PRICING SUPPLEMENT Registration No. 333-108272 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 8 Trade Date: 11/10/03 (To Prospectus dated September 8, 2003 and Prospectus Issue Date: 11/14/03 Supplement dated September 12, 2003) The date of this Pricing Supplement is November 11, 2003 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UGR9 $4,863,000.00 5.25% 11/15/18 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option 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 --------------- ------------- ----------- ------ ----------- $4,799,781.00 $63,219.00 $3.50 ABN AMRO Financial Services, Inc.