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    SEC Form FWP filed by United Parcel Service Inc.

    5/12/25 5:09:49 PM ET
    $UPS
    Trucking Freight/Courier Services
    Industrials
    Get the next $UPS alert in real time by email
    FWP 1 tm2514602d3_fwp.htm FWP

     

    Registration Statement

    No. 333-285036

    May 12, 2025

     

    United Parcel Service, Inc.

     

    FINAL TERM SHEET

     

    Security Offered: 4.650% Senior Notes due 2030 (the “2030 Notes”)
    Issuer: United Parcel Service, Inc. (the “Company”)
    Expected Ratings (Moody’s / S&P):* A2/A
    Principal Amount: $500,000,000
    Trade Date: May 12, 2025
    Settlement Date: May 14, 2025 (T+2)
    Maturity Date: October 15, 2030
    Price to Public: 99.999% of the principal amount
    Benchmark Treasury: 3.875% due April 30, 2030
    Benchmark Treasury Price /  Yield: 98-31 3/4 / 4.101%
    Spread to Benchmark Treasury: +55 basis points
    Yield to Maturity: 4.651%
    Coupon (Interest Rate): 4.650%
    Record Dates: April 1 and October 1 of each year, commencing on October 1, 2025
    Interest Payment Dates: April 15 and October 15 of each year, commencing October 15 2025
    Minimum Denominations: The 2030 Notes will be issued in denominations of $2,000 and in integral multiples of $1,000.

    Optional Redemption:

    The 2030 Notes will be redeemable at any time prior to September 15, 2030 (the “2030 Notes Par Call Date”), as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior written notice mailed to the registered address of each holder of the notes to be redeemed, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2030 Notes matured on the 2030 Notes Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, as defined in the preliminary prospectus supplement of the Company, dated the date hereof, plus 10 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 2030 Notes to be redeemed, plus, in either case, accrued and unpaid interest, if any, on the principal amount of the 2030 Notes to be redeemed to, but excluding, the redemption date.

    The 2030 Notes will be redeemable at any time on or after the 2030 Notes Par Call Date, as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior notice mailed to the registered address of each holder of 2030 Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the 2030 Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the 2030 Notes to be redeemed to, but excluding, the redemption date.

     

     

     

     

    CUSIP: 911312CH7
    ISIN: US911312CH75
    Form: DTC, Book-Entry
    Law: New York
    Joint Book-Running Managers:

    Barclays Capital Inc.

    Citigroup Global Markets Inc.

    Goldman Sachs & Co. LLC

    SG Americas Securities, LLC

    Wells Fargo Securities, LLC

     

    BNP Paribas Securities Corp.

    BofA Securities, Inc.

    J.P. Morgan Securities LLC

    Morgan Stanley & Co. LLC

    TD Securities (USA) LLC

    U.S. Bancorp Investments, Inc.

    Co-Managers:

    Drexel Hamilton, LLC

    Loop Capital Markets LLC

    Samuel A. Ramirez & Company, Inc.

    Siebert Williams Shank & Co., LLC

    Telsey Advisory Group LLC

    Concurrent Offerings: Concurrent with the offering of the 2030 Notes, the Company is offering its 5.250% Senior Notes due 2035, its 5.950% Senior Notes due 2055 and its 6.050% Senior Notes due 2065.

     

    It is expected that delivery of the 2030 Notes will be made against payment therefor on or about May 14, 2025, which will be the second business day following the date of pricing of the 2030 Notes (such settlement cycle being referred to herein as “T+2”). Under Rule 15c6-1 pursuant to the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the 2030 Notes more than one business day prior to the date of delivery of the 2030 Notes will be required, by virtue of the fact that the 2030 Notes initially will settle in T+2, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the 2030 Notes who wish to trade the 2030 Notes during such period should consult their own advisor.

     

    To the extent any Underwriter that is not a U.S. registered broker-dealer intends to effect sales of 2030 Notes in the United States, it will do so through one or more U.S. registered broker-dealers in accordance with the applicable U.S. securities laws and regulations.

     

    *Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

     

    The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. The Company files annual, quarterly, and current reports, proxy statements and other information with the SEC. Before you invest, you should read the preliminary prospectus supplement for this offering, the Company’s prospectus in that registration statement and any other documents the Company has filed with the SEC for more complete information about the Company and this offering. We urge you to read these documents and any other relevant documents when they become available because they contain and will contain important information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov.

