Step 1

Spray 13x9-inch pan with cooking spray. Place cereal in large bowl; set aside.

Step 2

In 3-quart saucepan, heat 1 cup of the peanut butter, the honey, butter and caramel sauce just to boiling over medium heat, stirring constantly.

Step 3

Pour hot mixture over cereal in bowl; stir until evenly coated. Spray back of spoon with cooking spray. Using back of spoon, press mixture firmly into pan.

Step 4

In medium microwavable bowl, microwave chocolate chips, butterscotch chips and remaining 1/2 cup peanut butter uncovered on High 1 to 2 minutes, stirring every 30 seconds, until smooth. Spread over bars. Refrigerate about 2 hours or until set. Cut into 6 rows by 4 rows. Store covered in airtight container.