By diode bridging an inductor to implement a memristor bipole, with active Wien-bridge oscillator, a simple and feasible third-order autonomous memristive chaotic oscillator is presented. The dynamical characteristics of the proposed circuit are investigated both theoretically and numerically, from which it can be found that the circuit has one unstable equilibrium point. Through the analysis of the bifurcation diagram, Lyapunov exponent spectrum and the 0–1 test chaos detection, it is shown that this system displays limit cycle orbit with different periodicity, quasi-periodic behavior, chaotic behavior and bursting behavior. The bursting behavior found in this circuit is periodic, quasi-periodic and chaotic bursting. We confirm the feasibility of the proposed theoretical model using Pspice simulations and a physical realization based on an electronic analog implementation of the model.