I haven't found a function for this specifically but here's a workaround I've been using:
Create a basic preset in the Midi Control program on your computer with all note values set to C3 (or whatever you want your default note to be). Maybe leave the sequence empty or do what I do and have 1 note play on each downbeat (steps 1, 5, 9, 13). Just some pattern that when you see it you'll know you've got your boilerplate sequence opened up. Whenever you need to set a sequence back to a starting point, recall pad 16 while in SEQ mode and then store it to whatever pad you were previously working on.