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Actionable news in UPS: UNITED PARCEL SERVICE Inc CLASS B,

Registration No: 333-214056

PROSPECTUS SUPPLEMENT

TO PROSPECTUS DATED OCTOBER 11, 2016

UNITED PARCEL SERVICE, INC.

$350,000,000 Floating Rate Senior Notes due 2021

$500,000,000 Floating Rate Senior Notes due 2023

$700,000,000 2.050% Senior Notes due 2021

$1,000,000,000 2.500% Senior Notes due 2023

$500,000,000 2.800% Senior Notes due 2024

$1,000,000,000 3.050% Senior Notes due 2027

$1,150,000,000 3.750% Senior Notes due 2047

We are offering $350,000,000 of Floating Rate Senior Notes due 2021 (the “2021 Floating Rate Notes”), $500,000,000 of Floating Rate Senior Notes due 2023 (the “2023 Floating Rate Notes” and, together with the 2021 Floating Rate Notes, the “Floating Rate Notes”), $700,000,000 of 2.050% Senior Notes due 2021 (the “2021 Fixed Rate Notes”), $1,000,000,000 of 2.500% Senior Notes due 2023 (the “2023 Fixed Rate Notes”), $500,000,000 of 2.800% Senior Notes due 2024 (the “2024 Fixed Rate Notes”), $1,000,000,000 of 3.050% Senior Notes due 2027 (the “2027 Fixed Rate Notes) and $1,150,000,000 of 3.750% Senior Notes due 2047 (the “2047 Fixed Rate Notes” and, collectively with the 2021 Fixed Rate Notes, the 2023 Fixed Rate Notes, the 2024 Fixed Rate Notes and the 2027 Fixed Rate Notes, the “Fixed Rate Notes”). The Floating Rate Notes and the Fixed Rate Notes are collectively referred to herein as the “notes.”

We will pay interest on each series of the Floating Rate Notes on January 1, April 1, July 1 and October 1 of each year, beginning, April 1, 2018. We will pay interest on the 2021 Fixed Rate Notes and the 2023 Fixed Rate Notes on April 1 and October 1 of each year, beginning April 1, 2018. We will pay interest on the 2024 Fixed Rate Notes, the 2027 Fixed Rate Notes and the 2047 Fixed Rate Notes on May 15 and November 15 of each year, beginning May 15, 2018. The 2021 Floating Rate Notes will bear interest at the rate equal to the 3-month LIBOR rate plus 0.15% basis points per annum and the 2023 Floating Rate Notes will bear interest at the rate equal to the 3-month LIBOR rate, plus 0.45% basis points per annum; provided, however, that the minimum interest rate on each series of the Floating Rate Notes shall not be less than 0.000%. The 2021 Fixed Rate Notes will bear interest at the rate of 2.050% per annum, the 2023 Fixed Rate Notes will bear interest at the rate of 2.500% per annum, the 2024 Fixed Rate Notes will bear interest at the rate of 2.800% per annum, the 2027 Fixed Rate Notes will bear interest at the rate of 3.050% per annum and the 2047 Fixed Rate Notes will bear interest at the rate of 3.750% per annum. The 2021 Floating Rate Notes will mature on April 1, 2021, the 2023 Floating Rate Notes will mature on April 1, 2023, the 2021 Fixed Rate Notes will mature on April 1, 2021, the 2023 Fixed Rate Notes will mature on April 1, 2023, the 2024 Fixed Rate Notes will mature on November 15, 2024, the 2027 Fixed Rate Notes will mature on November 15, 2027 and the 2047 Fixed Rate Notes will mature on November 15, 2047.

We may redeem some or all of each series of the Fixed Rate Notes at the times and at the applicable redemption prices described in this prospectus supplement. The Floating Rate Notes will not be redeemable.

The notes will be unsecured obligations and rank equally with our other unsecured and unsubordinated indebtedness from time to time outstanding. The notes of each series will be issued only in U.S. dollars in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

The notes will not be listed on any securities exchange. There is currently no public market for any series of notes.

Investing in the notes involves risk. See “Risk Factors” on page S-3 of this prospectus supplement for a discussion of certain risks that should be considered in connection with an investment in the notes as well as the “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016, which is incorporated by reference into this prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus to which it relates is truthful or complete. Any representation to the contrary is a criminal offense.

Price to
the Public (1)
Underwriting
Discount
Proceeds, Before
Expenses, to us (1)

Per 2021 Floating Rate Note

100.000% 0.250% 99.750%

Per 2023 Floating Rate Note

100.000% 0.350% 99.650%

Per 2021 Fixed Rate Note

99.842% 0.250% 99.592%

Per 2023 Fixed Rate Note

99.692% 0.350% 99.342%

Per 2024 Fixed Rate Note

99.647% 0.400% 99.247%

Per 2027 Fixed Rate Note

99.564% 0.450% 99.114%

Per 2047 Fixed Rate Note

99.749% 0.8750% 98.874%

Combined Total

$ 5,186,802,500 $ 24,437,500 $ 5,162,365,000
(1) Plus accrued interest from November 14, 2017, if settlement occurs after that date.

We expect the notes to be delivered in book-entry form only through The Depository Trust Company on or about November 14, 2017.

Joint Book-Running Managers

BNP PARIBAS

Citigroup BofA Merrill Lynch Mizuho Securities Morgan Stanley UBS Investment Bank

Co-Managers

The date of this prospectus supplement is November 9, 2017.


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