Novation Launchkey 49 MK3 USB MIDI Keyboard Controller (49-Key) - Manual (Page 27)

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The ▲▼ buttons can be used to transpose the chord bank in semitones between -12 and +12, any
changes will be displayed on the screen.
3.2.3 Fixed Chord
Fixed Chord lets you play a chord shape and then transpose it by pressing other keys.
To set a chord press and hold the Fixed Chord button. Then, while still holding the button, press and
release the keys that you wish to be part of your chord. The chord is now stored.
Keep in mind that the first note that you input into the chord is considered the ‘root note’ of the
chord, even if you then add notes lower than the first one, like in the example below, illustrating how
to use the feature: