PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 53 Trade Date: 02/03/03 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 02/06/03 Supplement dated December 20, 2001) The date of this Pricing Supplement is February 4, 2003 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UFB5 $3,621,000.00 4.00% 08/15/11 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- 03/15/03 Yes Yes 100% 02/15/04 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $3,572,116.50 $48,883.50 $2.00 ABN AMRO Financial Services, Inc.