As filed pursuant to Rule 424(b)(3)

Registration No. 333-156219

PRICING SUPPLEMENT

(To Prospectus dated December 17, 2008 as supplemented by the Prospectus Supplement dated December 17, 2008)

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered	Proposed Maximum Aggregate Offering Price		Amount of Registration Fee(1)(2)
Debt Securities		$2,056,000.00		$238.50

 (1) Calculated in accordance with Rule 457(r) of the Securities Act.

(2) Paid herewith.

HSBC Finance Corporation - Registration No. 333-156219

Rule 424(b)(3)

Pricing Supplement No. 86

Dated July 18, 2011

CUSIP Number

Principal Amount

Gross Concession

Net Proceeds

Coupon Type

Coupon Rate

Coupon Frequency

Day Count Basis

40429XD86

$2,056,000.00

0.950%

$2,036,468.00

Fixed

2.000%

Semi-Annual

30/360

Maturity Date

1st Coupon Date

1st Coupon Amount

Survivor’s Option

Product Ranking

01/15/2015

01/15/2012

$9.67

Yes

Senior Unsecured Notes

Redemption Information: Non-Callable

Joint Lead Managers and Lead Agents:  Banc of America Securities LLC, HSBC Securities (USA) Inc. and INCAPITAL, LLC. Agents: Charles Schwab & Company, Incorporated, Citigroup Global Markets Inc., Edward D. Jones & Co., L.P., Fidelity Capital Markets Services, a division of National Financial Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, RBC Capital Markets Corporation, UBS Securities LLC, and Wachovia Securities LLC.

HSBC Finance Corporation 26525 N. Riverwoods Blvd. Mettawa, IL  60045 Offering Dates: Monday, July 11, 2011 through Monday, July 18, 2011 Trade Date: Monday, July 18, 2011 @ 12:00 PM ET Settlement Date: Thursday July 21, 2011 Minimum Denomination/Increments: $1,000.00/$1,000.00 Initial trades settle flat and clear SDFS: DTC Book Entry Only DTC Number: 0235 via RBC Dain Rauscher Inc. InterNotes® is a registered trademark of Incapital Holdings LLC.  All Rights Reserved. HSBC Finance Corporation HSBC Finance InterNotes Prospectus Supplement dated December 17, 2008 to Prospectus dated December 17, 2008

If the maturity date or an interest payment date for any note is not a Business Day (as term is defined in the Prospectus), principal, premium, if any, and interest for that note is paid on the next Business Day, and no interest will accrue from, and after, the maturity date or interest payment date.

The notes represent obligations of HSBC Finance Corporation and are not obligations of, nor guaranteed by, HSBC Holdings plc or any of its affiliates.