diff --git a/app/code/Magento/Checkout/Block/Checkout/LayoutProcessor.php b/app/code/Magento/Checkout/Block/Checkout/LayoutProcessor.php
index 16450ec6ff2c2..08c3022711067 100644
--- a/app/code/Magento/Checkout/Block/Checkout/LayoutProcessor.php
+++ b/app/code/Magento/Checkout/Block/Checkout/LayoutProcessor.php
@@ -134,7 +134,7 @@ private function convertElementsToSelect($elements, $attributesToConvert)
 
             foreach ($options as $key => $value) {
                 $elements[$code]['options'][] = [
-                    'value' => $key,
+                    'value' => $value,
                     'label' => $value,
                 ];
             }