October 29, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UEQ3 $8,794,000.00 5.00% 10/15/13 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ----------- -------------------------------- 11/15/02 Yes Yes 100% 10/15/03 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $8,679,678.00 $114,322.00 $2.25 ABN AMRO Financial Services, Inc.