Pricing Supplement No. 3

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   UPS CoreNotes by United Parcel Service    LOGO

 

Filed Under Rule 424(b)(2), Registration Statement No. 333-147737

Pricing Supplement No. 3

(To: Prospectus Dated November 30, 2007, as supplemented by Prospectus Supplement

Dated May 30, 2008)

The date of this Pricing Supplement is June 13, 2008

 

Offer date:

   9-Jun-08         

Cut off:

   13-Jun-08    11:00 am ET      

Trade date:

   13-Jun-08         

Settlement Date:            

   18-Jun-08         
           
           

Ratings:

   Aa2/AA-    Senior Debt        

 

 

Interest
Rate

Per
Annum(1)

   Structure    Maturity    Call Date*    Settlement
Date
   Frequency    1st Payment
Date
   Public
Price(2)
   Purchasing
Agent’s(2)
  UPS
Proceeds
   Survivor’s
Option
   CUSIP    Aggregate
Principal
Amount
   Proceeds to
UPS

4.750%

   8 1/2NC2    12/15/2016    6/15/2010    6/18/2008    Semi-Annual    12/15/2008    100.00    1.300%   98.7000    Yes    91131UJU9    $1,493,000.00    $1,473,591.00

* Callable at par, in whole, on each coupon date on or after the Call Date with not less than 30 calendar days’ prior notice

* Coupon pays according to stated payment frequency; 30/360; unadjusted

 

(1) The interest rates on the UPS CoreNotes may be changed by United Parcel Service, Inc. from time to time, but any such change will not affect the interest rate on any UPS CoreNotes offered prior to the effective date of the change.

 

(2) Expressed as a percentage of aggregate principal amount.

Note: Merrill Lynch & Co. acted as principal on this transaction.

 

 

 

Merrill Lynch Sales Desk - (212) 449-5107

Rick Perretti, Gary Kobes, Adam Genther and Vincent Tarantola