In large microwavable bowl, microwave caramels, 2 tablespoons butter and the cream uncovered on High 2 to 3 minutes, stirring after each minute, until caramels are melted and mixture is smooth. Add Honey Nut Chex cereal, coconut and pecan halves; stir until evenly coated. Pour mixture into pan. Bake 15 minutes. Cool completely, about 30 minutes.