1 FORM OF PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 14 Trade Date: 03/05/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 03/08/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is March 7, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UAP9 $6,566,000.00 6.25% 03/15/16 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- --------------------- -------------------------------- 09/15/01 Yes Yes 100% 03/15/04 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ------------- ----------- ------------- ----------- $6,451,095.00 $114,905 $3.50 ABN AMRO Inc.