     

    Alternatively, the Company, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Barclays Capital Inc. at (888) 603-5847 (toll free); Citigroup Global Markets Inc. at 1-800-831-9146; Goldman Sachs & Co. LLC toll-free at 1-866-471-2526; SG Americas Securities, LLC at 1-855-881-2108; or Wells Fargo Securities, LLC at 1-800-645-3751.

     

     

     

     

    This pricing term sheet supplements the preliminary prospectus supplement issued by United Parcel Service, Inc. on May 12, 2025 relating to its prospectus declared effective by the SEC on April 9, 2025 (such prospectus, as supplemented by such preliminary prospectus supplement, the “Preliminary Prospectus”). The information in this pricing term sheet supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus.

     

    No EEA or UK PRIIPs KID – No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK.

     

    ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

     

     

     

     

    Registration Statement

    No. 333-285036

    May 12, 2025

     

    United Parcel Service, Inc.

     

    FINAL TERM SHEET

     

    Security Offered: 5.250% Senior Notes due 2035 (the “2035 Notes”)
    Issuer: United Parcel Service, Inc. (the “Company”)
    Expected Ratings (Moody’s / S&P):* A2/A
    Principal Amount: $1,250,000,000
    Trade Date: May 12, 2025
    Settlement Date: May 14, 2025 (T+2)
    Maturity Date: May 14, 2035
    Price to Public: 99.746% of the principal amount
    Benchmark Treasury: 4.250% due May 15, 2035
    Benchmark Treasury Price /  Yield: 98-09 / 4.463%
    Spread to Benchmark Treasury: +82 basis points
    Yield to Maturity: 5.283%
    Coupon (Interest Rate): 5.250%
    Record Dates: May 1 and November 1 of each year, commencing on November 1, 2025
    Interest Payment Dates: May 14 and November 14 of each year, commencing November 14, 2025
    Minimum Denominations: The 2035 Notes will be issued in denominations of $2,000 and in integral multiples of $1,000.

    Optional Redemption:

    The 2035 Notes will be redeemable at any time prior to February 14, 2035 (the “2035 Notes Par Call Date”), as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior written notice mailed to the registered address of each holder of the notes to be redeemed, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2035 Notes matured on the 2035 Notes Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, as defined in the preliminary prospectus supplement of the Company, dated the date hereof, plus 15 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 2035 Notes to be redeemed, plus, in either case, accrued and unpaid interest, if any, on the principal amount of the 2035 Notes to be redeemed to, but excluding, the redemption date.

    The 2035 Notes will be redeemable at any time on or after the 2035 Notes Par Call Date, as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior notice mailed to the registered address of each holder of 2035 Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the 2035 Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the 2035 Notes to be redeemed to, but excluding, the redemption date.

     

     

     

     

    CUSIP: 911312CJ3
    ISIN: US911312CJ32
    Form: DTC, Book-Entry
    Law: New York
    Joint Book-Running Managers:

    Barclays Capital Inc.

    Citigroup Global Markets Inc.

    Goldman Sachs & Co. LLC

    SG Americas Securities, LLC

    Wells Fargo Securities, LLC

     

    BNP Paribas Securities Corp.

    BofA Securities, Inc.

    J.P. Morgan Securities LLC

    Morgan Stanley & Co. LLC

    TD Securities (USA) LLC

    U.S. Bancorp Investments, Inc.

    Co-Managers:

    Drexel Hamilton, LLC

    Loop Capital Markets LLC

    Samuel A. Ramirez & Company, Inc.

    Siebert Williams Shank & Co., LLC

    Telsey Advisory Group LLC

    Concurrent Offerings: Concurrent with the offering of the 2035 Notes, the Company is offering its 4.650% Senior Notes due 2030, 5.950% Senior Notes due 2055, and its 6.050% Senior Notes due 2065.

     

    It is expected that delivery of the 2035 Notes will be made against payment therefor on or about May 14, 2025, which will be the second business day following the date of pricing of the 2035 Notes (such settlement cycle being referred to herein as “T+2”). Under Rule 15c6-1 pursuant to the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the 2035 Notes more than one business day prior to the date of delivery of the 2035 Notes will be required, by virtue of the fact that the 2035 Notes initially will settle in T+2, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the 2035 Notes who wish to trade the 2035 Notes during such period should consult their own advisor.

