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PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
UNITED PARCEL SERVICE, INC.
UPS NOTES
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Pricing Supplement No. 23 Trade Date: 04/09/01
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 04/12/01
Supplement dated January 29, 2001)
The date of this Pricing Supplement is April 11, 2001
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UAY0 $4,575,000.00 5.25% 10/15/06 100%
Interest Payment
Frequency Dates and terms of redemption
(begin date) Survivor's Option Subject to Redemption (including the redemption price)
---------------- ----------------- --------------------- -------------------------------
10/15/01 Yes Yes 100% 04/15/02
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$4,520,100.00 $54,900 $1.50 ABN AMRO, Inc.