PRICING SUPPLEMENT
Registration No. 333-108272
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
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Pricing Supplement No. 12 Trade Date: 12/08/03
(To Prospectus dated September 8, 2003 and Issue Date: 12/11/03
Prospectus Supplement dated September 12, 2003)
The date of this Pricing Supplement is December 9, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UGV0 $5,324,000.00 5.25% 12/15/18 100%
Interest Payment
Frequency Dates and terms of redemption
(begin date) Survivor's Option Subject to Redemption (including the redemption price)
---------------- ----------------- --------------------- --------------------------------
monthly Yes Yes 100% 12/15/04
(01/15/04) semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- -------- -------------
$5,246,802.00 $77,198.00 $3.50 ABN AMRO Financial
Services, Inc.