     

    To the extent any Underwriter that is not a U.S. registered broker-dealer intends to effect sales of 2035 Notes in the United States, it will do so through one or more U.S. registered broker-dealers in accordance with the applicable U.S. securities laws and regulations.

     

    *Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

     

    The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. The Company files annual, quarterly, and current reports, proxy statements and other information with the SEC. Before you invest, you should read the preliminary prospectus supplement for this offering, the Company’s prospectus in that registration statement and any other documents the Company has filed with the SEC for more complete information about the Company and this offering. We urge you to read these documents and any other relevant documents when they become available because they contain and will contain important information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov.

     

    Alternatively, the Company, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Barclays Capital Inc. at (888) 603-5847 (toll free); Citigroup Global Markets Inc. at 1-800-831-9146; Goldman Sachs & Co. LLC toll-free at 1-866-471-2526; SG Americas Securities, LLC at 1-855-881-2108; or Wells Fargo Securities, LLC at 1-800-645-3751.

     

     

     

     

    This pricing term sheet supplements the preliminary prospectus supplement issued by United Parcel Service, Inc. on May 12, 2025 relating to its prospectus declared effective by the SEC on April 9, 2025 (such prospectus, as supplemented by such preliminary prospectus supplement, the “Preliminary Prospectus”). The information in this pricing term sheet supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus.

     

    No EEA or UK PRIIPs KID – No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK.

     

    ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

     

     

     

     

    Registration Statement

    No. 333-285036

    May 12, 2025

     

    United Parcel Service, Inc.

     

    FINAL TERM SHEET

     

    Security Offered: 5.950% Senior Notes due 2055 (the “2055 Notes”)
    Issuer: United Parcel Service, Inc. (the “Company”)
    Expected Ratings (Moody’s / S&P):* A2/A
    Principal Amount: $1,250,000,000
    Trade Date: May 12, 2025
    Settlement Date: May 14, 2025 (T+2)
    Maturity Date: May 14, 2055
    Price to Public: 99.556% of the principal amount
    Benchmark Treasury: 4.625% due February 15, 2055
    Benchmark Treasury Price /  Yield: 95-17 / 4.912%
    Spread to Benchmark Treasury: +107 basis points
    Yield to Maturity: 5.982%
    Coupon (Interest Rate): 5.950%
    Record Dates: May 1 and November 1 of each year, commencing on November 1, 2025
    Interest Payment Dates: May 14 and November 14 of each year, commencing November 14, 2025
    Minimum Denominations: The 2055 Notes will be issued in denominations of $2,000 and in integral multiples of $1,000.

    Optional Redemption:

    The 2055 Notes will be redeemable at any time prior to November 14, 2054 (the “2055 Notes Par Call Date”), as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior written notice mailed to the registered address of each holder of the notes to be redeemed, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2055 Notes matured on the 2055 Notes Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, as defined in the preliminary prospectus supplement of the Company, dated the date hereof, plus 20 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 2055 Notes to be redeemed, plus, in either case, accrued and unpaid interest, if any, on the principal amount of the 2055 Notes to be redeemed to, but excluding, the redemption date.

    The 2055 Notes will be redeemable at any time on or after the 2055 Notes Par Call Date, as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior notice mailed to the registered address of each holder of 2055 Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the 2055 Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the 2055 Notes to be redeemed to, but excluding, the redemption date.

     

     

     

     

    CUSIP: 911312CK0
    ISIN: US911312CK05
    Form: DTC, Book-Entry
    Law: New York
    Joint Book-Running Managers:

    Barclays Capital Inc.

    Citigroup Global Markets Inc.

    Goldman Sachs & Co. LLC

    SG Americas Securities, LLC

    Wells Fargo Securities, LLC

     

    BNP Paribas Securities Corp.

    BofA Securities, Inc.

    J.P. Morgan Securities LLC

    Morgan Stanley & Co. LLC

    TD Securities (USA) LLC 

    U.S. Bancorp Investments, Inc.

     Co-Managers:

    Drexel Hamilton, LLC

    Loop Capital Markets LLC

    Samuel A. Ramirez & Company, Inc.

