PRICING SUPPLEMENT Registration No. 333-108272 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes - -------------------------------------------------------------------------------- Pricing Supplement No. 15 Trade Date: 01/05/04 (To Prospectus dated September 8, 2003 and Prospectus Issue Date: 01/08/04 Supplement dated September 12, 2003) The date of this Pricing Supplement is January 6, 2004
CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UGY4 $2,728,000.00 4.00% 01/15/12 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) - ---------------- ----------------- -------------------- -------------------------------- monthly Yes Yes 100% 01/15/05 (02/15/04) semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms - --------------- ----------- ----------- ------ ----------- $2,697,992.00 $30,008.00 $2.00 ABN AMRO Financial Services, Inc.