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.