PRICING SUPPLEMENT Registration No. 333-108272 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 10 Trade Date: 11/24/03 (To Prospectus dated September 8, 2003 and Prospectus Issue Date: 11/28/03 Supplement dated September 12, 2003) The date of this Pricing Supplement is November 25, 2003
CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UGT5 $4,598,000.00 5.00% 11/15/18 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) - ---------------- ----------------- --------------------- -------------------------------- quarterly Yes Yes 100% 11/15/04 (02/15/04) semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms - --------------- ----------- ----------- ------ ----------- $4,538,226.00 $59,774.00 $3.50 ABN AMRO Financial Services, Inc.