PRICING SUPPLEMENT Registration No. 333-108272 Filed Pursuant to Rule 424(b)(2) UNITED PARCEL SERVICE, INC. UPS NOTES -------------------------------------------------------------------------------- Pricing Supplement No. 9 Trade Date: 11/17/03 (To Prospectus dated September 8, 2003 and Issue Date: 11/20/03 Prospectus Supplement dated September 12, 2003) The date of this Pricing Supplement is November 18, 2003 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UGS7 $9,142,000.00 5.00% 11/15/15 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option 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 --------------- ------------- ----------- ------ ----------- $9,000,299.00 $141,701.00 $2.75 ABN AMRO Financial Services, Inc.