PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 51 Trade Date: 07/23/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/26/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is July 25, 2001
CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UCC6 $9,677,000.00 6.0% 07/15/11 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) - ---------------- ----------------- ---------- -------------------------------- 01/15/02 Yes Yes 100% 07/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms - --------------- ----------- ----------- ------ ----------- $9,536,683.50 $140,316.50 $2.00 ABN AMRO Financial Services, Inc.