PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 47 Trade Date: 12/04/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 12/12/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is December 5, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UEV2 $16,112,000.00 4.00% 12/15/09 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) - ---------------- ----------------- ------------- -------------------------------- 1/15/03 Yes Yes 100% 12/15/03 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms - --------------- ----------- ----------- ------ ----------- $15,918,656.00 $193,344.00 $2.00 ABN AMRO Financial Services, Inc.