Here’s what gets copied over from the original program:
name of the program (adds a “cloned” to the name to avoid confusion), you can rename the program from Settings > General > Program basics;
the dates and times of the program’s registration and submission phases, again changeable from Settings > General > Program basics;
the language, currency and registration type, can be changed from Settings > Registration > Registration limit;
the rest of the program settings (registration form, application categories, application forms, payment settings, and automatic emails).
Any special offers and conversion triggers used in the original program
What does not get cloned from the existing program to the new one:
logos and images