# EDGAR Filing Document

**Accession Number:** 0001182534
**File Stem:** 0001104659-26-027418
**Filing Date:** 2026-3
**Character Count:** 9785
**Document Hash:** 291aeb4e51e70064e4ddb1daec80a933
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-027418.hdr.sgml**: 20260313

**ACCESSION NUMBER**: 0001104659-26-027418

**CONFORMED SUBMISSION TYPE**: 305B2

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260313

**DATE AS OF CHANGE**: 20260313

**EFFECTIVENESS DATE**: 20260313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC
- **CENTRAL INDEX KEY:** 0001182534
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 113650483
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 305B2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-276654
- **FILM NUMBER:** 26750405

**BUSINESS ADDRESS:**
- **STREET 1:** 1950 OPPORTUNITY WAY, SUITE 1500
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190
- **BUSINESS PHONE:** (703) 251-5181

**MAIL ADDRESS:**
- **STREET 1:** 1950 OPPORTUNITY WAY, SUITE 1500
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VOLKSWAGEN AUTO LEASE UNDERWRITTEN FUNDING LLC
- **DATE OF NAME CHANGE:** 20020823

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY<br> UNDER THE TRUST INDENTURE ACT OF 1939 OF A<br> CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE<br> ELIGIBILITY OF A TRUSTEE PURSUANT TO<br> SECTION 305(b)(2) ⌧

***Citibank, N.A.***

(Exact name of trustee as specified in its charter)

---

| | |
|:---|:---|
| A National Banking Association | 13-5266470 |
|  | (I.R.S. employer |
|  | identification no.) |
| 388 Greenwich Street, New York, New York | 10013 |
| (Address of principal executive office) | (Zip code) |

---

VOLKSWAGEN AUTO LEASE TRUST 2026-A

(Exact name of obligor as specified in its charter)

Delaware 41-6851810 <br> (State or other jurisdiction of (I.R.S. employer <br> Incorporation or organization) identification no.)

c/o Deutsche Bank Trust Company Delaware, as Owner Trustee<br> 1100 Centre Road, 2<sup>nd</sup> Floor

Wilmington, DE, 19805

Or such other address specified in the applicable<br> Prospectus

(Address of principal executive offices)

<u>AUTO LEASE ASSET BACKED NOTES</u>

(Title of the Indenture securities)

**1.** **General information. Furnish the following information as to the Trustee:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Name and address of each examining or supervising authority to which it is subject.** 

---

| | |
|:---|:---|
| <u>Name</u> | <u>Address</u> |
| Comptroller of the Currency | Washington, D.C. |
| Federal Reserve Bank of New York | 33 Liberty Street, New York, NY |
| Federal Deposit Insurance Corporation | Washington, D.C. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Whether it is authorized to exercise corporate trust powers.** 

Yes.

**2. Affiliations with Obligor.**

**If the obligor is an affiliate of the trustee, describe each such affiliation.**

None.

Item 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect. (Exhibit 1 to T-1 to Registration Statement No. 2-79983)

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business. (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers. (Exhibit 3 to T-1 to Registration Statement No. 2-55519)

Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1 to Registration Statement No. 33-34988)

Exhibit 5 - Not applicable.

Exhibit 6 – The consent of the Trustee required by Section 321 (b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of December 31, 2025 - attached)

Exhibit 8 - Not applicable.

Exhibit 9 - Not applicable.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this Statement of Eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 13th day of March, 2026.

---

| | |
|:---|:---|
| CITIBANK, N.A. | CITIBANK, N.A. |
| By: | /s/ Louis Piscitelli |
| Name: | Louis Piscitelli |
| Title: | Senior Trust Officer |

---

## Ex-7

**Exhibit 7**

---

| | |
|:---|:---|
| **CONSOLIDATED BALANCE SHEET** | Citigroup Inc. and Subsidiaries |

