PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes -------------------------------------------------------------------------------- Pricing Supplement No. 68 Trade Date: 12/17/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 12/20/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is December 19, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UCV4 $5,108,000.00 5.85% 12/15/11 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- 06/15/02 Yes Yes 100% 12/15/02 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ------------- ----------- ------ ----------- $5,031,380.00 $76,620.00 $2.00 ABN AMRO Financial Services, Inc.