We present the discovery of the first L-type subdwarf, 2MASS
J05325346+8246465. This object exhibits enhanced collision-induced H2
absorption, resulting in blue NIR colors (J−Ks=0.26±0.16). In
addition, strong hydride bands in the red optical and NIR, weak TiO absorption,
and an optical/J-band spectral morphology similar to the L7 DENIS 0205−1159AB
imply a cool, metal-deficient atmosphere. We find that 2MASS 0532+8246 has both
a high proper motion, μ = 2\farcs60\pm0\farcs15 yr−1, and a
substantial radial velocity, vrad=−195±11 km s−1, and its
probable proximity to the Sun (d = 10--30 pc) is consistent with halo
membership. Comparison to subsolar-metallicity evolutionary models strongly
suggests that 2MASS 0532+8246 is substellar, with a mass of 0.077 ≲ M
≲ 0.085 M_{\sun} for ages 10--15 Gyr and metallicities Z=0.1−0.01Z_{\sun}. The discovery of this object clearly indicates that star
formation occurred below the Hydrogen burning mass limit at early times,
consistent with prior results indicating a flat or slightly rising mass
function for the lowest-mass stellar subdwarfs. Furthermore, 2MASS 0532+8246
serves as a prototype for a new spectral class of subdwarfs, additional
examples of which could be found in NIR proper motion surveys.Comment: 9 pages, 3 figures, accepted to Ap