1 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: 04/02/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 04/05/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is April 4, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UAX2 $6,291,000.00 6.0% 4/15/16 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- 10/15/01 Yes Yes 100% 04/15/04 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $6,184,053.00 $106,947.00 $3.50 ABN AMRO, Inc.