---

---

| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
| In millions of dollars | **2025** | 2024 |
| **Assets** |  |  |
| Cash and due from banks (including segregated cash and other deposits) | $**23717** | $22782 |
| Deposits with banks, net of allowance | **325862** | 253750 |
| Securities borrowed and purchased under agreements to resell (including $206,110 and $140,855 as of December 31, 2025 and 2024, respectively, at fair value), net of allowance | **356195** | 274062 |
| Brokerage receivables, net of allowance | **62679** | 50841 |
| Trading account assets (including $228,816 and $193,291 pledged to creditors as of December 31, 2025 and 2024, respectively) | **537139** | 442747 |
| Investments: |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-sale debt securities (including $4,931 and $5,389 pledged to creditors as of December 31, 2025 and 2024, respectively) | **246720** | 226876 |
| &nbsp;&nbsp;&nbsp;Held-to-maturity debt securities, net of allowance (fair value of which is $179,520 and $224,410 as of December 31, 2025 and 2024, respectively) (includes $70 and $0 pledged to creditors as of December 31, 2025 and 2024, respectively) | **189831** | 242382 |
| &nbsp;&nbsp;&nbsp;Equity securities (including $921 and $578 as of December 31, 2025 and 2024, respectively, at fair value) | **7678** | 7399 |
| Total investments | $**444229** | $476657 |
| Loans: |  |  |
| &nbsp;&nbsp;&nbsp;Consumer (including $51 and $281 as of December 31, 2025 and 2024, respectively, at fair value) | **408533** | 393102 |
| &nbsp;&nbsp;&nbsp;Corporate (including $6,804 and $7,759 as of December 31, 2025 and 2024, respectively, at fair value) | **343697** | 301386 |
| Loans, net of unearned income | $**752230** | $694488 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans (ACLL) | **(19247**) | (18574) |
| Total loans, net | $**732983** | $675914 |
| Goodwill | **19098** | 19300 |
| Intangible assets (including MSRs of $759 and $760 as of December 31, 2025 and 2024, respectively) | **4284** | 4494 |
| Premises and equipment, net of depreciation and amortization | **33339** | 30192 |
| Other assets (including $15,840 and $13,703 as of December 31, 2025 and 2024, respectively, at fair value), net of allowance | **117677** | 102206 |
| **Total assets** | $**2657202** | $2352945 |

---

Statement continues on the next page.

---

| | |
|:---|:---|
| **CONSOLIDATED BALANCE SHEET**<br> (Continued)** | Citigroup Inc. and Subsidiaries |

---

---

| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
| In millions of dollars, except shares and par value per share amounts | **2025** | 2024 |
| **Liabilities** |  |  |
| Deposits (including $4,222 and $3,608 as of December 31, 2025 and 2024, respectively, at fair value) | $**1403573** | $1284458 |
| Securities loaned and sold under agreements to repurchase (including $199,422 and $49,154 as of December 31, 2025 and 2024, respectively, at fair value) | **348098** | 254755 |
| Brokerage payables (including $5,492 and $5,207 as of December 31, 2025 and 2024, respectively, at fair value) | **74836** | 66601 |
| Trading account liabilities | **162798** | 133846 |
| Short-term borrowings (including $21,567 and $12,484 as of December 31, 2025 and 2024, respectively, at fair value) | **51878** | 48505 |
| Long-term debt (including $130,726 and $112,719 as of December 31, 2025 and 2024, respectively, at fair value) | **315827** | 287300 |
| Other liabilities, plus allowances | **86370** | 68114 |
| **Total liabilities** | $**2443380** | $2143579 |
| **Stockholders' equity** |  |  |
| Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: as of December 31, 2025—802,000 and as of December 31, 2024—714,000, at aggregate liquidation value | $**20050** | $17850 |
| Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: as of December 31, 2025 —3,099,752,593 and as of December 31, 2024—3,099,719,006 | **31** | 31 |
| Additional paid-in capital | **108452** | 109117 |
| Retained earnings | **215128** | 206294 |
| Treasury stock, at cost: December 31, 2025—1,352,205,592 shares and December 31, 2024—1,222,647,540 shares | **(89473**) | (76842) |
| Accumulated other comprehensive income (loss) (*AOCI*) | **(41897**) | (47852) |
| **Total Citigroup stockholders' equity** | $**212291** | $208598 |
| Noncontrolling interests | **1531** | 768 |
| **Total equity** | $**213822** | $209366 |
| **Total liabilities and equity** | $**2657202** | $2352945 |

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The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.