<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-05-11</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000354964</issuerCik>
        <issuerName>HSBC Finance Corp</issuerName>
        <issuerTradingSymbol>HFC PRB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001384541</rptOwnerCik>
            <rptOwnerName>Kesler William H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O HSBC FINANCE CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>26525 NORTH RIVERWOODS BLVD.</rptOwnerStreet2>
            <rptOwnerCity>METTAWA</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60045</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP &amp; Treasurer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <remarks>No longer an officer of HSBC Finance Corporation</remarks>

    <ownerSignature>
        <signatureName>/s/ Mick Forde, Senior Vice President, Deputy General Counsel-Corporate &amp; Assistant Secretary and Attorney-In-Fact for William H. Kesler</signatureName>
        <signatureDate>2011-05-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