    Siebert Williams Shank & Co., LLC

    Telsey Advisory Group LLC

    Concurrent Offerings: Concurrent with the offering of the 2055 Notes, the Company is offering its 4.650% Senior Notes due 2030, its 5.250% Senior Notes due 2035 and its 6.050% Senior Notes due 2065.

     

    It is expected that delivery of the 2055 Notes will be made against payment therefor on or about May 14, 2025, which will be the second business day following the date of pricing of the 2055 Notes (such settlement cycle being referred to herein as “T+2”). Under Rule 15c6-1 pursuant to the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the 2055 Notes more than one business day prior to the date of delivery of the 2055 Notes will be required, by virtue of the fact that the 2055 Notes initially will settle in T+2, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the 2055 Notes who wish to trade the 2055 Notes during such period should consult their own advisor.

     

    To the extent any Underwriter that is not a U.S. registered broker-dealer intends to effect sales of 2055 Notes in the United States, it will do so through one or more U.S. registered broker-dealers in accordance with the applicable U.S. securities laws and regulations.

     

    *Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

     

    The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. The Company files annual, quarterly, and current reports, proxy statements and other information with the SEC. Before you invest, you should read the preliminary prospectus supplement for this offering, the Company’s prospectus in that registration statement and any other documents the Company has filed with the SEC for more complete information about the Company and this offering. We urge you to read these documents and any other relevant documents when they become available because they contain and will contain important information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov.

     

    Alternatively, the Company, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Barclays Capital Inc. at (888) 603-5847 (toll free); Citigroup Global Markets Inc. at 1-800-831-9146; Goldman Sachs & Co. LLC toll-free at 1-866-471-2526; SG Americas Securities, LLC at 1-855-881-2108; or Wells Fargo Securities, LLC at 1-800-645-3751.

     

     

     

     

    This pricing term sheet supplements the preliminary prospectus supplement issued by United Parcel Service, Inc. on May 12, 2025 relating to its prospectus declared effective by the SEC on April 9, 2025 (such prospectus, as supplemented by such preliminary prospectus supplement, the “Preliminary Prospectus”). The information in this pricing term sheet supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus.

     

    No EEA or UK PRIIPs KID – No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK.

     

    ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

     

     

     

     

    Registration Statement

    No. 333-285036

    May 12, 2025

     

    United Parcel Service, Inc.

     

    FINAL TERM SHEET

     

    Security Offered: 6.050% Senior Notes due 2065 (the “2065 Notes”)
    Issuer: United Parcel Service, Inc. (the “Company”)
    Expected Ratings (Moody’s / S&P):* A2/A
    Principal Amount: $1,000,000,000
    Trade Date: May 12, 2025
    Settlement Date: May 14, 2025 (T+2)
    Maturity Date: May 14, 2065
    Price to Public: 99.522% of the principal amount
    Benchmark Treasury: 4.625% due February 15, 2055
    Benchmark Treasury Price /  Yield: 95-17 / 4.912%
    Spread to Benchmark Treasury: +117 basis points
    Yield to Maturity: 6.082%
    Coupon (Interest Rate): 6.050%
    Record Dates: May 1 and November 1 of each year, commencing on November 1, 2025
    Interest Payment Dates: May 14 and November 14 of each year, commencing November 14, 2025
    Minimum Denominations: The 2065 Notes will be issued in denominations of $2,000 and in integral multiples of $1,000.

    Optional Redemption:

    The 2065 Notes will be redeemable at any time prior to November 14, 2064 (the “2065 Notes Par Call Date”), as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior written notice mailed to the registered address of each holder of the notes to be redeemed, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2065 Notes matured on the 2065 Notes Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, as defined in the preliminary prospectus supplement of the Company, dated the date hereof, plus 20 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 2065 Notes to be redeemed, plus, in either case, accrued and unpaid interest, if any, on the principal amount of the 2065 Notes to be redeemed to, but excluding, the redemption date.

    The 2065 Notes will be redeemable at any time on or after the 2065 Notes Par Call Date, as a whole or in part, at the option of the Company, on at least 10 days’, but not more than 60 days’, prior notice mailed to the registered address of each holder of 2065 Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the 2065 Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the 2065 Notes to be redeemed to, but excluding, the redemption date.

     

     

     

     

    CUSIP: 911312CL8
    ISIN: US911312CL87
    Form: DTC, Book-Entry
    Law: New York
    Joint Book-Running Managers:

    Barclays Capital Inc.

