Have you read the documentation under mpileup in the samtools manual page?

In the pileup format (without -u or -g), each line represents a genomic position, consisting of chromosome name, 1-based coordinate, reference base, the number of reads covering the site, read bases, base qualities and alignment mapping qualities. Information on match, mismatch, indel, strand, mapping quality and start and end of a read are all encoded at the read base column [etc]

The <> characters each indicate a read that has skipped this reference position (due to CIGAR N). This column is named read bases (and the reference base is shown in column 3 — or would be if you used the -f REF mpileup option), so the Cc etc characters show the bases in your read.