PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes ------------------------------------------------------------------------------- Pricing Supplement No. 22 Trade Date: 06/10/02 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 06/13/02 Supplement dated December 20, 2001) The date of this Pricing Supplement is June 11, 2002 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UDU5 $3,719,000.00 4.00% 06/15/06 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- --------------------- -------------------------------- 07/15/02 Yes Yes 100% 06/15/03 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $3,686,458.75 $32,541.25 $1.50 ABN AMRO Financial Services, Inc.