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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. 21 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
----------- ---------------- ------------- ------------- ---------------
91131UAW4 $1,587,000.00 5.65% 4/15/11 100%
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% 10/15/04
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$1,563,195.00 $23,805 $2.00 ABN AMRO, Inc.