    Citigroup Global Markets Inc.

    Goldman Sachs & Co. LLC

    SG Americas Securities, LLC

    Wells Fargo Securities, LLC

     

    BNP Paribas Securities Corp.

    BofA Securities, Inc.

    J.P. Morgan Securities LLC

    Morgan Stanley & Co. LLC

    TD Securities (USA) LLC 

    U.S. Bancorp Investments, Inc.

    Co-Managers:

    Drexel Hamilton, LLC

    Loop Capital Markets LLC

    Samuel A. Ramirez & Company, Inc.

    Siebert Williams Shank & Co., LLC

    Telsey Advisory Group LLC

    Concurrent Offerings: Concurrent with the offering of the 2065 Notes, the Company is offering its 4.650% Senior Notes due 2030, its 5.250% Senior Notes due 2035 and its 5.950% Senior Notes due 2055.

     

    It is expected that delivery of the 2065 Notes will be made against payment therefor on or about May 14, 2025, which will be the second business day following the date of pricing of the 2065 Notes (such settlement cycle being referred to herein as “T+2”). Under Rule 15c6-1 pursuant to the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the 2065 Notes more than one business day prior to the date of delivery of the 2065 Notes will be required, by virtue of the fact that the 2065 Notes initially will settle in T+2, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the 2065 Notes who wish to trade the 2065 Notes during such period should consult their own advisor.

     

    To the extent any Underwriter that is not a U.S. registered broker-dealer intends to effect sales of 2065 Notes in the United States, it will do so through one or more U.S. registered broker-dealers in accordance with the applicable U.S. securities laws and regulations.

     

    *Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

     

    The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. The Company files annual, quarterly, and current reports, proxy statements and other information with the SEC. Before you invest, you should read the preliminary prospectus supplement for this offering, the Company’s prospectus in that registration statement and any other documents the Company has filed with the SEC for more complete information about the Company and this offering. We urge you to read these documents and any other relevant documents when they become available because they contain and will contain important information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov.

     

    Alternatively, the Company, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Barclays Capital Inc. at (888) 603-5847 (toll free); Citigroup Global Markets Inc. at 1-800-831-9146; Goldman Sachs & Co. LLC toll-free at 1-866-471-2526; SG Americas Securities, LLC at 1-855-881-2108; or Wells Fargo Securities, LLC at 1-800-645-3751.

     

     

     

     

    This pricing term sheet supplements the preliminary prospectus supplement issued by United Parcel Service, Inc. on May 12, 2025 relating to its prospectus declared effective by the SEC on April 9, 2025 (such prospectus, as supplemented by such preliminary prospectus supplement, the “Preliminary Prospectus”). The information in this pricing term sheet supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus.

     

    No EEA or UK PRIIPs KID – No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK.

     

    ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

     

     

     

     

     

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    • SEC Form 4 filed by Director Morikis John G

      4 - UNITED PARCEL SERVICE INC (0001090727) (Issuer)

      6/3/25 4:25:14 PM ET
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    • New insider Morikis John G claimed ownership of 1,576 units of Class B Common Stock (SEC Form 3)

      3 - UNITED PARCEL SERVICE INC (0001090727) (Issuer)

      6/3/25 4:21:52 PM ET
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    • SEC Form 4 filed by President, US Operations Cesarone Nando

      4 - UNITED PARCEL SERVICE INC (0001090727) (Issuer)

      5/13/25 4:14:30 PM ET
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    $UPS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • UPS upgraded by BNP Paribas Exane with a new price target

      BNP Paribas Exane upgraded UPS from Underperform to Neutral and set a new price target of $100.00

      7/3/25 8:03:49 AM ET
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    • UPS downgraded by HSBC Securities with a new price target

      HSBC Securities downgraded UPS from Buy to Hold and set a new price target of $105.00

      5/1/25 7:44:39 AM ET
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    • UPS downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded UPS from Overweight to Equal Weight and set a new price target of $98.00

      4/22/25 7:23:13 AM ET
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    Leadership Updates

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    • UPS Appoints John Morikis to Board of Directors

