Multiselect Search Template doesn't honor HTML

When a custom field has defined options using HTML and is attached to a mutli-select search template, it is not possible to correctly search on those fields.

For example, we have a custom field called 'Status', with a value of "<span style="background:#0F0;">Green</span>", which just adds a green background to the field in the Issue Navigator.

With the single-select searcher, the Find Issues query panel will correctly list "Green" along with the other options.

With the multi-select searcher, the Find Issues query panel will incorrectly list (given verbatim below):
Green">Green

... which doesn't correctly match any issues.

Escaping the "<" and ">" symbols doesn't appear to have the desired effect either.