How to display using [displayWith] in AutoComplete Material2

I have an array that comes from my API and I'm using Material2#AutoComplete to filter this... it's working so far, however I'm in trouble to display the another property instead of the binded value in option.

I know I have to use displayWith, however it isn't working as I'm expecting. The function called as [displayWith]="displayFn.bind(this)"> just returns me the id, how can I get the full object and so return the name on function.

BTW, I still want to have the id binded in my FormControl.

Some code:

Component:

export class AutocompleteOverviewExample {
  stateCtrl: FormControl;
  filteredStates: any;

  states = [
    { 
      id: 1,
      name: 'Alabama'
    },
    {
      id: 2,
      name: 'North Dakota'
    },
    {
      id: 3,
      name: 'Mississippi'
    }
  ];

  constructor() {
    this.stateCtrl = new FormControl();
    this.filteredStates = this.filterStates('');
  }

  onKeyUp(event: Event): void {
    this.filteredStates = this.filterStates(event.target.value);
  }

  filterStates(val: string): Observable<any> {
    let arr: any[];
    console.log(val)
    if (val) {
      arr = this.states.filter(s => new RegExp(`^${val}`, 'gi').test(s.name));
    } else {
      arr = this.states;
    }

    // Simulates request
    return Observable.of(arr);
  }

  displayFn(value) {
    // I want to get the full object and display the name
    return value;
  }
}

Template:

<md-input-container>
  <input mdInput placeholder="State" (keyup)="onKeyUp($event)" [mdAutocomplete]="auto" [formControl]="stateCtrl">
</md-input-container>

<md-autocomplete #auto="mdAutocomplete" [displayWith]="displayFn.bind(this)">
  <md-option *ngFor="let state of filteredStates | async" [value]="state.id">
    {{ state.name }}
  </md-option>
</md-autocomplete>

Basically, it's almost the same as this question (unfortunately both answers are incorrect or throw errors).

Here's the PLUNKER.