This is Thrilling Mystery for November 1941, no artist recorded or ISFDB entry. I found this version of the cover at Pulp Covers and checked the dating in the index at Galactic Central.
Pulp Parade #116: New villains for the times
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Interesting. This was released before the Germans declared war on the US, or Pearl Harbor. I know that in some US films thinly disguised Nazis were appearing as villains, but I didn’t think about the pulps. I guess it was around this point even pulp writers realized that you didn’t need red cowled minions to generate dread horror.