      UPS (NYSE:UPS) today announced the appointment of John Morikis to the UPS Board of Directors, effective immediately. Morikis is the retired Chairman, President and CEO of the Sherwin-Williams Company, a global leader in the manufacture, development, distribution and sale of paint, coatings and related products. He currently serves on the Board of Directors of General Mills, Inc., and Whirlpool Corporation, and recently retired as the Executive Chairman and as a member of the Board at Sherwin-Williams. "John's extensive experience leading a highly complex, multinational organization, coupled with decades of public company Board experience will bring valuable perspective to our team," sai

      6/2/25 8:00:00 AM ET
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      Trucking Freight/Courier Services
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    • Andlauer Healthcare Group to be Acquired by UPS

      AHG to join the UPS family of companies in an all-cash transaction at C$55.00 per share, accelerating both UPS's and AHG's long term growth strategy in healthcare transportation and logistics. AHG will continue to be headquartered in Vaughan, Ontario. Key Highlights AHG shareholders to receive C$55.00 in cash per share, representing a premium of 31.1% over the last closing price and 38.4% over the 30-day volume-weighted average trading price.AHG to become part of the UPS Healthcare global network, which will add AHG's specialized transportation and logistics network with its cold-chain capabilities built for the healthcare sector to UPS Healthcare's existing offerings, further enhancing the

      4/24/25 7:30:00 AM ET
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      Trucking Freight/Courier Services
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    • UPS Appoints Kevin Clark To Board Of Directors

      UPS (NYSE:UPS) today announced the appointment of Kevin Clark to the UPS Board of Directors, effective immediately. Clark is Chair and Chief Executive Officer of Aptiv PLC, a global technology company focused on making the world safer, greener, and more connected. Aptiv's industry-leading portfolio of advanced software, compute, interconnect, and electrical architecture solutions is driving transformation across industries, including automotive, aerospace and defense, telecommunications, commercial vehicle, and industrial markets. "Kevin's deep expertise in finance, technology, mobility, and industrial transformation make him an outstanding addition to the board, strengthening our stewa

      3/3/25 8:00:00 AM ET
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    $UPS
    Financials

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    • UPS Announces Quarterly Dividend

      UPS (NYSE:UPS) today announced its regular quarterly dividend of $1.64 per share on all outstanding Class A and Class B shares. The dividend is payable June 5, 2025, to shareowners of record on May 19, 2025. Commitment to the dividend is one of UPS's core principles and a hallmark of the company's financial strength. UPS has either maintained or increased its dividend each year since going public in 1999. About UPS UPS (NYSE:UPS) is one of the world's largest companies, with 2024 revenue of $91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, "Moving our world forward by de

      5/7/25 5:42:00 PM ET
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    • Andlauer Healthcare Group Reports 2025 First Quarter Results

      TORONTO, May 1, 2025 /CNW/ - Andlauer Healthcare Group Inc. (TSX:AND) ("AHG" or the "Company") today reported its financial results for the three-month period ended March 31, 2025 ("Q1 2025").   Q1 2025 Summary Effective March 1, 2025, AHG entered into a joint venture (the "Joint Venture") to combine its packaging subsidiary, Nova Pack Ltd. ("Nova Pack"), with NowPac Inc. ("NowPac"), a privately-owned Toronto-based company specializing in contract packaging services for the healthcare sector;Revenue totaled $166.1 million, an increase of 3.1% compared to $161.1 million for the three-month period ended March 31, 2024 ("Q1 2024");Operating income was $21.6 million, compared to $21.2 million i

      5/1/25 5:39:00 PM ET
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      Trucking Freight/Courier Services
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    • UPS Releases 1Q 2025 Earnings

      Consolidated Revenues of $21.5B, Compared to $21.7B Last Year Consolidated Operating Margin of 7.7%; Non-GAAP Adjusted* Consolidated Operating Margin of 8.2% Diluted EPS of $1.40; Non-GAAP Adj. Diluted EPS of $1.49, Compared to $1.43 Last Year UPS (NYSE:UPS) today announced first-quarter 2025 consolidated revenues of $21.5 billion, a 0.7% decrease from the first quarter of 2024. Consolidated operating profit was $1.7 billion, up 3.3% compared to the first quarter of 2024, and up 0.9% on a non-GAAP adjusted basis. Diluted earnings per share were $1.40 for the quarter; non-GAAP adjusted diluted earnings per share were $1.49, 4.2% above the same period in 2024. For the first quarter of

