1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes ===================================================================================================================== Pricing Supplement No. 15 Trade Date: 3/12/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 3/15/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is March 13, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UAQ7 $3,485,000.00 5.7% 3/15/08 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- --------------------- -------------------------------- 4/15/01 Yes Yes 100% 3/15/02 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ------------- ----------- ------ ----------- $3,443,180.00 $41,820 $2.00 ABN AMRO, Inc.