1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) UNITED PARCEL SERVICE, INC. UPS NOTES -------------------------------------------------------------------------------- Pricing Supplement No. 24 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 ----------- ---------------- ------------- ------------- --------------- 91131UAZ7 $1,780,000.00 6.25% 04/15/16 100% 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 --------------- ----------- ----------- ------ ----------- $1,748,850.00 $31,150 $3.50 ABN AMRO, Inc.