Prepare an 8x8 pan by lining it with parchment paper and lightly spraying with non-stick spray. Set aside.
In a medium saucepan combine sugar and corn syrup over medium heat.
Allow mixture to cook until bubbling, stirring frequently.
Once sugar mixture is uniform (no sugar lumps!) and has just begun to bubble. (let this bubble too long and your bars will be wind up super hard)
Then remove the saucepan from heat and add peanut butter, mixing until well combined.
Next, add cereal to the peanut butter mixture right away while it is still very warm. Coat evenly.
Press cereal mixture into prepared 8x8 pan.
In a microwave safe bowl melt together the chocolate & butterscotch chips. To do this microwave on high for ~2 minutes, stopping every 30 seconds to stir, being careful not to burn the chocolate.
Mix chips together when they are melted until uniform and pour over the cereal mixture in one even layer.
Allow bars to full cool, may also place in the fridge to quicken this process.
Cut bars once fully cooled and hardened into 16 squares.
Enjoy!