diff --git a/packages/primevue/src/multiselect/MultiSelect.vue b/packages/primevue/src/multiselect/MultiSelect.vue
index 1f5c8d9de..fda3ad320 100755
--- a/packages/primevue/src/multiselect/MultiSelect.vue
+++ b/packages/primevue/src/multiselect/MultiSelect.vue
@@ -30,16 +30,21 @@
                         {{ label || 'empty' }}
                     </template>
                     <template v-else-if="display === 'chip'">
-                        <span v-for="item of chipSelectedItems" :key="getLabelByValue(item)" :class="cx('chipItem')" v-bind="ptm('chipItem')">
-                            <slot name="chip" :value="item" :removeCallback="(event) => removeOption(event, item)">
-                                <!-- TODO: removetokenicon and removeTokenIcon  deprecated since v4.0. Use chipicon slot and chipIcon prop-->
-                                <Chip :class="cx('pcChip')" :label="getLabelByValue(item)" :removeIcon="chipIcon || removeTokenIcon" removable :unstyled="unstyled" @remove="removeOption($event, item)" :pt="ptm('pcChip')">
-                                    <template #removeicon>
-                                        <slot :name="$slots.chipicon ? 'chipicon' : 'removetokenicon'" :class="cx('chipIcon')" :item="item" :removeCallback="(event) => removeOption(event, item)" />
-                                    </template>
-                                </Chip>
-                            </slot>
-                        </span>
+                        <template v-if="chipSelectedItems">
+                            <span>{{ label }}</span>
+                        </template>
+                        <template v-else>
+                            <span v-for="item of modelValue" :key="getLabelByValue(item)" :class="cx('chipItem')" v-bind="ptm('chipItem')">
+                                <slot name="chip" :value="item" :removeCallback="(event) => removeOption(event, item)">
+                                    <!-- TODO: removetokenicon and removeTokenIcon  deprecated since v4.0. Use chipicon slot and chipIcon prop-->
+                                    <Chip :class="cx('pcChip')" :label="getLabelByValue(item)" :removeIcon="chipIcon || removeTokenIcon" removable :unstyled="unstyled" @remove="removeOption($event, item)" :pt="ptm('pcChip')">
+                                        <template #removeicon>
+                                            <slot :name="$slots.chipicon ? 'chipicon' : 'removetokenicon'" :class="cx('chipIcon')" :item="item" :removeCallback="(event) => removeOption(event, item)" />
+                                        </template>
+                                    </Chip>
+                                </slot>
+                            </span>
+                        </template>
                         <template v-if="!modelValue || modelValue.length === 0">{{ placeholder || 'empty' }}</template>
                     </template>
                 </slot>
@@ -1059,7 +1064,7 @@ export default {
             return label;
         },
         chipSelectedItems() {
-            return isNotEmpty(this.maxSelectedLabels) && this.modelValue && this.modelValue.length > this.maxSelectedLabels ? this.modelValue.slice(0, this.maxSelectedLabels) : this.modelValue;
+            return isNotEmpty(this.maxSelectedLabels) && this.modelValue && this.modelValue.length > this.maxSelectedLabels;
         },
         allSelected() {
             return this.selectAll !== null ? this.selectAll : isNotEmpty(this.visibleOptions) && this.visibleOptions.every((option) => this.isOptionGroup(option) || this.isOptionDisabled(option) || this.isSelected(option));