PRICING SUPPLEMENT Registration No. 333-108272 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 7 Trade Date: 11/03/03 (To Prospectus dated September 8, 2003 and Prospectus Issue Date: 11/06/03 Supplement dated September 12, 2003) The date of this Pricing Supplement is November 4, 2003
CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UGQ1 $5,125,000.00 5.00% 11/15/17 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- ------------------------- -------------------------------- monthly Yes Yes 100% 11/15/04 (12/15/03) semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $5,040,437.50 $84,562.50 $3.00 ABN AMRO Financial Services, Inc.