XF 1.5 User Upgrade Page Description - HTML not working


Well-known member
I have this code in the description area settings of the user upgrades"

<p>Support the site and become a Gold Member! </p>
<p>With your Annual Gold Member Subscription you will receive:
<LI>Free FABO Window Decals</LI>
<LI>Access to special Gold Member Only Forums</LI>
<LI>Increased Private Message Storage</LI>
<LI>Increased Photo Gallery Storage</LI>
<LI>Our Gratitude</LI>

But all I get is this:


am I doing something wrong that I'm not getting the bullets?