We report the discovery of a transiting planet first identified as a candidate in Sector 1 of the Transiting Exoplanet Survey Satellite (TESS), and then confirmed with precision radial velocities. HD1397b has a mass of ${\rm M_P}$ = $0.335_{-0.018}^{+0.018}$ ${\rm M_J}$, a radius of ${\rm R_P}$ = $1.021_{-0.014}^{+0.015}$ ${\rm M_J}$, and orbits its bright host star ($V = 7.8$ mag) with an orbital period of $11.53508 \pm 0.00057 $ d, on a moderately eccentric orbit ($e$ = 0.210 $\pm$ 0.038). With a mass of ${\rm M}_{\star}$ = $1.284_{-0.016}^{+0.020}$ ${\rm M}_{J}$, a radius of ${\rm R}_{\star}$ = 2.314$_{-0.042}^{+0.049}$ ${\rm R_J}$, and an age of 4.7 $\pm$ 0.2 Gyr, the solar metallicity host star has already departed from the main sequence. We find evidence in the radial velocity measurements for a long term acceleration, and a $P \approx 18$ d periodic signal that we attribute to rotational modulation by stellar activity. The HD1397 system is among the brightest systems currently known to host a transiting planet, which will make it possible to perform detailed follow-up observations in order to characterize the properties of giant planets orbiting evolved stars.
Comment: 15 pages, submitted to AJ