Spray with cooking spray or lightly grease 13x9 inch pan mix cereal, pretzels and cashews in large bowl, set aside. Melt candy coating in 2 quart saucepan over low heat, stirring occasionally. Pour over cereal mixture until evenly coated. Press in pan.
Drizzle melted chocolate chips over cereal mixture. Let stand about 30 minutes or till chocolate is firm. Break into clusters. Store in airtight container.
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