Hereof, what does ddr4 3200 OC mean?
It means that the motherboard natively supports RAM @ 2133MHz, and if you mount a higher speed RAM (@ 3466, 3400, 3333, 3300, 3200, 3000, 2800, 2666, 2400MHz) that motherboard will still run it @ 2133MHz. However, in this case, you can overclock it to use it at full speed.
Subsequently, question is, what does 2133MHz mean? If you're referring to the speed of some RAM (since that's a common DDR4 speed), then that means that the RAM runs through 2.133 billion cycles every second, since 2133mHz is equivalent to 2.133gHz. Any time you see Hertz as a measurement, it refers to a cycle happening a certain number of times per second.
In this manner, does RAM speed matter for motherboard?
Your computer will work just fine if you install the faster RAM. It will simply run at the slower 1333Mhz speed. Your motherboard will recognize those faster RAM sticks as being compatible (because they are) and allow the system to boot up and operate normally after you install them.
Does CPU limit RAM speed?
Actually it is the combination of CPU and motherboard which limits DIMM speed. DIMM speed will only go as high as the lower of the speed limits between the CPU and motherboard. For example, a CPU may support speed up 1600, and a motherboard supports speeds up to 2400, but the DIMM's will go up to 1600 (stably).