PRICING SUPPLEMENT Registration No. 333-108272 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 2 Trade Date: 09/29/03 (To Prospectus dated September 8, 2003 and Prospectus Issue Date: 10/02/03 Supplement dated September 12, 2003) The date of this Pricing Supplement is September 30, 2003
CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UGK4 $7,745,000.00 5.00% 10/15/18 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- monthly Yes Yes 100% 10/15/2004 (11/15/2003) semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $7,621,080.00 $123,920.00 $3.50 ABN AMRO Financial Services, Inc.