On this screen you enter/change parameters that are global
to this sequence.  You can :

  ====>   - Change the NAME of the sequence

          - Set the MUTE flag

          - Velocity and Note Transpose

 ====>    - Set ALLOW TRANSPOSE to Yes or No

          - The Affected by Transpose Flag

 ====>    - Set how many times sequence will repeat when started
            from the computer keyboard at play time.

 ====>    - Assign a PLAY KEY to the Sequence

Better to set only those items with "====>".  See the manual