Hope this is the right recipe you are looking for. I have always called these Special K Bars:

Special K Bars

1 cup sugar
1 cup white karo syrup
1 1/2 cups peanut butter
6 cups Special K cereal
1 package butterscotch chips
1 package chocolate chips
Utensils:
9x13-inch pan

Heat sugar, white karo syrup, and peanut butter in microwave until sugar is dissolved (about 2 minutes). Do not boil. Add Special K cereal. Stir to coat cereal. Put in pan. Pat down firmly. Melt butterscotch chips chocolate chips in the microwave. Spread over bars.