Grease 13 x 9-inch baking pan.

Combine sugar and corn syrup in large, heavy-duty saucepan; bring just to a boil over medium heat.

Stirring constantly.

Remove from heat; stir in peanut butter.

Stir in cereal.

Press into prepared baking pan.

In a small saucepan over low heat, melt the chocolate and butterscotch chips together, stirring constantly until smooth and fully combined.

Spread over cereal mixture.

Refrigerate for 20 minutes or until firm.

Slice into bars and enjoy!