1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) UNITED PARCEL SERVICE, INC. UPS NOTES -------------------------------------------------------------------------------- Pricing Supplement No. 53 Trade Date: 08/03/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 08/09/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is August 7, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UCE2 $8,949,000.00 6.25% 08/15/16 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ------------ --------------------------------- 09/15/01 Yes Yes 100% 08/15/03 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $8,832,663.00 $116,337.00 $3.50 ABN AMRO Financial Services, Inc.