PRICING SUPPLEMENT Registration No. 333-108272 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 5 Trade Date: 10/20/03 (To Prospectus dated September 8, 2003 and Prospectus Issue Date: 10/23/03 Supplement dated September 12, 2003) The date of this Pricing Supplement is October 22, 2003
CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UGN8 $2,884,000.00 5.15% 10/15/18 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- ------------------------ -------------------------------- quarterly Yes Yes 100% 10/15/04 (01/15/04) semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $2,833,530.00 $50,470.00 $3.50 ABN AMRO Financial Services, Inc.