      4/29/25 6:00:00 AM ET
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    $UPS
    Press Releases

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    • ANDLAUER HEALTHCARE GROUP PROVIDES UPDATE ON APPROVALS FOR SALE TO UPS

      TORONTO, June 26, 2025 /CNW/ - Andlauer Healthcare Group Inc. (TSX:AND) ("AHG" or the "Company") today announced that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement pursuant to which an affiliate of UPS (NYSE:UPS) will acquire all of the issued and outstanding shares of the Company (the "Shares") for C$55.00 per Share in cash (the "Arrangement"). As previously announced, the Company's shareholders voted overwhelmingly in favour of the Arrangement. The Company expects the Arrangement to be completed in the second half of this year, subject to receipt of approval under the Competition Act (Canada), which

      6/26/25 7:17:00 PM ET
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    • ANDLAUER HEALTHCARE GROUP OBTAINS SHAREHOLDER APPROVAL FOR SALE TO UPS

      TORONTO, June 24, 2025 /CNW/ - Andlauer Healthcare Group Inc. (TSX:AND) ("AHG" or the "Company") today announced that at its special meeting of shareholders held earlier today (the "Meeting"), holders (the "Shareholders") of the Company's subordinate voting shares and multiple voting shares (collectively, the "Shares") voted overwhelmingly in favour of the special resolution (the "Arrangement Resolution") approving the previously announced plan of arrangement pursuant to which an affiliate of UPS (NYSE:UPS) will acquire all of the issued and outstanding Shares for C$55.00 per Share in cash (the "Arrangement"), as more fully described in the Company's management information circular dated May

      6/24/25 5:00:00 PM ET
      $UPS
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    • Fresh Air, on Demand: Roadie Partners With Filterbuy to Deliver High-Quality Air Filters Same-Day Nationwide

      Partnership allows Filterbuy to accept orders via any marketplace seller, with Roadie enabling same-day delivery up to 100 miles of each cross-dock facility Filterbuy, a leading manufacturer and retailer of high-quality pleated air filters, has partnered with Roadie, a UPS company (NYSE:UPS), to offer same-day delivery for its full range of air filtration products. By leveraging RoadieXD™, Roadie's cross-docking solution, Filterbuy can provide customers with fast, efficient delivery of even its largest air filters. RoadieXD™ combines cross-docking capabilities with Roadie's on-demand delivery platform, enabling retailers like Filterbuy to offer fast, flexible delivery for big and bulky

      6/24/25 9:00:00 AM ET
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    $UPS
    SEC Filings

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    • SEC Form 11-K filed by United Parcel Service Inc.

      11-K - UNITED PARCEL SERVICE INC (0001090727) (Filer)

      6/27/25 2:37:22 PM ET
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      Trucking Freight/Courier Services
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    • United Parcel Service Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - UNITED PARCEL SERVICE INC (0001090727) (Filer)

      6/2/25 8:19:47 AM ET
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    • United Parcel Service Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - UNITED PARCEL SERVICE INC (0001090727) (Filer)

      5/20/25 4:05:32 PM ET
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    $UPS
    Insider Purchases

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    • Director Johnson William R bought $643,034 worth of Class B Common Stock (5,000 units at $128.61), increasing direct ownership by 3,125% to 5,160 units (SEC Form 4)

      4 - UNITED PARCEL SERVICE INC (0001090727) (Issuer)

      7/25/24 4:17:02 PM ET
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    • Boratto Eva C bought $199,220 worth of Class B Common Stock (1,400 units at $142.30) (SEC Form 4)

      4 - UNITED PARCEL SERVICE INC (0001090727) (Issuer)

      2/5/24 5:16:24 PM ET
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    $UPS
    Large Ownership Changes

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    • SEC Form SC 13G/A filed by United Parcel Service Inc. (Amendment)

      SC 13G/A - UNITED PARCEL SERVICE INC (0001090727) (Subject)

      2/13/24 5:15:59 PM ET
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    • SEC Form SC 13G/A filed by United Parcel Service Inc. (Amendment)

      SC 13G/A - UNITED PARCEL SERVICE INC (0001090727) (Subject)

      2/10/22 8:42:45 AM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - UNITED PARCEL SERVICE INC (0001090727) (Subject)

      2/10/21 11:57:25 AM ET
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