PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
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Pricing Supplement No. 50 Trade Date: 01/13/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 01/16/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is January 14, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UEY6 $4,462,000.00 5.00% 01/15/17 100%
Interest Payment
Frequency Dates and terms of redemption
(begin date) Survivor's Option Subject to Redemption (including the redemption price)
---------------- ----------------- ---------------------- --------------------------------
07/15/03 Yes Yes 100% 01/15/04
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$4,397,301.00 $64,699.00 $3.50 ABN AMRO Financial
Services, Inc.